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Production
ACG
oil (mb/d) 434
oil (mmte) 5
SD
gas (bcm) 6
condensate (mmte) 1
Opex ($ million)
ACG 133
BTC 9
SD 759
SCP 14
Capex ($ million)
ACG 396
BTC 4
SD 88
SCP 0.3
• ACG completed 3 oil producer
wells during the quarter.
• Total oil production from ACG
since start has reached
around 4.1 billion barrels.
Chirag platform
• Construction activities are currently at
peak with about 5,500 people involved and
70% overall project progress achieved.
• Installation of the ACE subsea oil and gas
lines completed.
• Topsides and drilling facilities fabrication
continued – several major liftings
completed; dropped object structure and
topsides under deck platform installed;
drilling module and topsides
commissioning progressed. In February,
the topsides fabrication staff achieved
10 million work-hours without a safety
incident.
• Jacket fabrication continued - east tower
frame lifted onto the jacket; post roll-up
welding of frame 7 to the centre box
completed; post roll-up welding of the
tower frames onto the jacket continued.
Gas injection compressor lifting at Bibi-Heybat yard
Shah Deniz Alpha platform
• Shah Deniz has produced about
164 billion cubic metres of gas and
about 37 million tonnes of condensate
since start.
• Shah Deniz 2 progressed towards
production start-up from the West South
Flank - subsea installation activities
mostly completed; diving activities for
pipeline tie-ins progressed; topsides
construction on the Shah Deniz Bravo
platform nearing completion.
• In 1Q 2022, the Sangachal terminal sent more than 57 million barrels of oil and condensate and
about 6.4 billion standard cubic metres of Shah Deniz gas.
• The daily exporting capacity of the terminal is currently 1.2 million barrels of oil and condensate
and 100 million cubic metres of gas (including 81 million cubic metres for Shah Deniz gas)
Sangachal terminal
Satti jack-up rig
• On the Shafag-Asiman offshore block,
the drilling of the first exploration well
was completed in March 2021. Post-
well analysis of the data received
during the drilling is ongoing.
• In the SWAP area, the third exploration
was spudded on 4 April 2022. Drilling
activities are currently ongoing at the
depth of around 770 metres. The
second well was safely plugged and
abandoned in March 2022 at its total
depth of 4,230 meters.
• 2,247 Azerbaijani nationals directly
employed by bp (including fixed-term
employees)
• 90% of professionals in Azerbaijan
comprised of national employees
Permanent professional employees in Azerbaijan
90%
10%
Azerbaijanis
Expatriates
1. This amount represents bp's direct spend with national suppliers and
indirect (subcontracted) spend on national labour/services/materials
in contracts with the international suppliers working in the region.
National contractors/suppliers
(Azerbaijan-Georgia-Turkey region)
Number
Spend
($ million)
• Small and medium enterprises
• State-owned companies
• Joint ventures with national partners
• In-country spend with foreign suppliers
155
15
13
84
63.6
9.7
172.8
87.3
60% of total third-party
expenditure
Total in-country spend 1 267 333.3
Social spend in Azerbaijan
($ million disbursed)
bp and its co-venturers
in bp-operated projects
1.0
bp 100% 0.2
Total 1.2
Creating higher education opportunities for communities
Improving educational infrastructure
at local universities
Establishing national hub of expertise
for autism specialists Promoting Azerbaijan’s cultural heritage

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2022 1st quarter results.pdf

  • 1.
  • 2. Production ACG oil (mb/d) 434 oil (mmte) 5 SD gas (bcm) 6 condensate (mmte) 1 Opex ($ million) ACG 133 BTC 9 SD 759 SCP 14 Capex ($ million) ACG 396 BTC 4 SD 88 SCP 0.3
  • 3. • ACG completed 3 oil producer wells during the quarter. • Total oil production from ACG since start has reached around 4.1 billion barrels. Chirag platform
  • 4. • Construction activities are currently at peak with about 5,500 people involved and 70% overall project progress achieved. • Installation of the ACE subsea oil and gas lines completed. • Topsides and drilling facilities fabrication continued – several major liftings completed; dropped object structure and topsides under deck platform installed; drilling module and topsides commissioning progressed. In February, the topsides fabrication staff achieved 10 million work-hours without a safety incident. • Jacket fabrication continued - east tower frame lifted onto the jacket; post roll-up welding of frame 7 to the centre box completed; post roll-up welding of the tower frames onto the jacket continued. Gas injection compressor lifting at Bibi-Heybat yard
  • 5. Shah Deniz Alpha platform • Shah Deniz has produced about 164 billion cubic metres of gas and about 37 million tonnes of condensate since start. • Shah Deniz 2 progressed towards production start-up from the West South Flank - subsea installation activities mostly completed; diving activities for pipeline tie-ins progressed; topsides construction on the Shah Deniz Bravo platform nearing completion.
  • 6. • In 1Q 2022, the Sangachal terminal sent more than 57 million barrels of oil and condensate and about 6.4 billion standard cubic metres of Shah Deniz gas. • The daily exporting capacity of the terminal is currently 1.2 million barrels of oil and condensate and 100 million cubic metres of gas (including 81 million cubic metres for Shah Deniz gas) Sangachal terminal
  • 7. Satti jack-up rig • On the Shafag-Asiman offshore block, the drilling of the first exploration well was completed in March 2021. Post- well analysis of the data received during the drilling is ongoing. • In the SWAP area, the third exploration was spudded on 4 April 2022. Drilling activities are currently ongoing at the depth of around 770 metres. The second well was safely plugged and abandoned in March 2022 at its total depth of 4,230 meters.
  • 8. • 2,247 Azerbaijani nationals directly employed by bp (including fixed-term employees) • 90% of professionals in Azerbaijan comprised of national employees Permanent professional employees in Azerbaijan 90% 10% Azerbaijanis Expatriates
  • 9. 1. This amount represents bp's direct spend with national suppliers and indirect (subcontracted) spend on national labour/services/materials in contracts with the international suppliers working in the region. National contractors/suppliers (Azerbaijan-Georgia-Turkey region) Number Spend ($ million) • Small and medium enterprises • State-owned companies • Joint ventures with national partners • In-country spend with foreign suppliers 155 15 13 84 63.6 9.7 172.8 87.3 60% of total third-party expenditure Total in-country spend 1 267 333.3
  • 10. Social spend in Azerbaijan ($ million disbursed) bp and its co-venturers in bp-operated projects 1.0 bp 100% 0.2 Total 1.2 Creating higher education opportunities for communities Improving educational infrastructure at local universities Establishing national hub of expertise for autism specialists Promoting Azerbaijan’s cultural heritage