BP in Brazil. BP: one of the world s largest energy groups. Values. Technology. BP Group presence in Brazil. Safety. Communities and the Environment

Transcription

1 Values Technology Our Values express how we should act and what we commit to being as an organization. Technology sits at the heart of our strategy, as one of the attributes that set us apart. We have a focused approach, developing only the technologies that enable us to be successful in our industry. We are governed by a values-based Code of Conduct that establishes ethics and compliance expectations and standards for all who work with BP. Respect Excelence Courage One Team For BP, safety is the number one priority. The company understands that operational excellence is the result of a quest for constant improvement. Therefore, it has implemented an Operating Management System (OMS) across all its global business units, assuring a consistent and systematic approach about how it manages safety and operational risk, driving continuous performance improvements and adding long-term value. We have in-depth technical knowledge about oil and gas, derived from seismic imaging and oil recovery by our Exploration & Production department, along with expertise in advanced fuels, lubricants, petrochemical processes, and alternative energy. In the business of biofuels, the implementation of digital technology is a key element to achieving operational efficiency. For over one hundred years, BP has made significant discoveries throughout its history, growing from a local oil and gas company into a global energy group. Access the contents of this document online. Always investing in pioneering technologies and the development of highly qualified professionals, the BP Group operates in 70 different countries and employs around 75,000 people. Our activities may cause impacts to the environment and to the communities in which we operate. Our operations can positively impact communities through job creation, increased tax revenue, business opportunities for local suppliers and commerce, and support for community development initiatives. Engagement with communities takes place through transparent dialogue, with respect for local cultures and diversity. Using a communications channel, we provide information about our activities, allowing the communities around our operations to gain knowledge to assess and understand what we are doing, which may impact them. This approach helps to build strong, mutually beneficial relationships over the long-term and enables all sides to work through any disagreements in a constructive way. BP is one of the worldwide leaders in oil and natural gas exploration, development and production. In 2017, the company produced 3.6 million barrels of oil equivalent per day. BP owns, wholly or in part, 11 refineries in the world. BP is a global biofuels supplier through its dedicated business unit, BP Biofuels. It was the first international oil company to invest in the Brazilian ethanol production from sugarcane. Every year, Air BP delivers more than 25 billion liters of jet kerosene and aviation gasoline to over 900 airports in the world. Castrol, a BP Group company, supplies high performance lubricants for vehicles powered by gasoline, ethanol, diesel and natural gas, in addition to a variety of products for the automotive, industrial, marine and energy markets. BP owns, wholly or in part, 14 wind farms located in eight US states, with a gross generating capacity of more than 2,000 megawatts of electricity. Communities and the Environment The world is growing as never before, creating opportunities for billions of people. To learn more, visit: BP provides fuel for transportation and power generation, lubricants for engines and industrial equipment, retail services and petrochemical products for everyday items. Technology also fundamentally serves to support the pursuit of our main priority: safe operational performance. This is reflected in the management of corrosion and advances in detection and inspection, with sensors, and data analysis, in addition to other methods and activities. Thus, we strive to maximize the positive impacts, supporting the sustainable development of these regions, and to mitigate potential negative impacts. At BP, we embrace this two-fold challenge and are reducing the emissions of our operations, improving our products to help our clients reduce their emissions, and creating businesses with low carbon emissions. BP Group presence in Brazil For us, technology is fundamentally about contributing to our number one priority: safety, through corrosion management and advances in detection and inspection using sensors, data analysis, alert systems, and robotics. Energy Transition And all this growth requires energy. To the extent that the global demand for energy grows, so does the importance of this resource being produced and distributed using alternatives that, above all, reduce carbon emissions. BP: one of the world s largest energy groups

