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Azerbaijan Strategic Performance Unit Sangachal Terminal Presentation

Azerbaijan Strategic Performance Unit Sangachal Terminal Presentation. BP Azerbaijan Strategic Performance Unit. July, 2009. Azerbaijan Country Context. Area 86,600 km 2 (33,774 sq miles) Population 8.5 million.

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Azerbaijan Strategic Performance Unit Sangachal Terminal Presentation

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  1. Azerbaijan Strategic Performance Unit Sangachal Terminal Presentation BP Azerbaijan Strategic Performance Unit • July, 2009

  2. Azerbaijan Country Context • Area 86,600 km2 (33,774 sq miles) • Population 8.5 million • Oil history – Famous Azerbaijan Oil Firsts: • First oil well in the world was drilled (not dug by hand) • in 1848 in Baku in Bibi Heybat oil field • In 1897-1907 the 1st largest oil pipeline in the world was • built from Baku to Batumi - 883 km x 20 sm • In 1900 Azerbaijan produced more than 50% of world’s • oil – 11.4 million tons • About 80% of oil production during 2nd world war in • former USSR was made in Baku (peak production – 23,5 • million tons in 1941) • First offshore oil production in the world started in • Azerbaijan (1924 – Bibi Heybat beach, 1947 – Oily Rocks • in open sea)

  3. 150 year of hydrocarbon production

  4. BP and Co-Venturers’ Interests in Azerbaijan Projects

  5. BP and Co-Ventures' Interests in Azerbaijan Projects ACG BTC Chevron Itochu Hess 8.9% 3.9% 2.7% Devon Itochu StatoilHydro 8.7% 3.4% 5.6% 2.5% ConocoPhillips TPAO BP TPAO 6.7% 6.5% 34.1% ExxonMobil 25% SOCAR Alov 5% Total 8.0% Eni 5% StatoilHydro BP 2.5% Inpex 8.6% 15% Hess 2.4% Chevron SOCAR SOCAR 10.3% Inpex 10.0% BP 30.1% 40% 10.0% StatoilHydro 15% Shah Deniz SCPC ExxonMobil EnCana 15% TPAO StatoilHydro StatoilHydro BP 5% BP 10% 25.5% 25.5% 25.5% 25.5% TPAO TPAO SOCAR SOCAR 9.0% 9.0% 10.0% 10.0% NICO NICO LUKOil LUKOil 10.0% Total 10.0% Total 10.0% 10.0% 10.0% 10.0%

  6. ACG Early Oil Project First oil Nov 1997 Current production 130 mbd gross Total investment $2.2bn Chirag platform Sangachal EOP terminal

  7. ACG Full Field Development • Recoverable volumes 5.4 bn bbl gross • Peak production 1 mmbd gross • Total capital cost $25 bn gross • 2009production forecast 701.7 mmbd • Project start-up dates: • EOP Nov 1997 • Central Azeri Feb 2005 • West Azeri Dec 2005 • Gas injection May 2006 • East Azeri Oct 2006 • Phase 3 (DWG) Apr 2008 ACG gross production 1200 1000 Deepwater Gunashli mbd 800 600 400 Azeri 200 Chirag 0 2005 2008 2011 2014 2017 2023 2020 3 2 1 2

  8. BP Azerbaijan Vision Baseline: 2004 End 2007 The Future Sangachal Sangachal NREP, WREP, SCP, BTC, Rail NREP, WREP NREP, WREP, SCP, BTC, Rail Sangachal Chirag Chirag DWG West Azeri West Azeri East Azeri COP East Azeri Chirag Central Azeri / CWP Shah Deniz 1 Central Azeri / CWP GROWTH Capital Spend 2004: $12m/day GROWTH Capital Spend 2007: $9m/day Shah Deniz 1 Inam Alov Shah Deniz 2 • Offshore: Chirag • People: 3000 BP staff + • Agency • Infrastructure: • 2 export pipelines • Sangachal EOP Terminal • Production: • 130 mbd • 10 operating platforms + projects • 2000 BP staff • 3 export pipelines • One of the biggest terminals in the world • Oil 701.7 mmbd in 2009 • Gas 415 mmscf/day in 09; peak 822 mmscf/day • Condensate peak of 58 mbd • Chirag, CA/CWP, WA, SD,EA • 4000 BP staff + agency • 4 export pipelines and rail • Expanded Sangachal terminal • Oil over 600 mbd • Gas start-up

