From:Frazelle. Andrew E Sent: TueOct2019:34:11 2009 To: Holt,Charles A Subject FW:Neil's Slides TH lmportance: Normal AttachmentsGoM Townha : ll_09-23-09_WL_Finat.

ppt Hereis theoriginal slidepack!

From: Thierens, HarryH Sent: Friday, October 02,20098:36AM To: Frazelle, Andrew E Subjech FW:Neil's Slides TH Andyherearethesides, willneedto sanitize discussed letsconvene we as so Monday before send we themto ourWSLs, mostarefineI thinkbuttheremaybe sensitivity thefinancials a bit of on and exploration generally issues. but no H

From: Lacy, Kevin Sent: Friday, October 20098:07AM 02, To: Thierens, HarryH Subjech Neil's Slides TH

-$li&i"ffir,
CONFIDENTIAL BP-HZN-217?MDL01e18567

CONFIDENTIAL

B P - H Z N - 2 '9 M D L 0I1 8 5 6 8 71 1

CONFIDENTIAL

BP-HZN-217 ?MDL01e1856e

CON IDENTIAL F

9MDLO e18570 1 BP-HZN-217

2009 Recordables o4T z

E 2

2009 ProcessSafety G+ SeveritY t!r,"

0.a0 0.16

ffi **{7*' t$ll lul|l

Jr F.b Mr Afl Mq

-: llHl
tfifl

0.30 0.25 0.20 0.15 0-10 0.05 o,0o Nd D.. Jrn F.! Ma ,q sry Jm Jd Aug 9P

fllllilil ilfl_ili _ nflfrfl

Jun U &g S.p G

Perforrnance was exceptional with a 2008TR|Rperformance 50% improvementvs 2007 2009 YTD performanceis flat with Septemberour worst month since May 2008 GOM is the only maiorSPU with a deteriorating safety performancein 2009

Action Plan 'TargetZero" in 4Q - Need an exceDtional TRIR to re-establish 4Q improvement trend Pace / Amount of Activity -"Re-setactivity' be confident that we can to plan and executesafely with oversight Bootson Deck - Focusand Intensity Leadership / of Supervision __ ._yistb,i!!!y_Qn _thc_P-_ecl_*--

CON IDENTIAL F

9MDLO e18571 1 BP-HZN-217

Nakka

0 0 0 0

6/132004
1M72006

1?27
1140

Mad Dog Rig Logistcs SPU Otfice Bob Palmer

9tBD001 c 0 0
1
I

l-

Hoblen

3/62008 7t'1412008 '|0/t 5/2008 217t2009 4t1t20cp 4nm@ 581/2009

r'13f20@ E1 174 173 435

Pmparc
Mad Dog

3129n407 6t15n007

908

342

Enterprise
Medin
HOm Mouritain

4t12nAO9

147 Mariams Deepwate. Horizon

2 2
1

Thunder HOrSe

9/8n009

Hobtein Rig

Atan0s

10

DDII Thurder Horse Rrg

8t12n009

4t

As of 912212009

CONFIDENTIAL

1 BP-H2N.217gMDLO 918572

CONFIDENTIAL

9MDL01I 18573 BP-HZN-217

*fr

#4, +tsf

bp

BPConfiCeniial

\8

Els
1S

o45

ZN

E E

rs s! 65

b9 .:.E :-

b .5 ti u

b .! H

E E E

8e E

2m8

2m9 LE

Performance completlons Delivered $320m of net efficiencyvs plan Doradoand Klng South deliveredahead of schedule and undertheir FM promise in improvement D&C performance Continuous -606 improvement gap to bestwell in benchmark -1906 reduction completions Non Productive in Time (NPT)

)
o20
F

CONFIDENTIAL

4 BP-HZN- ?MDL01e1857 217

op

uw q{$r
BPConfdeniial

*+fitbr,

PSCM Savings

Production

/lilO

110 100 90 80 -00 Euo

{
30 t0 0

into goodprogress driving efficiency the cost in We aremaking agenda'. counts dollar with business our'every as we 2007and2008, sawcostincreases we started-up Through of and Horse we sawthe impact industry and Atlantis Thunder rose. as inflation oil prices than to We that we In 2009, willreverse trend. expect seea greater unit to expect continue decrease to in 15%reduction unitcostsand into costs 2010. growth, production strong are in reductions unitcosts through These and our and cost disciplined control applying scope scale, are areas around: Our3 focus * activity planning and improved (for management example, partof whichis a major prioritizationimprove utilization logistics to ourcostbase) - improving (for through efficiency example, execution organizations our of workandusing centralized standardization andimprove), so our thatleverage capability thatwe canlearn - reducing through deflation our chainunitcost(forexample supply to fromour our and negotiations by aggregating demand benefit andscalein the market) scope that condition the within boundary takesplace All of thisof course comes first. always operations safeandreliable

CONFIDENTIAL

7e 1 B P - H Z N - 2 1 M D L 0e18 5 7 5

bp

,t@!h, l;. w rhfl$r

BF Confidennal

HighQualityProjectsPortfolio . Highmargin priceleveraged portfolio oil

lr':iil

2009 0 201 0 201 0 201 201 0 201 1 2011

MadDog Rig Replacement Phase2 Hom Mountain Rig Pompano Program

ili'rtrii;i IiFii 5iffi r,j,;l1 :.:,,r:,: l:i,,;;r r ;,J",r gtii3

AtlantisPhase2 (lsabela SantaCruz) / Galapagos Nakika Phase 3 Atlantis Phase3 NakikaPhase4

