Extracting Heavy Crude Oil from a Delicate Environment Presents Multiple Challenges for Perenco
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BP Code of Conduct – English
Our Code Our responsibility Code of Conduct Guiding you to make the right decisions Our values and behaviours are the foundation of our Code What we value Safety Safety is good business. Everything we do relies upon the safety of our workforce and the communities around us. We care about the safe management of the environment. We are committed to safely delivering energy to the world. Respect We respect the world in which we operate. It begins with compliance with laws and regulations. We hold ourselves to the highest ethical standards and behave in ways that earn the trust of others. We depend on the relationships we have and respect each other and those we work with. We value diversity of people and thought. We care about the consequences of our decisions, large and small, on those around us. Excellence We are in a hazardous business and are committed to excellence through the systematic and disciplined management of our operations. We follow and uphold the rules and standards we set for our company. We commit to quality outcomes, have a thirst to learn and to improve. If something is not right, we correct it. Courage What we do is rarely easy. Achieving the best outcomes often requires the courage to face difficulty, to speak up and stand by what we believe. We always strive to do the right thing. We explore new ways of thinking and are unafraid to ask for help. We are honest with ourselves and actively seek feedback from others. We aim for an enduring legacy, despite the short-term priorities of our world. -
The West African Oil & Gas Market 2013-2023
The West African Oil & Gas Market 2013-2023 Table 4.28 Exploration Fields that Gabon Oil Company is Involved in Fields Operator MAGHENA Addax AGALI Anadarko NKANI Atas E2 Eni D3 Eni D4 Eni F2 Eni F3 Eni F7 Eni EPAEMENO GGPC EOV GGPC DUSSAFU Harvest ETEKAMBA Maurel & Prom OMOUEYI Maurel & Prom NYANGA MAYOMBE Maurel & Prom KARI Maurel & Prom MOABI MPDC NGUMA MPDC SHAKTHI Oil India MBELI Ophir Gabon NTSINA Ophir Gabon MANGA Ophir Gabon GNONDO Ophir Gabon NZIEMBOU Perenco OGUEYI Perenco DE 7 Perenco AROUWE Perenco DUSSAFU Sasol IGOUMOU MARIN Shell Gabon BC9 Shell Gabon BCD10 Shell Gabon SALSICH Sino Gabon LOTUS Sinopec MBINDA Total Gabon ALOUMBE Total Gabon DIABA Total Gabon AZOBE Tullow Oil AKOUM Tullow Oil KIARSSENY Tullow Oil Source: Gabon Oil Company 4.7.5.3 Prospects for Pre-Salt Development As with Angola and several other West African countries, the rapid development of Brazil’s pre-salt formations has sparked considerable interest in the prospects for Gabon’s pre-salt regions, which were part of the same prehistoric supercontinent, Pangea. Gabon’s pre-salt regions had been www.visiongain.com Page 99 The West African Oil & Gas Market 2013-2023 4.8 Republic of the Congo Oil & Gas Market Forecast 2013-2023 Table 4.31, Figure 4.32 and Figure 4.33 show visiongain’s forecast for Republic of Congo’s oil & gas market over the next ten years. Table 4.31 Republic of the Congo Oil & Gas Market Forecast 2013-2023 ($bn, AGR %, CAGR%, Cumulative) 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2013-23 Capex $bn 1.55 1.70 2.57 4.15 4.55 2.70 2.50 1.80 1.87 2.10 2.40 2.80 29.14 AGR (%) 9.8 50.9 61.6 9.6 -40.7 -7.4 -28.0 3.9 12.3 14.3 16.7 CAGR (%) 2013-18 8.0 2018-23 2.3 CAGR (%) 2013-23 5.1 Source: Visiongain 2013 Figure 4.32 Republic of the Congo Oil & Gas Market Forecast 2013-2023 ($bn, AGR%) 5.0 80% 4.5 60% 4.0 3.5 40% 3.0 20% 2.5 $Bn AGR 0% 2.0 1.5 -20% 1.0 -40% 0.5 0.0 -60% 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Year Source: Visiongain 2013 www.visiongain.com Page 103 The West African Oil & Gas Market 2013-2023 6. -
19-1189 BP PLC V. Mayor and City Council of Baltimore
