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BP — Baku Energy Week and Forum 2022
10 slides from BP's conference presentation, June 2022
Slide 1: Gary Jones, bp's regional president, Azerbaijan, Georgia, Turkey
Gary Jones, bp’s regional president, Azerbaijan, Georgia, Turkey Good morning, everyone. It’s great to see the Baku Energy Week and this Forum back after the two- year break. This event attracts so many people from around the world. And that’s because Azerbaijan today is an increasingly impo
Slide 2: The world is going through a momentous energy transformation
The world is going through a momentous energy transformation. It was triggered by the need to reduce carbon emissions and tackle climate change. However, it’s no longer just a climate story. The tragic events in Ukraine, soaring energy prices and increased cost of living have caused a global
Slide 3: Focusing on resilient hydrocarbons
gradually lower quantity. This means there is still a need for investing in oil and gas. As a company, we are focusing on resilient hydrocarbons - in other words, the barrels that will remain competitive when demand begins to decline. 2
Slide 4: Azeri Central East project in the Caspian
Confidential Our current hydrocarbons business in the Caspian perfectly fits this definition. For the past 30 years, we have been privileged to work with Azerbaijan and global partners to build a world-class energy infrastructure. And it can serve as a foundation for the next chapter of clean,
Slide 5: ACE designed to be lower carbon
we will sail them away to install offshore. ACE is designed to be lower carbon. It will be the first remotely operated offshore platform in the Caspian - its primary control room will be located at the Sangachal terminal. Most of its systems and tasks will be automated to reduce work-hours and
Slide 6: Shah Deniz and the Southern Gas Corridor
Resilient hydrocarbons also mean secure and reliable. Just like the Caspian gas, which has helped the security and diversity of supply for regional and European markets. This has been the primary objective of Shah Deniz and the Southern Gas Corridor since the start. Today, the Shah Deniz fie
Slide 7: Expansion opportunities for Shah Deniz and SGC
There are significant expansion opportunities for both projects. This giant gas value chain is designed as scalable so that its initial throughput capacity can be expanded if and when needed. We are currently working with SOCAR and other partners to see how we can increase gas supply to Europe
Slide 8: Azerbaijan's energy transition potential
World scale 7.5GW OSW by 2035 Decarbonized oil & gas Solar Offshore wind CCUS Hydrogen/Ammonia Bioenergy Geothermal Mobility Azerbaijan has come a long way in developing its energy industry. Thanks to its advanced infrastructure, strong partnerships and suitable conditions the country can get ah
Slide 9: Decarbonizing production and solar power plant in Jabrayil
hydrogen generation. Let me name a few, on which we are already in action. First, we are finding ways to decarbonize the existing oil and gas production. For example, we are working hard to eliminate routine flaring at our sites. We are installing methane detectors across our facilities to r
Slide 10: Energy transition and a new energy future
We are going through an energy transition. This transition is about clean, affordable and reliable energy the world demands. Azerbaijan has vast energy potential. And that’s why it is uniquely placed to get ahead in this transition and build a new energy future. We believe this future will