2 Values Technology Our Values express how we should act and what we commit to being as an organization. Technology sits at the heart of our strategy, as one of the attributes that set us apart. We have a focused approach, developing only the technologies that enable us to be successful in our industry. We are governed by a values-based Code of Conduct that establishes ethics and compliance expectations and standards for all who work with BP. Respect Excelence Courage One Team For BP, safety is the number one priority. The company understands that operational excellence is the result of a quest for constant improvement. Therefore, it has implemented an Operating Management System (OMS) across all its global business units, assuring a consistent and systematic approach about how it manages safety and operational risk, driving continuous performance improvements and adding long-term value. We have in-depth technical knowledge about oil and gas, derived from seismic imaging and oil recovery by our Exploration & Production department, along with expertise in advanced fuels, lubricants, petrochemical processes, and alternative energy. In the business of biofuels, the implementation of digital technology is a key element to achieving operational efficiency. For over one hundred years, BP has made significant discoveries throughout its history, growing from a local oil and gas company into a global energy group. Access the contents of this document online. Always investing in pioneering technologies and the development of highly qualified professionals, the BP Group operates in 70 different countries and employs around 75,000 people. Our activities may cause impacts to the environment and to the communities in which we operate. Our operations can positively impact communities through job creation, increased tax revenue, business opportunities for local suppliers and commerce, and support for community development initiatives. Engagement with communities takes place through transparent dialogue, with respect for local cultures and diversity. Using a communications channel, we provide information about our activities, allowing the communities around our operations to gain knowledge to assess and understand what we are doing, which may impact them. This approach helps to build strong, mutually beneficial relationships over the long-term and enables all sides to work through any disagreements in a constructive way. BP is one of the worldwide leaders in oil and natural gas exploration, development and production. In 2017, the company produced 3.6 million barrels of oil equivalent per day. BP owns, wholly or in part, 11 refineries in the world. BP is a global biofuels supplier through its dedicated business unit, BP Biofuels. It was the first international oil company to invest in the Brazilian ethanol production from sugarcane. Every year, Air BP delivers more than 25 billion liters of jet kerosene and aviation gasoline to over 900 airports in the world. Castrol, a BP Group company, supplies high performance lubricants for vehicles powered by gasoline, ethanol, diesel and natural gas, in addition to a variety of products for the automotive, industrial, marine and energy markets. BP owns, wholly or in part, 14 wind farms located in eight US states, with a gross generating capacity of more than 2,000 megawatts of electricity. Communities and the Environment The world is growing as never before, creating opportunities for billions of people. To learn more, visit: BP provides fuel for transportation and power generation, lubricants for engines and industrial equipment, retail services and petrochemical products for everyday items. Technology also fundamentally serves to support the pursuit of our main priority: safe operational performance. This is reflected in the management of corrosion and advances in detection and inspection, with sensors, and data analysis, in addition to other methods and activities. Thus, we strive to maximize the positive impacts, supporting the sustainable development of these regions, and to mitigate potential negative impacts. At BP, we embrace this two-fold challenge and are reducing the emissions of our operations, improving our products to help our clients reduce their emissions, and creating businesses with low carbon emissions. BP Group presence in Brazil For us, technology is fundamentally about contributing to our number one priority: safety, through corrosion management and advances in detection and inspection using sensors, data analysis, alert systems, and robotics. Energy Transition And all this growth requires energy. To the extent that the global demand for energy grows, so does the importance of this resource being produced and distributed using alternatives that, above all, reduce carbon emissions. BP: one of the world s largest energy groups

3 Values Technology Our Values express how we should act and what we commit to being as an organization. Technology sits at the heart of our strategy, as one of the attributes that set us apart. We have a focused approach, developing only the technologies that enable us to be successful in our industry. We are governed by a values-based Code of Conduct that establishes ethics and compliance expectations and standards for all who work with BP. Respect Excelence Courage One Team For BP, safety is the number one priority. The company understands that operational excellence is the result of a quest for constant improvement. Therefore, it has implemented an Operating Management System (OMS) across all its global business units, assuring a consistent and systematic approach about how it manages safety and operational risk, driving continuous performance improvements and adding long-term value. We have in-depth technical knowledge about oil and gas, derived