Track record Advantaged oil portfolio and growth Murray Auchincloss CFO, Upstream Starlee Sykes Regional President, Gulf of Mexico and Canada BP UPSTREAM INVESTOR DAY AND FIELDTRIP
Oil growth underpinned Gulf of Mexico North Sea Thunder Horse Mad Dog Atlantis Na Kika Operated by others Shetland Central North Sea Aker BP Operated by others E&A options E&A options 500 mboed 300 mboed 0 0 2010 2015 2020 2025…
Gulf of Mexico safely growing a high margin business Safety and environment core value Top producer in the Gulf of Mexico Houston High quality assets with room to grow Mars Na Kika Thunder Horse Olympus Ursa Track record of…
Gulf of Mexico - building a competitive business Production Plant reliability1 Unit production costs Capital efficiency example mboed % /boe m 400 100 10% 20 120 60% 60% 40% 0 0 0 0 2013 2018 2013 2018 2013 2018 2014 Thunder…
Mad Dog developing a Miocene giant Production 2.7bn boe Net estimated HCIIP1 125mboed 3x 4% Recovered2 0 2013 2017 2021 2025 Future options North West Water Injection New hub: Mad Dog 2 - Argos Strong capital efficiency…
Atlantis field within a field Production 1.7bn boe Net estimated HCIIP1 ILX 25% 75mboed 11% Recovered2 0 2013 2017 2021 2025 Future options Phase 3 (new field) Infrastructure Led Exploration Technology driven growth 4D…
Thunder Horse maintaining cash engine at full capacity Production 2.9bn boe Net estimated HCIIP1 ILX 125mboed 10% Recovered2 0 2013 2017 2021 2025 Future options South drill-out South Shallow (new field) Sustain…
Na Kika renewing a high profitability hub Production 0.7bn boe Net estimated HCIIP1 ILX 29% Recovered2 75mboed 2x 0 2013 2017 2021 2025 Future options Isabela & Ariel Infill Additional ILX opportunities Agile working…
Angola decline but increasing potential Production Offshore plant reliability1 Unit production costs mboed % /boe 100 15 DR CONGO Block 31 Block 15 Block 17 Block 18 ANGOLA Block 20 0 0 2013 2018 2013 2018 est…
Azerbaijan sustaining a material business with significant exploration opportunity Production Offshore plant reliability1 Unit production costs mboed % /boe Base New projects 100 10 Exploration options 100 D230 30%…
North Sea back to growth Production Offshore plant reliability1 Unit production costs mboed % /boe Base New projects 100 30 Aker BP Exploration options 300 10% 50% Clair Ridge 50% Foinaven Clair Schiehallion Andrew…
Intentionally blank BP UPSTREAM INVESTOR DAY AND FIELDTRIP 12
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