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Case studies

Strengthening our US presence

#1 Strong performance in the Gulf of Mexico

In 2021 we started up two major projects in the US Gulf of Mexico, where we plan to grow our oil and gas production to around 400mboe/d net by the mid-2020s.
 
  • Thunder Horse South Expansion Phase 2: consists of two subsea drill centres operated by 10-inch dual flow lines with the opportunity for simultaneous mobile offshore drilling unit operations.
  • Manuel: includes a new subsea production system for two new wells tied into the Na Kika platform.
  • These projects are two of seven major project start-ups in 2021 globally, adding 900mboe/d of new production net to bp from new major projects, since 2016.

 

Continued growth

 

We achieved a significant milestone for the Mad Dog 2 development with Argos – a new semi-submersible floating production platform – now in position ahead of planned start-up in 2022.

 

>340

employees in the state of Louisiana

 

>5200

total jobs supported

 

>$61m

annual spend with >70 suppliers in 2020

This has been a pivotal year for our Gulf of Mexico business as we continue to start up new projects. Bringing high-margin, resilient barrels online in basins we know best is central to bp’s strategyStarlee Sykes -SVP Gulf of Mexico and Canada
A map with points in the US where we have strengthened our presence

#2Driving down flaring at bpx energy

We are on track to achieve our aim of zero routine flaring in our bpx energy US onshore operations by 2025. When we began operating these assets in 2019, flaring intensity was over 16%; today it is less than 1%, a 95% reduction.

 

#3Taking full ownership of Thorntons retail business

The deal marks bp’s re-entry into fully owned and operated stores in the US and positions bp to be a leading convenience operator in the US Midwest.

 

#4Acquired AMPLY

Power Our acquisition of charging provider AMPLY Power has accelerated our entry into the US – one of the fastest growing fleet charging markets in the world.

 

#5Investing around $270 million in three projects at Cherry Point refinery

These projects are aimed at improving the refinery’s efficiency, reducing its CO2 emissions and increasing its renewable diesel production capability. They are expected to create more than 300 local jobs over the next three years.

 

#6Purchasing 9GW of solar development projects from 7X Energy

The projects span 12 states and are expected to have the capacity to generate enough clean energy to power around 1.7 million US homes once developed. The acquisition is a significant step towards bp’s target of having developed renewables to final investment decision of 20GW by 2025 and aim to increase this to 50GW by 2030.  

Growth in Europe

A map showing points where we have grown in Europe
Fast, reliable charging infrastructure in convenient locations is essential to give business and fleet customers the confidence to make the switch to electric. Globally, nearly half of our network is now rapid or ultra-fast charging, driving higher utilization and margins.Richard Bartlett -SVP, future mobility & solutions

 

>9,300

EV charge points in Europe

 

>8,250

retail sites in Europe

Global target to deliver

~50% margin share

from convenience and electrification by 2030

#1Growing our charging network

We are accelerating our electric vehicle (EV) charging ambition across key growth markets, through a focus on ‘on-the-go’ charging and fleets. Partnerships are a key part of our approach, enabling better and faster utilization of our network. In 2021, we took significant steps towards our aim to grow our EV charge points to more than 100,000 globally by 2030.
 
  • Joined forces with Mercedes-Benz and BMW to help accelerate electrification through the Digital Charging Solutions (DCS) partnership. DCS aims to connect drivers with a growing network of EV charge points across Europe, while providing a seamless charging experience.
  • Opened EV-only charging hubs in Europe, including the UK’s first fleet-dedicated rapid EV charging hub in London. The new rapid charging hubs aim to deliver charging at scale, in locations where fleet and business vehicles need it most.
  • Rolled out more than 500 ultra-fast charge points at retail sites in Germany under our Aral Pulse brand.

 

#2Building the largest green hydrogen plant in northwest Europe

We are partnering with HyCC and the Port of Rotterdam on H2-Fifty, a project to build a 250MW green hydrogen plant at bp’s Rotterdam refinery in the Netherlands. The plant is scheduled for completion in 2025 and would use offshore wind power to produce 40,000 tonnes of green hydrogen a year, replacing the current grey hydrogen at the Port of Rotterdam refinery.

