80 bbl 60 bbl 1/3 production sharing agreements Financial framework cash balances capital discipline
free cash 2014 2018
gulf of mexico 2011 2012 2014 $32bn billion divestments operating cash margins point plan
base management exploration appraisal giants fields cost discipline
gas value chains deepwater oil existing assets pre-fid post-fid major projects contribution 2020 operating cash flow angola north sea gulf of mexico azerbaijan
alaska canada lower 48 gom gulf of mexico angola PAe production operating cash flow north africa egypt asia pacific azerbaijan middle east india trinidad boe
Net Production Appraisal Design Construction Operating mboed 2014 2015 2016 2017 2018 2019 2020 Chirag oil Thunder horse water injection Western Flank A Juniper Snadd
boe $ 2011 2014 2015 2020 Average post tax operating cash flow Pike 1 Sunrise 2 Quad 204 West nile Delta Western Flank A Juniper Thunder Horse Water Injection Mad dog 2 Segment Average New Projects
New projects mmboed mboed 2020 Balanced Portfolio opportunities
2014 lower 48 unconventional gas oman and trinidad gas canadian oil sands technology unlocked resources conventional oil deepwater unconventional conventional bp resources 2014 discovery unconventional appraisal map 2020
stacked chart Robust Pipeline production from exploration delivery mboed Core and frontier Resource Appraisal and near field long term regions International unconventional Balanced Exploration 2020 2022 2024 2026 2028 2030
resources and exploration 2013 2014 growth underlying production growth portfolio opportunities
line chart driving cost efficiency Unit production cost boe $ supermajors 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Material Impact Sustainable
Gas strategy operating cash flow Lower cost resources commercial and technical capability type prices geography LNG Business competitive returns
alaska lower 48 trinida operating cash flow north africa oman indonesia australia india 2014 2024 double operating cash flow
US lower 48 onshore David Lawler
eagle ford east texas san juan mid-continent mid continent gross acres boe resource boe bn 2015 capex capital expenditure david lawler ceo moving appropriate api onshore standards contingent proved probable reserves 2014 production mboed
460,000 gross acres 190,000 net 41 % working interest boe 4000 potential locations high quality stacked pay stacked-pay resources bp subsurface lewis integrated operations 150-200 wells in 2015 2014 type curve 2012 type curve average…
800,000 gross acres 540,000 bp net 68 % working interest boe high quality resources flat production with minimal capital investments over the previous 2 years interest in > 8000 wells adding 2 two rigs in 2015 potential for > 1000 new…
mid-continent - andarko, arkoma, fayetteville oil rich region with years of high return wells 2.8 million gross acres 1.2 million bp net 43 % working interest bn boe resource liquids-rich basin stacked-pay interest in 9,100 active wells…
net production from new projects 2020 capital flixibility base operations well execution Production and operating cash flow 900 mboed
resource progression execution in the base projects gas