from seismic imaging and oil recovery by our Exploration & Production department, along with expertise in advanced fuels, lubricants, petrochemical processes, and alternative energy. In the business of biofuels, the implementation of digital technology is a key element to achieving operational efficiency. For over one hundred years, BP has made significant discoveries throughout its history, growing from a local oil and gas company into a global energy group. Access the contents of this document online. Always investing in pioneering technologies and the development of highly qualified professionals, the BP Group operates in 70 different countries and employs around 75,000 people. Our activities may cause impacts to the environment and to the communities in which we operate. Our operations can positively impact communities through job creation, increased tax revenue, business opportunities for local suppliers and commerce, and support for community development initiatives. Engagement with communities takes place through transparent dialogue, with respect for local cultures and diversity. Using a communications channel, we provide information about our activities, allowing the communities around our operations to gain knowledge to assess and understand what we are doing, which may impact them. This approach helps to build strong, mutually beneficial relationships over the long-term and enables all sides to work through any disagreements in a constructive way. BP is one of the worldwide leaders in oil and natural gas exploration, development and production. In 2017, the company produced 3.6 million barrels of oil equivalent per day. BP owns, wholly or in part, 11 refineries in the world. BP is a global biofuels supplier through its dedicated business unit, BP Biofuels. It was the first international oil company to invest in the Brazilian ethanol production from sugarcane. Every year, Air BP delivers more than 25 billion liters of jet kerosene and aviation gasoline to over 900 airports in the world. Castrol, a BP Group company, supplies high performance lubricants for vehicles powered by gasoline, ethanol, diesel and natural gas, in addition to a variety of products for the automotive, industrial, marine and energy markets. BP owns, wholly or in part, 14 wind farms located in eight US states, with a gross generating capacity of more than 2,000 megawatts of electricity. Communities and the Environment The world is growing as never before, creating opportunities for billions of people. To learn more, visit: BP provides fuel for transportation and power generation, lubricants for engines and industrial equipment, retail services and petrochemical products for everyday items. Technology also fundamentally serves to support the pursuit of our main priority: safe operational performance. This is reflected in the management of corrosion and advances in detection and inspection, with sensors, and data analysis, in addition to other methods and activities. Thus, we strive to maximize the positive impacts, supporting the sustainable development of these regions, and to mitigate potential negative impacts. At BP, we embrace this two-fold challenge and are reducing the emissions of our operations, improving our products to help our clients reduce their emissions, and creating businesses with low carbon emissions. BP Group presence in Brazil For us, technology is fundamentally about contributing to our number one priority: safety, through corrosion management and advances in detection and inspection using sensors, data analysis, alert systems, and robotics. Energy Transition And all this growth requires energy. To the extent that the global demand for energy grows, so does the importance of this resource being produced and distributed using alternatives that, above all, reduce carbon emissions. BP: one of the world s largest energy groups

4 BP operates in Brazil, in the segments of oil and natural gas exploration and production, biofuels and biopower, lubricants production and supply of aviation and marine fuels. The company currently employs around 6,000 people in the different business units and aims to generate more employment and income for the country, training local professionals, developing Brazilian suppliers with its global experience and valuing the human resources present in the communities in which the company operates. Lubricants Aviation Fuels BP has been in the Brazilian lubricants business with Castrol since With Air BP, the company has been operating in the Brazilian aviation industry since 2002, when BP started its operations in five airports, located in the states of Rio de Janeiro and São Paulo. In 2010, BP s products were used in the first biofueled flight in Brazil, and the company continues to be a pioneer as the first aviation fuel supplier to achieve carbon neutrality for our into-plane fuelling services across an international network of over 250 Air BP operated facilities. We also develop initiatives that help our clients achieve their carbon reduction goals. In the middle of 2018, BP launched carbon offset program for Brazilian Business Aviation market, in partnership with BP Target Neutral. The company operates in 27 airports and helicenters in Brazil s major cities, including the Guarulhos, Viracopos, Galeão, Santos Dumont, Brasília, Confins and Recife airports, and is conducting a joint venture with Petrobahia, known