 

#3Extending our relationship with M&S Food

bp and Marks & Spencer agreed to extend their convenience partnership for bp’s UK retail forecourts until at least 2030, aiming to build on the success of our 16-year collaboration. The agreement combines bp’s expertise in forecourt retail with one of the UK’s leading food retailers. We plan to work together to evolve our offer to customers as their behaviours change over the coming decade.  

 

#4Entering the UK offshore power sector

bp and Energie Baden-Württemberg (EnBW) were awarded two offshore wind leases in the Irish Sea – Morgan and Mona – as well as a lease option off the east coast of Scotland, to be known as Morven. The projects are expected to have 3GW and 2.9GW total potential generating capacity respectively, marking further progress towards bp’s aim to rapidly build a world-class offshore wind energy business.

 

#5Rapidly expanding solar across Europe

Lightsource bp, in which we have a 50% share, acquired an 845MW solar portfolio in Spain from Iberia Solar in 2021, as well as powering up its 247 megawatt peak (MWp) flagship solar project Vendimia in Zaragoza, Spain. Lightsource bp now has a total of 2.9GW of projects in development or under construction in Spain. The business also made new market entries into Greece and Poland in 2021, strengthening its position in Europe.  

Developing our presence in Asia-Pacific

#1Creating an integrated gas value chain in China

In 2021 we started directly supplying customers in China with gas from liquefied natural gas (LNG) imported by bp, completing our first fully integrated gas value chain into the country.

 

The chain directly connects upstream resources, transportation and trading with downstream gas customers.

 

The first cargo of gas was delivered under bp’s new terminal usage agreement at Guangdong Dapeng LNG Company Limited (GDLNG) import terminal in the Guangdong Province.

 

This milestone builds on gas supply agreements we signed with ENN Group and Foran Energy in 2020. For each, we have agreed to supply 300,000 tonnes per year of pipeline gas, re-gasified from LNG, for two years from 2021.

 

Increasing the availability of natural gas to customers across China supports the country’s aim to transition from coal to gas as well as our own aim to grow our integrated gas portfolio, including equity, LNG and merchant gas.

 

30%

bp's interest in GDLNG

 

~22%

of China's total LNG imports accounted for by GDLNG

With our world-class technologies, marketing and trading capabilities, we have developed an innovative, diversified and flexible integrated business model enabling us to both provide more LNG to the region and also increase our access to downstream gas markets.Federica Berra -SVP, integrated gas and power
A map showing points of our presence in Asia-Pacific

#2Reimagining convenience and mobility in India

Jio-bp, our fuels and mobility joint venture with Reliance Industries Limited, has opened its first ’mobility station’, providing a fully integrated customer offer. This includes: high-quality fuels, EV charge points, tailored convenience offers – including our Wild Bean Cafe, and Castrol products and services. We expect the existing network of 1,400 Reliance fuel stations to be rebranded to Jio-bp over the coming months.

 

#3Starting up a new deepwater gas field in India

bp and Reliance Industries Limited (RIL) started production from the Satellite Cluster gas field in block KG D6 (operated by RIL) off the east coast of India in 2021. The Satellite Cluster is second of three deepwater gas developments in the block to come onstream, which together are expected to produce around 1 billion cubic feet a day of natural gas by 2023, meeting up to 15% of India’s gas demand.

 

#4EV charging goes carbon neutral in China

bp-xiaoju – an EV charging joint venture between bp and DiDi – now provides all customers using their network of charging sites across China with carbon neutral charging. The offer was built around China’s new national standard for carbon neutrality, and offsets the lifecycle carbon emissions from the power purchased by customers.

 

#5Powering bp service stations with 100% renewable energy

Lightsource bp’s West Wyalong solar farm is set to supply renewable energy to 88 bp retail sites across New South Wales, Australia through a power purchase agreement with Snowy Hydro. The sites are expected to be powered by 100% renewables from January 2023, marking another step towards our net zero ambition.