(Slip Opinion) OCTOBER TERM, 2020 1 Syllabus NOTE: Where it is feasible, a syllabus (headnote) will be released, as is being done in connection with this case, at the time the opinion is issued. The syllabus constitutes no part of the opinion of the Court but has been prepared by the Reporter of Decisions for the convenience of the reader. See United States v. Detroit Timber & Lumber Co., 200 U. S. 321, 337. SUPREME COURT OF THE UNITED STATES Syllabus BP P. L. C. ET AL. v. MAYOR AND CITY COUNCIL OF BALTIMORE CERTIORARI TO THE UNITED STATES COURT OF APPEALS FOR THE FOURTH CIRCUIT No. 19–1189. Argued January 19, 2021—Decided May 17, 2021 Baltimore’s Mayor and City Council (collectively City) sued various en- ergy companies in Maryland state court alleging that the companies concealed the environmental impacts of the fossil fuels they promoted. The defendant companies removed the case to federal court invoking a number of grounds for federal jurisdiction, including the federal officer removal statute, 28 U. S. C. §1442. The City argued that none of the defendants’ various grounds for removal justified retaining federal ju- risdiction, and the district court agreed, issuing an order remanding the case back to state court. Although an order remanding a case to state court is ordinarily unreviewable on appeal, Congress has deter- mined that appellate review is available for those orders “remanding a case to the State court from which it was removed pursuant to section 1442 or 1443 of [Title 28].” §1447(d). The Fourth Circuit read this provision to authorize appellate review only for the part of a remand order deciding the §1442 or §1443 removal ground. -
BP Plc Vs Royal Dutch Shell
FEBRUARY 2021 BP plc Vs Royal Dutch Shell 01872 229 000 www.atlanticmarkets.co.uk www.atlanticmarkets.co.uk BP Plc A Brief History BP is a British multinational oil and gas company headquartered in London. It is one of the world’s oil and gas supermajors. · 1908. The founding of the Anglo-Persian Oil Company, established as a subsidiary of Burmah Oil Company to take advantage of oil discoveries in Iran. · 1935. It became the Anglo-Iranian Oil Company · 1954. Adopted the name British Petroleum. · 1959. The company expanded beyond the Middle East to Alaska and it was one of the first companies to strike oil in the North Sea. · 1978. British Petroleum acquired majority control of Standard Oil of Ohio. Formerly majority state-owned. · 1979–1987. The British government privatised the company in stages between. · 1998. British Petroleum merged with Amoco, becoming BP Amoco plc, · 2000-2001. Acquired ARCO and Burmah Castrol, becoming BP plc. · 2003–2013. BP was a partner in the TNK-BP joint venture in Russia. Positioning BP is a “vertically integrated” company, meaning it’s involved in the whole supply chain – from discovering oil, producing it, refining it, shipping it, trading it and selling it at the petrol pump. BP has operations in nearly 80 countries worldwide and has around 18,700 service stations worldwide. Its largest division is BP America. In Russia, BP also own a 19.75% stake in Rosneft, the world’s largest publicly traded oil and gas company by hydrocarbon reserves and production. BP has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. -
UK/Netherlands SNS Hackathon Output Report
UK/Netherlands SNS Hackathon Output Report April 2019 Contents Foreword ............................................................................................................................................................. 3 Executive Summary ............................................................................................................................................. 4 Introduction ......................................................................................................................................................... 4 How Does a Hackathon Event Work? ................................................................................................................... 5 Findings ............................................................................................................................................................... 6 Operator Challenges ............................................................................................................................................ 7 Operator 1: Shell .......................................................................................................................................... 7 Operator2: Oranje Nassau Energie B.V. ........................................................................................................ 8 Operator 3: Spirit Energy .............................................................................................................................. 9 Operator 4: Neptune Energy ...................................................................................................................... -