as Air BP Petrobahia. Castrol is a world leader in the production, distribution and commercialization of premium lubricants for the automotive, marine and energy sectors. Synonymous with technology and innovation, Castrol was named the best lubricant brand in Brazil at the 2017 edition of the Os Eleitos awards, which is organized by the most important and influential publication in Brazil s automotive industry, Quatro Rodas magazine. In 2018, Castrol continues being the preferred lubricant brand of both consumers and mechanics, according to the readers of Carros and Mecânico magazines. Our automotive product portfolio has something for every market and vehicle, from classic to sports models, and is composed of: Castrol GTX, the most traditional brand, recognized for effectively preventing and removing engine sludge; Castrol MAGNATEC, which offers up to 20% superior protection during slow traffic; and Castrol EDGE, developed specially for high-performance cars. There are also the Castrol ACTEVO and POWER1 lines specifically for engines. Biofuels Integrated Supply & Trading (IST) BP started its biofuels operations in 2008 through the joint venture with Tropical Bioenergia, located in Edéia, (state of Goiás), becoming the first international energy company to invest in biofuels from sugarcane in Brazil. BP s IST is responsible for the importanting, exporting and marketing fuels in Brazil a strategic country for the business. In 2011, BP concluded the acquisition of Tropical Bioenergia and of two additional ethanol production sites, one in Itumbiara (Goiás) and another in Ituiutaba (Minas Gerais). Between 2011 and 2013, BP has invested in technology and expansion of its sites, optimizing its product portfolio, which now comprises hydrous and anhydrous ethanol, sugar and power cogeneration. In 2014, BP invested in doubling the Tropical unit, thereby increasing the combined sugarcane processing capacity of the three mills to around 10 million tons a year. In 2017, BP entered into a joint venture with Copersucar, a leader in the commercialization of sugar and ethanol, for the operation of the fuel terminal in Paulínia, São Paulo, significantly expanding its commercial presence in Brazil. Over the last three years, BP has played a relevant role in the supply of gasoline and diesel imported for the domestic automotive market. LNG for Power Generation In 2017, BP signed an investment agreement through which it acquired 30% equity of Gás Natural Açu (GNA), a subsidiary of Prumo Logística. The company still generates 1,000 GWh per year of electricity using sugarcane bagasse, enough energy to supply 1.3 million people. Biofuels play a fundamental role in the dual challenge BP faces of meeting the increasing demand for energy while at the same time reducing carbon emissions. BP Biofuels is a protagonist in this growth process, by applying cutting-edge technology to industry, as well as precision agriculture, grounded in safety, compliance with law and regulations, and performance. GNA is implementing two thermoelectric plants (GNA 1 and 2) at Port of Açu, which will generate 3 GW of power combined. The first unity (1.3 GW) will start its operations in 2021 and the second (1.7GW) in BP is the exclusive supplier of LNG to both plants. Oil and Natural Gas Exploration and Production BP started operating in the oil exploration and production sector in Brazil in the 1970s through risk contracts and drilled four wells in the Santos Basin. After the creation of ANP, between 1999 and 2005, under the concession regime, the company drilled three deepwater exploratory wells in the Foz do Amazonas Basin. Later, between 2011 and 2014, BP acquired 27 concessions for exploratory blocks in the Campos (7), Foz do Amazonas (6), Potiguar (6), Barreirinhas (3), Ceará (2), Parnaíba (2), and Camamu-Almada (1) basins. Of these blocks, BP sold its interests in the Polvo producing field in 2014 and seven blocks were returned. During this period, BP drilled eight wells in the Campos (7) and Camamu-Almada (1) basins and, as a nonoperator, took part in the drilling of eight exploratory wells (pioneers and appraisal ones) in the Parnaíba (2), Potiguar (4) and Campos (4) basins; with six evaluation and discovery plans (PADs): Wahoo (BM-C-30), Itaipu (BM-C-32), Basilisco (BM-C-35), Araraúna (BM-POT-16), Tango (BM-POT-17), and Pitu (BM-POT-17), in addition to an area with a development plan: Xerelete (BC-2). Between October 2017 and June 2018, BP was given the rights to five blocks in the so-called Pre-salt macro-region and adjacent area, which includes the Peroba, Alto de Cabo Frio Central and Dois Irmãos blocks under production sharing contracts, with Petrobras as the operator, and 2 more blocks (C-M-755 and C-M-793) under concession contracts. Currently, BP has a stake in 24 blocks, with the company operating five as concessions, FZA-M-59 (Foz do Amazonas), BAR-M-346 (Barreirinhas) and BM-C-35, CM-755 and CM-793 (Campos), and the other blocks being operated by partners. The Dois Irmãos blocks, CM-755 and CM-793, are waiting for the contracts to be signed. Marine Fuels In 2013, BP and Prumo Logística formed NFX, a joint venture whose primary objective is to import and market marine fuels under the BP Marine brand, one of the world s largest suppliers of fuels, lubricants, and technical services to maritime industries. NFX started its operation in 2016, after completing the construction of the Açu Maritime Fuels Terminal ( TECMA ), located in the Port of Açu in the Rio de Janeiro state. Having safety and operational flexibility as its main pillars and a wide range of delivery options including ex-pipe and offshore, NFX continues to significantly increase its presence in the market and win the trust of the main players in the E&P segment in Brazil. Timeline

