Capital discipline and productivity James Dupree Upstream COO, Developments and Technology David OConnor Upstream Head of Global Projects Organisation BP UPSTREAM INVESTOR DAY AND FIELDTRIP 1
Disciplined capital investment staying the course Upstream organic capital Upstream organic capital to 2021 bn bn 20 Exploration 15 LTO1 / Integrity 13-14bn 10 13-14bn Major projects per annum BPX Energy 5 0…
Disciplined capital investment right choices and strong execution Choices Control Execution Rigorous planning Chief Operating Officer Global wells Exploration forum Appraisal forum Global projects Technology leadership…
Execution competitive drilling and completion performance Drilling efficiency Completions Improved performance % top quartile offshore wells1 % non-productive time2 Atlantis Targeting 35% cost 80 35 reduction (2016-2019) Line of…
Delivering major projects 19 projects 500 mboed net Gross capital 100bn Major project start-ups: 2016 2017 2018 delivered online to date Net capital 30bn Alaska Point UK Thomson Quad 204 Russia Clair Ridge Taas Expansion US Gulf…
Execution - competitive projects performance Project costs Project schedule IPA1 ratio IPA1 ratio 1.5 1.5 1.2 1.2 2017 industry average 2017 industry average 0.9 0.9 0.6 0.6 0.3 0.3 0 0 2013 14 15 16 17 18 2013 14…
Project delivery whats next Transformation Next Mindset generation and concepts agility Remote operations Cypre, Trinidad Fast-paced tie-backs Gulf of Mexico and North Sea Supplier Digital Industry ecosystems…
Major projects on track BP net production from major projects 19 delivered, 16 to go operating construction appraise/design 2016 2017 2018 1,000 mboed In Salah Southern Fields West Nile Delta Atoll Phase 1 Taurus/Libra Thunder Horse…
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