Transcript Alan Martin, Angola Chief Financial Officer, BP

BP in Angola
UK – Angola investment forum
May 2012
BP in Angola
Block 18
BP (50%)
• Operations in Angola growing since 2000, with a
total investment in excess of $15 billion.
BP (50%)
• Going to invest over $15 billion over the next 10
years.
 Operator – BP
Block 19
 Operator – BP
Block 24
BP (50%)
 Operator – BP
Block 31
BP (26.67%)
 Operator – BP
Block 15
BP 26,67%)
 Operator – Exxon
Block 17
BP (16.67%)
 Operator – Total
Block 20
BP (30%)
 Operator – Cobalt
Block 25
BP (15%)
 Operator – Total
Block 26
BP (40%)
 Operator – Petrobras
Angola LNG
BP (13.64%)
• Total BP net average annual production ~175mbd+
• Block 18 – currently producing ~180mbd (gross)
• Block 31 – first oil scheduled for 3Q2012
• Blocks 15 – currently producing ~400mbd+ (gross)
• Block 17 – currently producing ~600mbd+ (gross)
• Blocks 19, 20, 24, 25 – new pre-salt deep and ultra
deepwater blocks – in exploration phase (completed
seismic aquisition)
• Block 26 – in exploration phase (drilling)
Block 31 PSVM Development Project
Deliver a step change in Angolan Content
Petromar
Dande
Potential for:
• Tie-in Spools
• Buoyancy Tanks
• Multi-jointing
Spool Base
Pipe fab. and spooling. Fabrication of FTAs, ITAs, buckle mitigation measures and flowline
spools.
Suction Piles
Lobito
Dande
FPSO: Fabrication
Luanda
Operating base
• Fabrication of structural steel work
for FTA / ITA
• Manifolds
Operations &
Light Fabrication
Process Piperack
P.Amboim
Sonamet Yard Expansion
Misc. Atmospheric Vessels
Manifold and
jumper
spool fabrication
URF: Heavy Fabrication
Spools
PIP
Buoyancy Cans
Piles
Cameron Base expansion
Module Support Stools Fabrication
Trees and
Wellheads
Tree assembly
Marine Transport
Wellhead and connector
manufacture
Porto Amboim
HP & LP Separation
FPSO: Fabrication & Integration
Chemical Injection
Flare Tower
Turret Primary Steel
Slug Catcher &
Flare Drums
Integration
Oil spill response capability
We significantly enhanced our ability to respond to
an incident in Angola in 2011:
•Built and tested a capping device
•Developed a capping plan
•Subsea dispersant injection plans
•Emergency and oil spill response plans
People and Offices
GtP FPSO
BP Supply Base at Sonils
− L&M and support to all
offshore operations
PSVM
FPSO
− ca. 100 staff
Torres Atlantico Tower
Soyo
− ca. 440 staff in the office (4 floors)
− 6 floors in the residential complex
Dande
− Shared with Sonangol PP and Exxon
Porto
Amboim
DeBeers Office
Lobito
− Ocupying 4 floors
− ca. 200 staff
Sunbury
− Building A (ca. 200 staff)
Total staff based in Angola :
• Angolan staff: 645 (72%)
• Expats: 253
• Agency contractors: ~300
Supported by ca. 200 staff based in Sunbury
Challenges and opportunities
Angola is the second largest oil producer in Sub-Saharan Africa after Nigeria,
and is the third largest economy in Sub-Saharan Africa, with a favourable
economic outlook, despite the recent global economic trends.
Challenges
Meeting the challenges through good Corporate
Responsibility
• Legal and regulatory environment
BP value chain
• Institutional capability
• Shortage of skilled labour
• Enhance local content through the value chain (both on large and
small contracts)
• Deficit of local companies
• Enterprise centre (CAE) – local content
• Poverty and unemployment
• Responsible operator (ethics and compliance)
• Security
• Infrastructure
• Health care
• Transparency and corruption
The country is going through rapid
development with significant progress in
addressing the areas above.
Angolan Capability
• Angolanization (recruitment, training, succession plans)
• UAN engineering programme
• Schools programme
• Master on oil and gas law (LLM)
• Institutional capability projects.
Community & Social Projects
• Microcredit programmes
• Road safety programme
• Environmental programmes
BP in Angola
Our strategic aim is to build a material, high performing and sustainable business
in Angola, that benefits Angola and our shareholders.
Strategic priorities:
•Safe, reliable and compliant operations
•Building staff capability
•Increase local companies’ participation in contracts with the oil industry
•Responsible operator and partner in Angola’s development
Community & Social Investment Projects
Main Projects:
•UAN (Engineering and Sciences Faculties) support programme
•Master in petroleum law (LLM)
•School and community libraries
•Enterprise Centre (CAE) – handed over to Chamber of Commerce and Industry in Jan 2011
•Road safety programme
•Greater Plutonio microcredit (Huambo and Benguela)
•Conservation agriculture project
•Accelerated education project
And many others…
•Future generation (School Parliament Project)
Angola Paralympic team sponsorship
Thank you!