  9. Shah Deniz • Recoverable volumes (total) - 27.1 tcf of gas (1050 mmbbl of condensate) • Stage 1 peak production - 830 mmscfd (142 mboed) • Total capital cost - $4 bn • 2009 gas production forecast - 415 mmscfd • 2008 condensate production forecast - 35 mbd • Project start-up dates : • TPG 500 platform installed: April 2006 • First gas: Dec 2006 • First gas to Georgia: Jan 2007 • First gas to Turkey: Jul 2007 BOTAS Stage 1 Decline Sales BTC SPA Georgia SPA Azerbaijan SPA

  10. Sangachal Terminal 2001 Sangachal Terminal 1992 Sangachal Terminal 2000 Sangachal Terminal 2003 Sangachal Terminal 2002 Sangachal Terminal 2004 Sangachal Terminal 2005 Sangachal Terminal 2007 Sangachal Terminal

  11. A Strategic Hub for the Caspian: Potential (Oil) Operational (Oil) Potential (Gas) Operational (Gas) Produced Water BTC SCP ACG going to Azerbaijan HP-SD going to Azerbaijan Western Export Route LP going to Azerbaijan Northern Export Route Third party export oil SANGACHAL TERMINAL Third party 4” 12 SD Phase I 26” 30” Oil from Azeri SD Phase II Inam 30” Oil from Azeri Alov Deepwater Gunashli 30” Oil from Azeri COP 24” Oil from Chirag

  12. Azerbaijan Turkey Georgia 3000m 2000m 1000m Sea Level • 1600 1500 1400 1300 1200 1100 1000 900 800 700 600 500 400 300 200 100 0 • BTC Pipeline Route Profile (Distance in km) Azerbaijan, Georgia, Turkey Pipelines Project South Caucasus Pipeline First gas Dec ‘06 Ultimate Capacity 20 bcma Length 690 km Diameter 42” Gross Capex $1.1bn Baku-Tbilisi-Ceyhan Pipeline Full capacity (2008) 1 mmbd Length 1768 km Diameter 46/42/34” Gross Capex $3.9 bn First tanker departed 4th June 2006 Current BTC export capacity 750 mbd BLACK SEA GEORGIA CASPIAN SEA BLACK SEA GEORGIA TBILISI TBILISI CASPIAN SEA AZERBAIJAN AZERBAIJAN BAKU BAKU TURKEY Sangachal Sangachal TURKEY Erzurum Erzurum CEYHAN CEYHAN MEDITERRANEAN SEA MEDITERRANEAN SEA

  13. Istanbul - the big issue behind BTC Black Sea • Oil volumes shipped through Bosporus increasing every year (pipeline oil would have increased volume by 50%) • Oil tanker traffic increasing as a percentage of total transits through Bosporus Istanbul Istanbul Mediterranean Sea

  14. Platforms Central Azeri Shah Deniz TPG 500 West Azeri East Azeri

  15. BTC RoW Reinstatement RoW Reinstatement Georgia Pump Station Georgia Pump Station The official inauguration of BTC The official inauguration of BTC Ceyhan Marine Terminal

  16. First Tanker Loading 4th June 2006: First Tanker Loading at Ceyhan Terminal was successfully completed. “British Hawthorn” sailed away with 592,000 barrrels on board.

  17. THANK YOU THANK YOU

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