FTSE Factsheet
FTSE COMPANY REPORT Share price analysis relative to sector and index performance Argos Resources ARG Oil Gas and Coal — GBP 0.03 at close 16 April 2021 Absolute Relative to FTSE UK All-Share Sector Relative to FTSE UK All-Share Index PERFORMANCE 21-Apr-2015 1D WTD MTD YTD Absolute - - - - Rel.Sector - - - - Rel.Market - - - - VALUATION Data unavailable Trailing PE -ve EV/EBITDA -ve PB 0.2 PCF +ve Div Yield 0.0 Price/Sales - Net Debt/Equity -ve Div Payout 0.0 ROE -ve DESCRIPTION Data unavailable The principal activity of the Group is that of oil and gas exploration. Past performance is no guarantee of future results. Please see the final page for important legal disclosures. 1 of 4 FTSE COMPANY REPORT: Argos Resources 16 April 2021 Valuation Metrics Price to Earnings (PE) EV to EBITDA Price to Book (PB) 31-Mar-2021 31-Mar-2021 31-Mar-2021 100 ‖ ‖ 1 0.8 0.9 0.7 80 0.8 +1SD 0.7 0.6 60 0.6 0.5 +1SD 0.5 40 Avg 0.4 0.4 Avg 0.3 0.3 20 0.2 0.2 -1SD 0.1 -1SD 0 ‖ ‖ ‖ ‖ 0 ‖ ‖ ‖ ‖ 0.1 Apr-2016 Apr-2017 Apr-2018 Apr-2019 Apr-2020 Apr-2016 Apr-2017 Apr-2018 Apr-2019 Apr-2020 Apr-2016 Apr-2017 Apr-2018 Apr-2019 Apr-2020 Petrofac 5.8 Energean 73.2 Energean 2.0 Harbour Energy PLC -0.2 BP 45.5 Lamprell 1.3 EnQuest -0.6 Hunting 31.5 Diversified Gas & Oil 1.2 Tullow Oil -0.7 Diversified Gas & Oil 11.3 BP 1.1 Lamprell -1.4 Oil Gas and Coal 9.5 Oil Gas and Coal 1.1 Oil Gas and Coal -5.2 Tullow Oil 7.9 Cairn Energy 1.0 Cairn Energy -9.4 Harbour Energy PLC 2.8 Pharos Energy 0.3 Wood Group (John) -10.4 Pharos Energy 1.5 Argos Resources 0.2 Argos Resources -17.2 -
Petrofac Limited
Petrofac Limited INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 30 June 2020 Petrofac Limited CONTENTS Group financial highlights 2 Business review 3 Interim condensed consolidated income statement 15 Interim condensed consolidated statement of comprehensive income 16 Interim condensed consolidated balance sheet 17 Interim condensed consolidated statement of cash flows 18 Interim condensed consolidated statement of changes in equity 19 Notes to the interim condensed consolidated financial statements 20 Appendices 40 Statement of Directors’ responsibilities 46 Shareholder information 47 US$2,103 million US$129 million Revenue EBITDA 1,2 Six months ended 30 June 2019: US$2,821 million Six months ended 30 June 2019: US$305 million US$21 million US$(78) million Business performance net profit 1,3 Reported net loss 3 Six months ended 30 June 2019: US$154 million Six months ended 30 June 2019: US$139 million profit nil 6.2 cents Interim dividend per share Diluted earnings per share 1,3 Six months ended 30 June 2019: 12.7 cents Six months ended 30 June 2019: 44.9 cents US$(13) million US$29 million Free cash flow 4 Net debt Six months ended 30 June 2019: US$123 million At 31 December 2019: US$15 million net cash US$6.2 billion 14% Backlog 6 Return on capital employed 1,5 At 31 December 2019: US$7.4 billion 12 months ended 30 June 2019: 26% 1 Business performance before exceptional items and certain 4 Free cash flow is defined as net cash flows generated from re-measurements. This measurement is shown by Petrofac operating activities and investing activities, less interest paid and as a means of measuring underlying business performance. -
UKCS Technology Insights
