DDRAFT Mike Daly Executive Vice President, Exploration
Operational momentum regained Strategy and implementation Strategy refreshed; spend doubled; reorganised to deliver with efficiency Exploration delivery 10 completions, up to further 8 expected in 2013 3 discoveries announced so far…
Reloading completed; its now about execution Access volumes Direct access Exploration Steady state target 2013F 2014F 2015F 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Exploration wells (gross) 20…
Conventional exploration: leading positions Offshore net acreage of key international competitors in selected basins(1, 2) Arctic(3) Top 3 by basin in km2 XOM BP ENI Nova Scotia BP net acreage (km2) 40,000 Libya Egypt 140,000 GoM…
Exploration delivery: India gas discoveries Multi-tcf gas condensate accumulation 155m hydrocarbon column: flowed at 31mmscfd(1) and 2,121bcpd(2) Field appraisal programme underway: MJ-A1 well spudded in September A further gas…
Exploration delivery: East Nile Delta gas discovery Salamat well encountered two independent hydrocarbon columns in excess of 180m and 150m respectively Establishes presence of hydrocarbons within a 50km long structure with…
Resource progression: Trinidad seismic acquisition Columbus Basin seismic survey designed to progress resources and discover new segments in existing and future major gas fields 1,000km2 high density ocean bottom data first…
Project 20K Major technology project designed to progress 20 kpsi(1) resources Collaboration with contractors, vendors, regulators and universities expected Key system defined by end 2013 Front End Engineering Design begins…
Unconventional gas: Oman Block 61 Extensive appraisal applying BPs technology in 3D Block 61 seismic and tight gas production N Heads of Agreement reached in May 2013, defined terms for initial project and next appraisal phase On…
DDRAFT Jonathan Evans Vice President, Access
Access sustained: Atlantic Margin theme Built material new positions around the Atlantic Margin Nova Scotia Angola pre-salt Brazil Uruguay Norway West Barents Exploring for new oil plays through the themes of Cretaceous deltas…
Canada Nova Scotia Nova Scotia Seabed oil seeps A Salt A 0 100km Gulf of Mexico Significant access (14,000km2) in an unexplored deepwater province Frontier exploration Confirmed reservoir on shelf and salt…
The Arctic Alaska North Slope Siberian shelf(1) 6,097km2 188,176km2 340 Blocks 3 Blocks BP 42% equity BP 13% equity East Siberia(1) 251,832km2 3 Blocks BP 13% equity Canadian Arctic N Kara Sea(1) 14,199km2 196,000km2 63 Blocks 1…
Shale portfolio: from US to global focus Significant portfolio of US shale plays; 25% of BPs total US 80 BP US Shale Production onshore production 60 Integration across subsurface, drilling and completions is mboed essential in…
Exploration project efficiency Exploration efficiency 2007 to 2013 Sunbury Prospect Inventory Headcount growth growth (risked boe) Houston Prioritised project work 2013 Future Work Resource appraisal Current Work…
The take aways BPs exploration portfolio is reloaded: the right components in place Material positions: large prospects, key technologies and valuable terms Momentum is back in drilling: 5 year programme outlined Seeing success in…
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