5 BP operates in Brazil, in the segments of oil and natural gas exploration and production, biofuels and biopower, lubricants production and supply of aviation and marine fuels. The company currently employs around 6,000 people in the different business units and aims to generate more employment and income for the country, training local professionals, developing Brazilian suppliers with its global experience and valuing the human resources present in the communities in which the company operates. Lubricants Aviation Fuels BP has been in the Brazilian lubricants business with Castrol since With Air BP, the company has been operating in the Brazilian aviation industry since 2002, when BP started its operations in five airports, located in the states of Rio de Janeiro and São Paulo. In 2010, BP s products were used in the first biofueled flight in Brazil, and the company continues to be a pioneer as the first aviation fuel supplier to achieve carbon neutrality for our into-plane fuelling services across an international network of over 250 Air BP operated facilities. We also develop initiatives that help our clients achieve their carbon reduction goals. In the middle of 2018, BP launched carbon offset program for Brazilian Business Aviation market, in partnership with BP Target Neutral. The company operates in 27 airports and helicenters in Brazil s major cities, including the Guarulhos, Viracopos, Galeão, Santos Dumont, Brasília, Confins and Recife airports, and is conducting a joint venture with Petrobahia, known as Air BP Petrobahia. Castrol is a world leader in the production, distribution and commercialization of premium lubricants for the automotive, marine and energy sectors. Synonymous with technology and innovation, Castrol was named the best lubricant brand in Brazil at the 2017 edition of the Os Eleitos awards, which is organized by the most important and influential publication in Brazil s automotive industry, Quatro Rodas magazine. In 2018, Castrol continues being the preferred lubricant brand of both consumers and mechanics, according to the readers of Carros and Mecânico magazines. Our automotive product portfolio has something for every market and vehicle, from classic to sports models, and is composed of: Castrol GTX, the most traditional brand, recognized for effectively preventing and removing engine sludge; Castrol MAGNATEC, which offers up to 20% superior protection during slow traffic; and Castrol EDGE, developed specially for high-performance cars. There are also the Castrol ACTEVO and POWER1 lines specifically for engines. Biofuels Integrated Supply & Trading (IST) BP started its biofuels operations in 2008 through the joint venture with Tropical Bioenergia, located in Edéia, (state of Goiás), becoming the first international energy company to invest in biofuels from sugarcane in Brazil. BP s IST is responsible for the importanting, exporting and marketing fuels in Brazil a strategic country for the business. In 2011, BP concluded the acquisition of Tropical Bioenergia and of two additional ethanol production sites, one in Itumbiara (Goiás) and another in Ituiutaba (Minas Gerais). Between 2011 and 2013, BP has invested in technology and expansion of its sites, optimizing its product portfolio, which now comprises hydrous and anhydrous ethanol, sugar and power cogeneration. In 2014, BP invested in doubling the Tropical unit, thereby increasing the combined sugarcane processing capacity of the three mills to around 10 million tons a year. In 2017, BP entered into a joint venture with Copersucar, a leader in the commercialization of sugar and ethanol, for the operation of the fuel terminal in Paulínia, São Paulo, significantly expanding its commercial presence in Brazil. Over the last three years, BP has played a relevant role in the supply of gasoline and diesel imported for the domestic automotive market. LNG for Power Generation In 2017, BP signed an investment agreement through which it acquired 30% equity of Gás Natural Açu (GNA), a subsidiary of Prumo Logística. The company still generates 1,000 GWh per year of electricity using sugarcane bagasse, enough energy to supply 1.3 million people. Biofuels play a fundamental role in the dual challenge BP faces of meeting the increasing demand for energy while at the same time reducing carbon emissions. BP Biofuels is a protagonist in this growth process, by applying cutting-edge technology to industry, as well as precision agriculture, grounded in safety, compliance with law and regulations, and performance. GNA is implementing two thermoelectric plants (GNA 1 and 2) at Port of Açu, which will generate 3 GW of power combined. The first unity (1.3 GW) will start its operations in 2021 and the second (1.7GW) in BP is the exclusive supplier of LNG to both plants. Oil and Natural Gas Exploration and Production BP started operating in the oil exploration and production sector in Brazil in the 1970s through risk contracts and drilled four wells in the Santos Basin. After