AKER BP ASA Pareto Securities 24th annual Oil & Offshore Conference Karl Johnny Hersvik, CEO September 13, 2017
COMPANY SNAPSHOT Aker BP ASA at a glance Net production 2P reserves 711 million boe Strong cash flow 1,000 boe per day Per 31.12.2016 USD million CFFO** CFFI Dividend 145 143 504 118 Alvheim area, 120 468 379 Ivar Aasen 63…
STRATEGIC AMBITION Create the leading offshore independent E&P company Always prioritise safety Safety Become the A focused portfolio on the NCS Focused Cost leading cost and capital leading offshore independent E&P…
AKER BP ASA Strategic toolbox Execute Reorganising the value chain Be at the forefront for with strategic partnerships and alliances digitizing E&P Safety Improve Value chain based on a shared Flexible business model…
AKER BP ASA Working together with suppliers through strategic partnerships Volund infill project subsea alliance Project delivery model targeting to reduce engineering Zero incidents hours per ton platform by 50% and a 25% reduction…
DIGITALIZATION Working towards our vision of a fully digitized value chain Testing concrete use cases on new data platform and progressing key digital initiatives Surveillance Optimization Remote operations Ivar Aasen End-user &…
AKER BP ASA Flow efficiency embedded in operational strategy Develop flow efficient Continuously learn 1 value streams 2 Visualize progress control 3 and improve MAXIMIZE FLOW A P C D Our value streams deliver what the…
AKER BP ASA A company set up for growth Illustrative organic production potential, mboepd net Generating cash from diversified asset base 300 Sanctioned projects have potential to deliver after-tax Sanctioned operating cash flow*…
AKER BP ASA Great savings are possible, but requires a new way of thinking Illustrative project economics (USD/boe) Leveraging extensive improvement agenda and lean Development cost1 (USDbn) Break-even (USD/boe) initiatives to…
OUTLOOK Closing remarks Efficient and safe operations Execute Sanction projects at 35 USD/boe Harstad Skarv Leading on cost efficiency Safety Sandnessjen Improve Structurally change the way we work through alliances,…