UKCS Technology Insights April 2019 Unless identified elsewhere, all data is from the OGA UKSS 2017 and 2018 Cover photos: High frequency FWI image – courtesy of DownUnder Geosolutions using Capreolus 3D data from TGS Ocean bottom nodes – courtesy of Magseis Fairfield Riserless mud recovery – courtesy of Enhanced Drilling Carbon composite pipe – courtesy of Magma Global Contents Foreword 5 1. Seismic and exploration 22 Executive summary 6 2. Well drilling and completions 28 Operators’ technology plans 8 3. Subsea systems 34 Existing technologies for MER UK 12 4. Installations and topsides 40 Emerging technologies – MER UK priorities 14 5. Reservoir and well management 46 OGA’s technology stewardship 16 6. Facilities management 52 The Oil & Gas Technology Centre (OGTC) 18 7. Well plugging and abandonment 58 Technology plan feedback 21 8. Facilities decommissioning 64 Conclusions 70 Appendix - Technology spend 72 Image courtesy of Airbourne Oil & Gas Foreword I am pleased to see constant progress in the way our industry is OGTC, MER UK Taskforces and industry sponsors. A small maturing and deploying new technologies for the UK Continental technical team will be established to measure progress on all key Shelf (UKCS). This important effort is being supported by the objectives. Ultimately, these objectives will be followed up and coordinated work of the Oil and Gas Authority (OGA), the monitored through the OGA stewardship to further encourage Technology Leadership Board (TLB) and the Oil & Gas Technology uptake and share best practice. Centre (OGTC). There are huge prizes in reserves growth, production value and, This year’s Technology Insights summarises the rich content of most importantly, safe asset operation and life extension from the UKCS operators’ technology plans, submitted through the OGA use of current and new technologies. -
OSPAR Public Statement 2017
2018 OSPAR Public Statement 2017 PERENCO 3 Central Avenue | St Andrews Business Park Norwich | Norfolk | NR7 0HR OSPAR PUBLIC STATEMENT 2017 Document Control Page Revision Record DATE REV NO. DESCRIPTION PREPARED CHECKED APPROVED 01/06/18 Rev01 For Issue CP (Orbis) PS GN (Perenco) (Perenco) PERENCO I OSPAR PUBLIC STATEMENT 2017 Table of Content Document Control Page .......................................................................................................................... i Table of Content .................................................................................................................................... ii Executive Summary ................................................................................................................................ 2 1 Introduction ................................................................................................................................... 3 2 2017 UKCS Operations .................................................................................................................... 3 2.1 Production Assets .............................................................................................................................. 3 2.2 Other Offshore Operations ................................................................................................................ 7 3 PUK Safety and Environmental Management System ....................................................................... 8 3.1 The Environmental Policy ................................................................................................................. -
BP Transforms Its US Onshore Oil and Gas Business, Acquiring World-Class Unconventional Assets from BHP 26 July 2018
BP transforms its US onshore oil and gas business, acquiring world-class unconventional assets from BHP 26 July 2018 Acquisition accretive to earnings and cash flow, delivered within existing financial frame Company increases dividend for first time in 15 quarters Upgrades and repositions BP’s US onshore business Brings advantaged oil and gas assets in world-class basins Adds 190,000 boe/d production and 4.6 billion boe discovered resources Boosts liquids share of BP’s US onshore production and resources Offers growth into the next decade Creates significant value Accretive to earnings and cash flow on a per share basis Increases Upstream free cash flow target by $1 billion to $14-15 billion in 2021 Generates estimated pre-tax synergies of over $350 million a year Fully accommodated within existing financial frame Total cash consideration of $10.5 billion – 50% on completion, 50% deferred over six months Up to $5-6 billion of additional divestments planned to fund share buybacks of up to $5-6 billion over time Unchanged financial frame of $15-17 billion annual organic capital expenditure to 2021, and gearing of 20-30% BP transforms its US onshore oil and gas business, acquiring world-class unconventional assets from BHP Page | 1 Strong free cashflow outlook supports dividend rise for second quarter 2018 2.5% rise to 10.25c per ordinary share is first dividend increase since third quarter 2014 In a move that will upgrade and materially reposition its US onshore oil and gas business, BP has agreed to acquire a portfolio of world-class unconventional oil and gas assets from BHP. -