the creation of ANP, between 1999 and 2005, under the concession regime, the company drilled three deepwater exploratory wells in the Foz do Amazonas Basin. Later, between 2011 and 2014, BP acquired 27 concessions for exploratory blocks in the Campos (7), Foz do Amazonas (6), Potiguar (6), Barreirinhas (3), Ceará (2), Parnaíba (2), and Camamu-Almada (1) basins. Of these blocks, BP sold its interests in the Polvo producing field in 2014 and seven blocks were returned. During this period, BP drilled eight wells in the Campos (7) and Camamu-Almada (1) basins and, as a nonoperator, took part in the drilling of eight exploratory wells (pioneers and appraisal ones) in the Parnaíba (2), Potiguar (4) and Campos (4) basins; with six evaluation and discovery plans (PADs): Wahoo (BM-C-30), Itaipu (BM-C-32), Basilisco (BM-C-35), Araraúna (BM-POT-16), Tango (BM-POT-17), and Pitu (BM-POT-17), in addition to an area with a development plan: Xerelete (BC-2). Between October 2017 and June 2018, BP was given the rights to five blocks in the so-called Pre-salt macro-region and adjacent area, which includes the Peroba, Alto de Cabo Frio Central and Dois Irmãos blocks under production sharing contracts, with Petrobras as the operator, and 2 more blocks (C-M-755 and C-M-793) under concession contracts. Currently, BP has a stake in 24 blocks, with the company operating five as concessions, FZA-M-59 (Foz do Amazonas), BAR-M-346 (Barreirinhas) and BM-C-35, CM-755 and CM-793 (Campos), and the other blocks being operated by partners. The Dois Irmãos blocks, CM-755 and CM-793, are waiting for the contracts to be signed. Marine Fuels In 2013, BP and Prumo Logística formed NFX, a joint venture whose primary objective is to import and market marine fuels under the BP Marine brand, one of the world s largest suppliers of fuels, lubricants, and technical services to maritime industries. NFX started its operation in 2016, after completing the construction of the Açu Maritime Fuels Terminal ( TECMA ), located in the Port of Açu in the Rio de Janeiro state. Having safety and operational flexibility as its main pillars and a wide range of delivery options including ex-pipe and offshore, NFX continues to significantly increase its presence in the market and win the trust of the main players in the E&P segment in Brazil. Timeline

6 BP operates in Brazil, in the segments of oil and natural gas exploration and production, biofuels and biopower, lubricants production and supply of aviation and marine fuels. The company currently employs around 6,000 people in the different business units and aims to generate more employment and income for the country, training local professionals, developing Brazilian suppliers with its global experience and valuing the human resources present in the communities in which the company operates. Lubricants Aviation Fuels BP has been in the Brazilian lubricants business with Castrol since With Air BP, the company has been operating in the Brazilian aviation industry since 2002, when BP started its operations in five airports, located in the states of Rio de Janeiro and São Paulo. In 2010, BP s products were used in the first biofueled flight in Brazil, and the company continues to be a pioneer as the first aviation fuel supplier to achieve carbon neutrality for our into-plane fuelling services across an international network of over 250 Air BP operated facilities. We also develop initiatives that help our clients achieve their carbon reduction goals. In the middle of 2018, BP launched carbon offset program for Brazilian Business Aviation market, in partnership with BP Target Neutral. The company operates in 27 airports and helicenters in Brazil s major cities, including the Guarulhos, Viracopos, Galeão, Santos Dumont, Brasília, Confins and Recife airports, and is conducting a joint venture with Petrobahia, known as Air BP Petrobahia. Castrol is a world leader in the production, distribution and commercialization of premium lubricants for the automotive, marine and energy sectors. Synonymous with technology and innovation, Castrol was named the best lubricant brand in Brazil at the 2017 edition of the Os Eleitos awards, which is organized by the most important and influential publication in Brazil s automotive industry, Quatro Rodas magazine. In 2018, Castrol continues being the preferred lubricant brand of both consumers and mechanics, according to the readers of Carros and Mecânico magazines. Our automotive product portfolio has something for every market and vehicle, from classic to sports models, and is composed of: Castrol GTX, the most traditional brand, recognized for effectively preventing and removing engine sludge; Castrol MAGNATEC, which offers up to 20% superior protection during slow traffic; and Castrol EDGE, developed specially for high-performance cars. There are also the Castrol ACTEVO and POWER1 lines specifically for engines. Biofuels Integrated Supply & Trading (IST) BP started its biofuels operations in 2008 through the joint venture with Tropical Bioenergia, located in Edéia, (state of Goiás), becoming the first international energy company to invest in biofuels from sugarcane in Brazil. BP s IST is responsible for the importanting, exporting and marketing fuels in Brazil a strategic country for the business. In 2011, BP concluded the acquisition of Tropical Bioenergia and of two additional ethanol production