Technology in BP

Advanced technology is one of BP’s distinctive capabilities

• We are world leaders in imaging technologies, which we use to both help find and recover more oil & gas. To keep us ahead, we have invested in the world’s largest supercomputer for commercial research in Houston.

• BP’s LoSaL® Enhanced Oil Recovery technology has the potential to significantly increase recoverable oil. The world’s first LoSal® EOR full field deployment will be at our award-winning Clair Ridge development in the North Sea.

• We are a world leader in a number of petrochemical process technologies. Our new SaaBre™

technology is the most significant step forward in acetic acid production in 40 years.

• Our scientists have created Castrol EDGE with TITANIUM Fluid Strength Technology™, which changes the way engine oil behaves under extreme pressure, reducing friction by up to 15% and doubling the oil film strength.

We have deep technical expertise and strong external relationships

• We employ over 2,000 scientists and technologists at our seven major technology centres in the UK, US and Germany.

• We have long-term relationships with leading universities, including:

� The BP International Centre for Advanced Materials (BP-ICAM): $100 million over 10 years

� The Energy Biosciences Institute (EBI): $500 million over 10 years

• We have a thriving venturing business, investing in entrepreneurial companies around the world to identify promising early-stage technologies, from oil & gas to renewable power.

We have a long-term view of technology, underpinned by robust data

• Our Technology Outlook analysis shows that foreseeable advances in technology should ensure sufficient supplies of oil & gas to meet rising demand through to 2050.

• BP’s multi-partner Energy Sustainability Challenge (ESC) research programme has concluded that with wise policy and continued improvements in technology, the world’s water, land and mineral resources can be sufficient to support energy needs out to 2050 and probably well beyond.

Our supercomputer in Houston has a processing power of 2.2 petaflops

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In 2013 we invested $707 million in research and development

Over $100 million committed to the BP International Centre for Advanced Materials

Behind the headline: Technology in BP

Advanced technology is one of BP’s distinctive capabilities

• BP leads the industry in the development and deployment of new advanced seismic imaging technology. Our seismic imaging capability not only helps geoscientists “see” valuable hydrocarbons under complex rock more clearly, but it also generates better quality data and enables more efficient large-scale and appraisal efforts at lower risk and cost.

• Our new supercomputer in Houston has a processing power of 2.2 petaflops, which equals more than 2,000 trillion calculations per second.

• Enhanced oil recovery (or EOR) technologies improve the percentage of oil we can recover from an oil field. BP’s LoSal® EOR is a breakthrough technology which uses low salinity water to release more oil from the rock. LoSal® EOR has the potential to unlock more than 500 million barrels of additional oil from across BP’s portfolio, with the world’s first full scale deployment due to start up in 2016 at Clair Ridge in the North Sea.

• BP Well Advisor is a real-time, well-monitoring and early-warning system. It has already been deployed at more than 20 offshore operations worldwide, and successfully completed over 150 casing runs with no stuck pipe incidents.

• In the past 30 years, engine pressures have almost doubled, putting more stress on engine oils, which need to withstand pressures up to 10,000kg per square centimetre. TITANIUM Fluid Strength Technology™ in new Castrol EDGE is bonded to a polymer backbone. This makes the titanium soluble in the oil. This ground-breaking technology reduces friction by up to 15% and doubles the oil film strength.

• BP is a world leader in the production of acetic acid, purified terephthalic acid (PTA) and paraxylene (PX) – used in everyday products as diverse as paints, clothes and packaging.SaaBre™, BP’s next generation acetic acid technology, is expected to deliver a significant reduction in variable manufacturing costs.

• Over 100 scientists at our Global Biofuels Technology Centre in San Diego are focused on conversion technologies to produce advanced biofuels.

Deep technical expertise and strong external relationships

• Our internal R&D and our diverse external partnerships make up a global ‘ecosystem’ of innovation, connecting thousands of researchers in BP with those in universities, national laboratories, small and medium enterprises, major suppliers and industry partners.

• Concentrating on core sectors where BP operates, BP Ventures identifies and accelerates the development of game-changing innovations.

• The BP International Centre for Advanced Materials (BP-ICAM) is a $100 million, 10 year research collaboration between BP and four of the world’s leading universities: the University of Manchester, Cambridge University, Imperial College London and the University of Illinois at Urbana Champaign. BP-ICAM has 14 research programmes across the four programme areas of structural materials, functional materials, smart coatings and separations.

• The BP Institute of Multi-phase Flow (BPI) at the University of Cambridge helps the company better understand what happens when gases and liquids interact, with applications from oil fields to engine lubricants.

• The Energy Biosciences Institute (EBI) is a ground-breaking partnership between BP, the University of California Berkeley, the University of Illinois at Urbana Champaign and the Lawrence Berkeley National Laboratory. It is BP’s largest external research investment (up to $500 million funding over 10 years) and its goal is to research next generation biofuels and explore broader bioscience applications to the energy sector.

A long-term view of technology, underpinned by robust data

• BP’s Technology Outlook analysis indicates that we have probably reached a point globally when the potential for enhanced recovery from known hydrocarbon resources exceeds the potential from new discoveries (such as from arctic or ultra-deepwater).

• Our Energy Sustainability Challenge (ESC) research programme reveals that best practice technologies and processes can greatly reduce the need for fresh water in oil & gas extraction and refining.See bp.com/technology