Presentation slides and script (pdf, 2.6MB) | Investors - BP
Presentation slides and script (pdf, 2.6MB) | Investors - BP Presentation slides and script (pdf, 2.6MB) | Investors - BP
The Whiting refinery has continued to bring units onstream during the third quarter.As previously announced, the crude unit started operations in 2Q, as planned. Sincethen, the gas oil hydrotreater, and the largest of two sulphur recovery units alongwith other supporting infrastructure have been commissioned.The Coker is planned to be brought online during November, as scheduled, and whencombined with the gas oil hydrotreater, significantly increases the ability of the plantto produce high yields of low sulphur fuels, from heavy, high sulphur, acidic crudes.Once the coker is online, we expect the refinery to begin a three month progressivetransition to heavy feedstock, reaching full run-rate capacity during in the first quarterof next year. The revamp of a small number of complementary existing units will alsotake place in 1Q.This major investment transforms Whiting into one of the key advantageddownstream assets in our portfolio and underpins the ability to deliver increased cashflow in 2014.26
And so to summarise, this was another quarter of moving ahead.We have recently launched operations such as PSVM in Angola and Skarv in theNorth Sea that are now producing strongly.We have projects gearing up to start up soon, such as the Chirag Oil Project, inAzerbaijan.We have future operations taking shape very well – such as Clair Ridge, also in theNorth Sea.AndweareseedingtheportfolioofthefuturewithdiscoveriessuchasthoseinIndia,Egypt and Angola.All of this Upstream activity is accompanied by a Downstream that continues toperform well in a tough climate and nears completion of the major upgrade at theWhiting refinery.27
- 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 28 and 29: This is a brief round-up on a geogr
- Page 30 and 31: Now turning to the Downstream.24
- Page 34 and 35: These are all examples of the way w
And so to summarise, this was another quarter of moving ahead.We have recently launched operations such as PSVM in Angola <strong>and</strong> Skarv in theNorth Sea that are now producing strongly.We have projects gearing up to start up soon, such as the Chirag Oil Project, inAzerbaijan.We have future operations taking shape very well – such as Clair Ridge, also in theNorth Sea.AndweareseedingtheportfolioofthefuturewithdiscoveriessuchasthoseinIndia,Egypt <strong>and</strong> Angola.All of this Upstream activity is accompanied by a Downstream that continues toperform well in a tough climate <strong>and</strong> nears completion of the major upgrade at theWhiting refinery.27
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