Andy Inglis Dallas, October 10, 2005 SPE ATCE Chairmans Address

1
Andy Inglis Dallas, October 10, 2005SPE ATCE
Chairmans Address

• The role of technology in securing sustainable
  clean energy

2
energy security role of technology

• focused technology leadership
• moving the technical limit
• leveraging knowledge
• applying at scale

3
focused technology leadershipadvanced seismic
imaging
Autonomous Ocean Bottom Seismic Sensors New
seismic acquisition hardware - collaboration with
Fairfield Industries
Novel Seismic Acquisition
First of a kind wide azimuth towed streamer
survey in 2005. Multi-boat acquisition with
Veritas
Complex Salt
Innovative Seismic Processing Combine in-house
expertise and contractor capability to deliver at
scale
Standard Narrow Azimuth Acquisition
BP Wide Azimuth Acquisition
Z3000
Poor, variable illumination
Superior, uniform illumination
4
energy securityreplacing reserves
BP reserves replacement ratio (3yr rolling
average)
Replacement ratio extensions and discoveries
average 2000-04
200
1.4
BP
1.2
150
1.0
Total
0.8
100
0.6
CVX
Shell
0.4
50
XOM
0.2
0
0.0
0
1
2
3
4
96
97
98
99
00
01
02
03
04
finding cost (/boe)
Source company reports subsidiaries only
5
moving the technical limitextending the drilling
envelope
Lateral (k ft)
0
10
20
30
40
0
5
1995
A18
10
Amberjack A32
2000
2005
15
Vertical (k ft)
20
Wytch Farm
25
Thunder Horse
GoM Exploration
30
35
6
leveraging expertise

• Sharjah Coiled Tubing Drilling
• Pioneering technology developed in Alaska
• Successfully transferred from Alaska to Middle
  East
• 140 sidetracks drilled from 32 wells to date

BP acquisition
Daily Production (mboed)
Jan-65
Jan-70
Jan-75
Jan-80
Jan-85
Jan-90
Jan-95
Jan-00
Jan-05

• Cerro Dragon
• Application of BPs seismic, reservoir
  description, petrophysics and waterflood
  expertise resulting in
• proved reserves up 70
• production rate more than doubled

7
applying at scaledeveloping the ACG field
Baku-Tbilisi-Ceyhan (BTC) Pipeline
Azeri, Chirag, Gunashli (ACG) Field
Sangachal
Gunashli
Chirag
West Azeri (WA)
Central Azeri (CA)
East Azeri (EA)
Elevation
Innovation through Standardisation

• Worlds longest oil pipeline, traversing three
  countries, 14 seismic faults and gt1500
  watercourses
• One of the largest oil terminals in the world
• Well, platform and facilities infrastructure to
  deliver gt1 million barrels of oil per day

Direct Engineering Costs ()
Construction Cycle Time
8
sustainable energy supply CO2 capture and
storage at In Salah
9
sustainable energy supplyhydrogen power station
Demonstration plant in Peterhead, Scotland
10
mutual advantage

• collaborative research and development
• partnerships with academia
• building local capability

11
mutual advantangepartnerships with academia

12
mutual advantage - building local
capabilityTrinidad and Tobago Cannonball
platform
La Brea, October 2003
La Brea, February 2005
13
Andy Inglis Dallas, October 10, 2005SPE ATCE
Chairmans Address

• The role of technology in securing sustainable
  clean energy