Presentation slides and script (pdf, 2.6MB) | Investors - BP

More documents

Recommendations

Info

This is a brief round-up on a geographical basis, looking at four key regions that willunderpin growth in operating cash flow.In the Gulf of Mexico, we have completed the major brownfield replacement of thehurricane-damaged Mad Dog Rig, which means we now have eight rigs operating. Afurther rig, which we expect to have drilling on Atlantis by year end, is on locationundergoing acceptance testing. That’s the highest number of rigs engaged in drillingoperations in the Gulf since 2010.The Atlantis North Expansion – which started up in 2Q - is showing initial strongreservoir performance and production.The Mars B platform was installed in 3Q and work on the tension leg platform rig andcommissioning activities for the topsides and subsea commissioning are progressingwell. Na Kika 3 is on track for start-up in early 2014 and drilling operations are nearcompletion, while turnarounds on three of our four hubs are now complete.In Angola, our Greater Plutonio asset has continued to show strong plant efficiency,averaging 95% year-to-date, while PSVM has ramped up to over 124 thousand barrelsper day. Angola LNG has now lifted its fourth cargo following the 2Q start-up.In the North Sea, Skarv is ramping up well, with production averaging over 148thousand barrels of oil per day, the offshore construction of Kinnoull is progressingwell with all of the topsides under-deck work having been completed and the finalsubsea tie-ins underway, and we have completed seven of the nine scheduledturnarounds.Finally in Azerbaijan, in August, we announced gas contracts for over 10 billion cubicfeet per annum over 25 years to nine different European gas buyers, via what we call 23
the Southern Gas Corridor, an important part of the value chain formonetising the future Shah Deniz Phase 2 gas development.As previously mentioned, we are making good progress with theChirag Oil Project, with the platform jacket set and the topsides safelyinstalled in September. Focus has now turned to the commissioningactivities in preparation for start-up around the end of the year.So in summary, during 3Q we have continued to deliver what we saidwe would in the Upstream - across exploration and access, projects,wells and operations. Our key regions continue to deliver a pipeline ofopportunities that, together with the rest of the portfolio, are set todrive a sustainable growth in operating cash flow.23
Page 2 and 3: Hello and welcome everyone. This is
Page 4 and 5: Thanks Jess and welcome everyone -
Page 6 and 7: So today’s agenda, will follow a
Page 8 and 9: Starting with an overview of the th
Page 10 and 11: −−Higher liquids realisations a
Page 12 and 13: In the Downstream, the third quarte
Page 14 and 15: ThechargefortheGulfofMexicoprovisio
Page 16 and 17: Moving now to cash flow, this slide
Page 18 and 19: This slide outlines our financial f
Page 20 and 21: First an update on the status of le
Page 22 and 23: In regard to Russia, as Rosneft not
Page 24 and 25: Moving on, let me update you on pro
Page 26 and 27: Our Global Projects Organisation co
Page 30 and 31: Now turning to the Downstream.24
Page 32 and 33: The Whiting refinery has continued
Page 34 and 35: These are all examples of the way w

Presentation slides and script (pdf, 2.6MB) | Investors - BP

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?