Oil Exploration and Production in Africa Since 2014 Evolution of the Key Players and Their Strategies
Notes de l’Ifri Oil Exploration and Production in Africa since 2014 Evolution of the Key Players and their Strategies Benjamin AUGÉ May 2018 Center for Energie Ifri is a research center and a forum for debate on major international political and economic issues. Headed by Thierry de Montbrial since its founding in 1979, Ifri is a non-governmental, non-profit organization. As an independent think tank, Ifri sets its own research agenda, publishing its findings regularly for a global audience. Taking an interdisciplinary approach, Ifri brings together political and economic decision-makers, researchers and internationally renowned experts to animate its debate and research activities. With offices in Paris and Brussels, Ifri stands out as one of the rare French think tanks to have positioned itself at the very heart of European and broader international debate. OCP Policy Center is a Moroccan policy-oriented think tank whose mission is to contribute to knowledge sharing and to enrich reflection on key economic and international relations issues, considered as essential to the economic and social development of Morocco, and more broadly to the African continent. For this purpose, the think tank relies on independent research, a network of partners and leading research associates, in the spirit of an open exchange and debate platform. By offering a “Southern perspective” from a middle-income African country, on major international debates and strategic challenges that the developing and emerging countries are facing, OCP Policy Center aims to make a meaningful contribution to four thematic areas: agriculture, environment and food security; economic and social development; commodity economics and finance; and “Global Morocco”, a program dedicated to understanding key strategic regional and global evolutions shaping the future of Morocco. -
OPEC Annual Statistical Bulletin 2019 1 Contents
2019 OPEC Annual Statistical Bulletin Organization of the Petroleum Exporting Countries 1965 – 2019 th edition 54 Team for the preparation of the OPEC Annual Statistical Bulletin Secretary General Editorial Team Chairman of the Editorial Board Head, Public Relations and Information Department Mohammad Sanusi Barkindo Hasan Hafidh Director, Research Division Editor Ayed S. Al-Qahtani Maureen MacNeill, Mathew Quinn Project Leader Coordinator, Design and Production Head, Data Services Department Carola Bayer Adedapo Odulaja Senior Production Assistant Coordinator, Statistics Team Diana Lavnick Hossein Hassani Graphic Designer Statistics Team Tara Starnegg Pantelis Christodoulides, Klaus Stöger, Mohammad Sattar, Mihni Mihnev, Justinas Pelenis, Ksenia Gutman Coordinator, IT Development Team Mohamed Mekerba IT Development Team Vedran Hrgovcic, Zairul Arifin Online Annual Statistical Bulletin 2019: asb.opec.org Download now: Smart App for OPEC Annual Statistical Bulletin iOS Android Questions on data Data queries: [email protected]. Advertising The OPEC Annual Statistical Bulletin now accepts advertising. For details, please contact the Head, PR and Information Department, at the following address: Organization of the Petroleum Exporting Countries Helferstorferstrasse 17, A-1010 Vienna, Austria Tel: +43 1 211 12/0 Fax: +43 1 216 43 20 Advertising: [email protected] Website: www.opec.org Photographs Courtesy OPEC. © 2019 Organization of the Petroleum Exporting Countries ISSN 0475-0608 Contents Foreword 5 Key messages 6 Tables Page Page Section