BP plc · LSE:BP.
BP — Merger or Acquisition (January 2011)
9 slides from BP's merger presentation, Jan 14, 2011
Slide 1: Rosneft-BP: Global and Arctic Alliance
Rosneft-BP: Global and Arctic Alliance January 14, 2011
Slide 2: Russia – The world's largest oil and hydrocarbon producer
Russia – The world’s largest oil and hydrocarbon producer Russia is the world’s largest oil and gas producer Rosneft and BP, through TNK-BP, are leading oil producers in Russia 20 3,000 18 2,500 Production (mmboepd) 16 14 2,000 12 kboepd 10 1,500 8 6 1,000 BP 4 500 2 0 ‐ Rosneft Hess Sinopec ExxonMo
Slide 3: BP and Rosneft are forming a global strategic alliance
BP and Rosneft are forming a global strategic alliance A unique alliance unlocking future growth potential for both BP and Rosneft Arctic exploration agreement Wider Arctic focused on South Kara Sea protocol A leading German refining partnership via 50:50 ROG JV Exploration offshore Sakhalin Interna
Slide 4: Strategic Alliance: Key Points – Major Arctic Project
Strategic Alliance: Key Points Major Arctic Project • Creation of a world-class joint exploration program in the Russian South Kara Sea, one of the most prospective unexplored basins in the world − BP and Rosneft will explore three licence areas (EPNZ-1, EPNZ-2 and EPNZ-3), − The area covers 125,000
Slide 5: Strategic Alliance: Key Points – Equity Swap
Strategic Alliance: Key Points Equity Swap • First major national oil company – international oil company cross- shareholding in the global oil and gas industry − BP will acquire a 9.5% stake in Rosneft − Rosneft in return will be issued new BP shares giving it a 5% stake − BP already has a 1.3% sha
Slide 6: Strategic Alliance: Key Points – Arctic Technology Centre & International Projects
Strategic Alliance: Key Points Arctic Technology Centre & International Projects • Formation of an Arctic technology centre − In cooperation with leading Russian and international research institutes − Focused on developing innovative technologies for the safe extraction of hydrocarbons from the Rus
Slide 7: The licence area can be compared to the UK North Sea
The licence area covered by BP and Rosneft agreement can be compared to the UK North Sea – both in size and potential UK Central & Northern North Sea to appx scale Add North Sea overlay to scale
Slide 8: A major step forward: a new model for the oil industry
A major step forward: a new model for the oil industry • This agreement is historic for the oil and gas industry and signals an enhanced alliance between BP and Rosneft • Consolidates and underpins BP’s position as the leading partner in the Russian oil industry while addressing Rosneft’s internatio
Slide 9: Notes
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