Hubs Filling , Progressing quality platform rig high programs HornMountain, Pompano on ::,;:::1.:, Subsea Tie-Backs . Strongproduction of standardised line of to subsea tiebacks buildon success Dorado KingSouth and . Focus Atlantis Nakika and on Hubs . Standardised concepts TBKand for spar MadDog Phase 2 . Results Kodiak well appraisal of . Progressing appraisal Paleogene

2010 2010 201 o 2011 2011

tEu

Tbells/Kodiak Mad Dog Phase 2 Mars B (Shell) Freedom (Noble) Kaskida Tiber

CONFIDENTIAL

BP-HZN-2179MDLO e18576 1

10

CONFIDENTIAL

7e 1 B P - H Z N - 2 1 M D L 0e18 5 7 7

ffil
1000 800 E 600
o

DWLeases Expiring1*o t ,|uo3ly*"0'""""'

2CO 0 20052006200720082m9 20102011201220132014

Deepgas - lhree play tests - Cretaceous, Miocene Paleogene, - use otherpeople's money Deepwater - Miocene - drill the best at max Wl - Paleogene - test the limitsof the play - findthe sweetspot?

Renewal - develop basin mega-regional and maintain understanding * preparefor and deliver Round 3 access

11

CON IDENTIAL F

9MDLO e18578 BP-HZN-217 1

CON IDENTIAL F

?MDL01e1857e BP-HZN-217

ItlI

bo

ffi
Gull of Mexicolease sale toal high bds (Roud 3")

lffi *"*ff.
efiiclercylRdnd 3-) GurorMetcobasesaebrdling

diqk
I

At P w
&6

t e**;;iUdr r$t rd.rhltn

5
P 'c 'F

@*
0 i@ m 309 400 510 600 700 800

.":,,"
a, l0 c5 i0

l5

:o

aa

x0

?a

4a 45 drpayEtio

La

. GoM OCS Lease Sales 2007-2009 . $ 1 3 . 1 8 n x p o s e d ,$ 8 . 3 8 ni n h i g h b i d s e .BP - most leaseswon - efficient bidder - positioned for Round 3 explora!ion ' Overpay = to / required winby$1 Ratio SpendSpend *" Includes 204, 2A7. 238,210, 224 & Sales 205, ?06,

Largestnet lease Holder

400| o 3s0l ol g 3001 i 2501 I 3 2 0 0 1I I I

r,--

lllr
IT]I

I E r o oI l E I I z ."1 lf,l r

"'l 0l

rrsl
CE

E
souou,Xvndmuc

U$U$lpyu

13

CONFIDENTIAL

9MDL01e18580 BP-HZN-217

14

CON IDENTIAL F

B P - H Z N - 2 e M D L1e 18 5 8 1 17 0

bp

,r044e, u# |ry{iF
6PConfrdemlal

Every $ Counts . "AreotherSPUsembracing everydollarmatters culture? the D&l . 'l wouldliketo heardetailson the D&l actionplanin the GoM?" Reward . "willwe get the right levelof recognition and VPP for 2009?' 'How do you feel aboutthe underspending . ofthe spot bonusbudget?" Capability . 'How many peoplehave we addedthis year? , updateon attritionrate" Tiber/MadDog . "Howdo you see the recentannouncement aboutTlberandthe alternate the strategy Mad Dog impacting LongTermPlanfor the SPU?" at

15

CONFIDENTIAL

BP-HZN-217?MDL01e18582

i'rn

#rtf" * ,TfuS'
BPConfidcfiial

Strateoic lntent work culture,basedfully on merit i A high performance their potential which enablesall staffto maximize i An inclusive work environment of i A high qualityworkforcewhichis representative the marketsfrom whichwe recruit D&l Plan gaps at LevelsF, G and in some ; Focuson and close diverserepresentation roles, Offshore one . Expand initiatives ourWomen's"Each ReachOne"process GoM LT like on in employees one-on-one to reachout to a diversegroupof high performing to conversations raise awareness. ; lmplement HR Processes D&l i succession recruiting, criteria applyin our HR processes, Insuremeritocratic planning, promotions, etc. salaryadministration, to feedback Team ; New 360 feedbackprocesses provideD&l specific to Leaders. ;, Rollout the "D&l Tool Kit"for teamleaders

16

CONFIDENTIAL

B P - H Z N - Z 9 M D L 09 18 5 8 3 I7 1

Needed lmprovement GoMBusiness Process processes systems and business our Fixandimprove underlying scale & full us Holding backon capturing costefficiency leveraging payment, of lack late contractors, invoice for Reasons change overpaying and visibility trackspend materials to Connect theWork Up Backboneup: system tools and thatconnects Fully integrated - Common Purchase Paysystem to - Single System Inventory Management - Maximo version upgrade - Podal access procurement inventory and to processes management GoMPriority 2010 in Backbone-

17

CON IDENTIAL F

BP.HZN-Z17gMDLO 1918584