sites, one in Itumbiara (Goiás) and another in Ituiutaba (Minas Gerais). Between 2011 and 2013, BP has invested in technology and expansion of its sites, optimizing its product portfolio, which now comprises hydrous and anhydrous ethanol, sugar and power cogeneration. In 2014, BP invested in doubling the Tropical unit, thereby increasing the combined sugarcane processing capacity of the three mills to around 10 million tons a year. In 2017, BP entered into a joint venture with Copersucar, a leader in the commercialization of sugar and ethanol, for the operation of the fuel terminal in Paulínia, São Paulo, significantly expanding its commercial presence in Brazil. Over the last three years, BP has played a relevant role in the supply of gasoline and diesel imported for the domestic automotive market. LNG for Power Generation In 2017, BP signed an investment agreement through which it acquired 30% equity of Gás Natural Açu (GNA), a subsidiary of Prumo Logística. The company still generates 1,000 GWh per year of electricity using sugarcane bagasse, enough energy to supply 1.3 million people. Biofuels play a fundamental role in the dual challenge BP faces of meeting the increasing demand for energy while at the same time reducing carbon emissions. BP Biofuels is a protagonist in this growth process, by applying cutting-edge technology to industry, as well as precision agriculture, grounded in safety, compliance with law and regulations, and performance. GNA is implementing two thermoelectric plants (GNA 1 and 2) at Port of Açu, which will generate 3 GW of power combined. The first unity (1.3 GW) will start its operations in 2021 and the second (1.7GW) in BP is the exclusive supplier of LNG to both plants. Oil and Natural Gas Exploration and Production BP started operating in the oil exploration and production sector in Brazil in the 1970s through risk contracts and drilled four wells in the Santos Basin. After the creation of ANP, between 1999 and 2005, under the concession regime, the company drilled three deepwater exploratory wells in the Foz do Amazonas Basin. Later, between 2011 and 2014, BP acquired 27 concessions for exploratory blocks in the Campos (7), Foz do Amazonas (6), Potiguar (6), Barreirinhas (3), Ceará (2), Parnaíba (2), and Camamu-Almada (1) basins. Of these blocks, BP sold its interests in the Polvo producing field in 2014 and seven blocks were returned. During this period, BP drilled eight wells in the Campos (7) and Camamu-Almada (1) basins and, as a nonoperator, took part in the drilling of eight exploratory wells (pioneers and appraisal ones) in the Parnaíba (2), Potiguar (4) and Campos (4) basins; with six evaluation and discovery plans (PADs): Wahoo (BM-C-30), Itaipu (BM-C-32), Basilisco (BM-C-35), Araraúna (BM-POT-16), Tango (BM-POT-17), and Pitu (BM-POT-17), in addition to an area with a development plan: Xerelete (BC-2). Between October 2017 and June 2018, BP was given the rights to five blocks in the so-called Pre-salt macro-region and adjacent area, which includes the Peroba, Alto de Cabo Frio Central and Dois Irmãos blocks under production sharing contracts, with Petrobras as the operator, and 2 more blocks (C-M-755 and C-M-793) under concession contracts. Currently, BP has a stake in 24 blocks, with the company operating five as concessions, FZA-M-59 (Foz do Amazonas), BAR-M-346 (Barreirinhas) and BM-C-35, CM-755 and CM-793 (Campos), and the other blocks being operated by partners. The Dois Irmãos blocks, CM-755 and CM-793, are waiting for the contracts to be signed. Marine Fuels In 2013, BP and Prumo Logística formed NFX, a joint venture whose primary objective is to import and market marine fuels under the BP Marine brand, one of the world s largest suppliers of fuels, lubricants, and technical services to maritime industries. NFX started its operation in 2016, after completing the construction of the Açu Maritime Fuels Terminal ( TECMA ), located in the Port of Açu in the Rio de Janeiro state. Having safety and operational flexibility as its main pillars and a wide range of delivery options including ex-pipe and offshore, NFX continues to significantly increase its presence in the market and win the trust of the main players in the E&P segment in Brazil. Timeline

7 BP operates in Brazil, in the segments of oil and natural gas exploration and production, biofuels and biopower, lubricants production and supply of aviation and marine fuels. The company currently employs around 6,000 people in the different business units and aims to generate more employment and income for the country, training local professionals, developing Brazilian suppliers with its global experience and valuing the human resources present in the communities in which the company operates. Lubricants Aviation Fuels BP has been in the Brazilian lubricants business with Castrol since With Air BP, the company has been operating in the Brazilian aviation industry since 2002, when BP started its operations in five airports, located in the states of Rio de Janeiro and São Paulo. In 2010, BP s products were used in the first biofueled flight in Brazil, and the company continues to be a pioneer as the first aviation fuel supplier to achieve carbon neutrality for our into-plane fuelling services across an international network of over 250 Air BP operated facilities. We also develop initiatives that help our clients achieve their carbon