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1 Shah Deniz Alpha, Azerbaijan Shah Deniz Alpha, Azerbaijan 1 AGT 25 years of success Azeri Chirag Gunashli (ACG) giant field Shah Deniz (SD) giant field ACG PSA until 2024 with Shah Deniz PSA allows for potential renewal extension until 2048 STOIIP ~16bn bbls STOIIP ~9.4bn boe >3 billion barrels of oil produced >2.7 trillion cubic feet of gas and since 1997 >156 million barrels of condensate produced Sangachal terminal capacity Major pipelines capacity Other key facts 25,000+ people Baku Tbilisi Ceyhan South Caucasus pipeline $64+ billion 1.2 million barrels of oil/day and involved in pipeline capacity 1.2 had19.9 million cubic gross total 41.5 mmscm of gas/day operations and million barrels/day metres of gas/day in 2016 investment projects Note: All numbers quoted on the slide are gross 2 2 Track record of developing and operating giant oil/gas fields Shah Deniz Alpha West Chirag West Azeri First production First production First production Sangachal Terminal November 2006 January 2014 December 2005 First operations October 1997 Deepwater Gunashli Central Azeri Istiglal 1 First production Dada Gorgud 1 First production BTC 2006 Drilling rig April 2008 Drilling rig February 2005 WREP 1998 SCP 2006 Shah Deniz Bravo East Azeri Chirag Planned production First production 2 First production 2018 Heydar Aliyev November 2006 Drilling rig November 1997 Notes: 1 Istiglal and Dada Gorgud drilling rigs are operated by Caspian Drilling Company 2 Heydar Aliyev drilling rig is operated by Maersk 3 3 BP’s position in Region Diverse portfolio: • Giant oil and gas/condensate fields TbilisiTbilisi • Oil and gas pipelines WesternWestern Route SupsaSupsa ExportExport Pipeline • Exploration prospects SangachalSangachal terminal Baku BakuBaku--TbilisiTbilisi--Ceyhan ACG pipelinepipeline SouthSouth CaucasusCaucasus ACG PipelinePipeline SWAP Shah Deniz Key oil & gas assets in the ErzurumErzurum Shafag-Asiman Region are operated by BP CeyhanCeyhan OilOil field field Oil pipelines GasGas field field Gas pipelines ExplorationExploration BOTAS operated 4 Co-venturers’ interests in BP-operated projects in Azerbaijan Azeri-Chirag-Deepwater 35.8% 30.1% Baku-Tbilisi-Ceyhan (BTC) Gunashli (ACG) BP AzBTC 11.6% 25.0% Chevron Statoil BP SOCAR 2.4% TPAO Total 2.7% 11.3% Chevron INPEX 2.5% 4.3% 2.5% Eni ITOCHU Statoil ExxonMobil 3.4% 8.9% 6.8% INPEX CIECO 5.0% 11.0% TPAO ITOCHU 8.7% 8.0% 5.0% ONGC 8.6% ONGC 6.5% 10.0% 28.8% Shah Deniz / South Shafag-Asiman and SWAP Caucasus Pipeline (SCP) BP 19.0% BP AzSD 50.0% 50.0% SOCAR 6.7% TPAO Petronas 10.0% LUKOIL NICO 15.5% 10.0% SGC 5 The Southern Gas Corridor SLOVAKIA AUSTRIA HUNGARY SLOVENIA ROMANIA CROATIA BOSNIA SERBIA HERZEGOVINA BLACK SEA MONTENEGRO BULGARIA CASPIAN GEORGIA SEA ALBANIA F.Y.R.O.M. ITALY AZERBAIJAN GREECE TURKEY Shah Deniz Field MEDITERRANEAN SEA South Caucasus Pipeline Expansion (SCPX) Trans Anatolian Pipeline (TANAP) Trans Adriatic Pipeline (TAP) Interconnector Greece Bulgaria (IGB) 6 Co-venturers’ interests in NOJVs TANAP and TAP (part of Southern Corridor) 58% TANAP 5% TAP 20% 16% SOCAR SOCAR BP BOTAS Snam 12% 19% 20% BP Fluxys Enagas 30% 20% Axpo 7 A world-scale series of mega-projects of geopolitical significance Drilling and Shah Deniz 2 Sangachal Terminal Marine & Subsea Offshore facilities Expansion Southern Caucasus Trans-Anatolian Pipeline Trans-Adriatic Pipeline Pipeline Expansion 8 8 Southern Gas Corridor Beyond 2020 - future growth Giant field extension and growth D230 • Shah Deniz • ACG New Exploration • Shallow Water Absheron Peninsula (SWAP) - oil • Shafag Asiman - gas ACG • D230 block – MOU is signed SWAP Infrastructure Shah Deniz • Unlocking future gas potential for the Southern Gas Corridor Shafag Asiman 10.
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