BP plc · LSE:BP.

BP — Investor Day (2018)

8 slides from BP's investor day presentation, 2018

  1. Slide 1: Base and transformation

    Track record Base and transformation Gordon Birrell Upstream COO Production, Transformation and Carbon Leigh-Ann Russell Head of Upstream Procurement and Supply Chain Management Ian Cavanagh Head of Upstream Transformation BP UPSTREAM INVESTOR DAY AND FIELDTRIP 1

  2. Slide 2: Maximising the value of the base

    Track record Maximising the value of the base Alaska Russia Canada North Sea  Optimising base decline BPX Energy L48 AGT  Rigorously North Africa India managing cash costs Trinidad GoM  Enabled by our Asia Pacific transformation agenda Middle East Angola Latin America Cumulative production Remain

  3. Slide 3: Optimising base decline

    Track record Optimising base decline Managed base decline1 % 5  Managed base decline performance achieved through: Guidance 3 – 5%  Improving operating efficiency  Strong reservoir management  System modelling and optimisation  Improving wedge delivery  Base decline guidance now 3-5% excluding

  4. Slide 4: Optimising base decline – improving operating efficiency

    Track record Optimising base decline – improving operating efficiency Operating efficiency TARs1 – days and deferrals Improving trend in mature region and plant reliability North Sea performance % Annual % Plant reliability Operating efficiency TAR deferrals mboed TAR days Plant reliability Operatin

  5. Slide 5: Rigorously managing cash costs

    Track record Rigorously managing cash costs Production costs1 2017 cash costs summary $/boe BP (excl Rosneft) Competitor range Other BP costs (including labour, BPX Energy L48, gas trading) Third-party spend Operated by others (OBO) 2013 '14 '15 '16 '17 2018 est (1) Includes fuel gas; Competitor Ran

  6. Slide 6: Management of cash costs

    Track record Management of cash costs Alaska Gulf of Mexico Trinidad  Field wide  Aggregation of  Supplier collaboration standardisation of regional demand for on new technology and instrumentation data acquisition. new commercial models systems with a new Collaboration with for project commercia

  7. Slide 7: Rapid scale up of transformation in 2018

    Track record Rapid scale up of transformation in 2018 ~1,000 Over 1,300 continuous transformation projects Alaska improvement projects Plant Operations Advisor deployed in Gulf of Mexico and Angola Agility Mindset Digital  Nearly 3,000 people  Over 2,000 senior  7.5 petabytes now in trained leade

  8. Slide 8: Base and transformation – what's next?

    Track record Base and transformation – what’s next? Transformation Safety Mindset and agility Automation Transforming how we work Production Costs and toolkit efficiency Optimisation Digitisation and collaboration BP BPUPSTREAM UPSTREAMINVESTOR INVESTORDAY DAYAND ANDFIELD TRIP 8 FIELDTRIP

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