reduction goals. In the middle of 2018, BP launched carbon offset program for Brazilian Business Aviation market, in partnership with BP Target Neutral. The company operates in 27 airports and helicenters in Brazil s major cities, including the Guarulhos, Viracopos, Galeão, Santos Dumont, Brasília, Confins and Recife airports, and is conducting a joint venture with Petrobahia, known as Air BP Petrobahia. Castrol is a world leader in the production, distribution and commercialization of premium lubricants for the automotive, marine and energy sectors. Synonymous with technology and innovation, Castrol was named the best lubricant brand in Brazil at the 2017 edition of the Os Eleitos awards, which is organized by the most important and influential publication in Brazil s automotive industry, Quatro Rodas magazine. In 2018, Castrol continues being the preferred lubricant brand of both consumers and mechanics, according to the readers of Carros and Mecânico magazines. Our automotive product portfolio has something for every market and vehicle, from classic to sports models, and is composed of: Castrol GTX, the most traditional brand, recognized for effectively preventing and removing engine sludge; Castrol MAGNATEC, which offers up to 20% superior protection during slow traffic; and Castrol EDGE, developed specially for high-performance cars. There are also the Castrol ACTEVO and POWER1 lines specifically for engines. Biofuels Integrated Supply & Trading (IST) BP started its biofuels operations in 2008 through the joint venture with Tropical Bioenergia, located in Edéia, (state of Goiás), becoming the first international energy company to invest in biofuels from sugarcane in Brazil. BP s IST is responsible for the importanting, exporting and marketing fuels in Brazil a strategic country for the business. In 2011, BP concluded the acquisition of Tropical Bioenergia and of two additional ethanol production sites, one in Itumbiara (Goiás) and another in Ituiutaba (Minas Gerais). Between 2011 and 2013, BP has invested in technology and expansion of its sites, optimizing its product portfolio, which now comprises hydrous and anhydrous ethanol, sugar and power cogeneration. In 2014, BP invested in doubling the Tropical unit, thereby increasing the combined sugarcane processing capacity of the three mills to around 10 million tons a year. In 2017, BP entered into a joint venture with Copersucar, a leader in the commercialization of sugar and ethanol, for the operation of the fuel terminal in Paulínia, São Paulo, significantly expanding its commercial presence in Brazil. Over the last three years, BP has played a relevant role in the supply of gasoline and diesel imported for the domestic automotive market. LNG for Power Generation In 2017, BP signed an investment agreement through which it acquired 30% equity of Gás Natural Açu (GNA), a subsidiary of Prumo Logística. The company still generates 1,000 GWh per year of electricity using sugarcane bagasse, enough energy to supply 1.3 million people. Biofuels play a fundamental role in the dual challenge BP faces of meeting the increasing demand for energy while at the same time reducing carbon emissions. BP Biofuels is a protagonist in this growth process, by applying cutting-edge technology to industry, as well as precision agriculture, grounded in safety, compliance with law and regulations, and performance. GNA is implementing two thermoelectric plants (GNA 1 and 2) at Port of Açu, which will generate 3 GW of power combined. The first unity (1.3 GW) will start its operations in 2021 and the second (1.7GW) in BP is the exclusive supplier of LNG to both plants. Oil and Natural Gas Exploration and Production BP started operating in the oil exploration and production sector in Brazil in the 1970s through risk contracts and drilled four wells in the Santos Basin. After the creation of ANP, between 1999 and 2005, under the concession regime, the company drilled three deepwater exploratory wells in the Foz do Amazonas Basin. Later, between 2011 and 2014, BP acquired 27 concessions for exploratory blocks in the Campos (7), Foz do Amazonas (6), Potiguar (6), Barreirinhas (3), Ceará (2), Parnaíba (2), and Camamu-Almada (1) basins. Of these blocks, BP sold its interests in the Polvo producing field in 2014 and seven blocks were returned. During this period, BP drilled eight wells in the Campos (7) and Camamu-Almada (1) basins and, as a nonoperator, took part in the drilling of eight exploratory wells (pioneers and appraisal ones) in the Parnaíba (2), Potiguar (4) and Campos (4) basins; with six evaluation and discovery plans (PADs): Wahoo (BM-C-30), Itaipu (BM-C-32), Basilisco (BM-C-35), Araraúna (BM-POT-16), Tango (BM-POT-17), and Pitu (BM-POT-17), in addition to an area with a development plan: Xerelete (BC-2). Between October 2017 and June 2018, BP was given the rights to five blocks in the so-called Pre-salt macro-region and adjacent area, which includes the Peroba, Alto de Cabo Frio Central and Dois Irmãos blocks under production sharing contracts, with Petrobras as the operator, and 2 more blocks (C-M-755 and C-M-793) under concession contracts. Currently, BP has a stake in 24 blocks, with the company operating five as concessions, FZA-M-59 (Foz do Amazonas), BAR-M-346 (Barreirinhas) and BM-C-35, CM-755 and CM-793 (Campos), and the other blocks being operated by partners. The Dois Irmãos blocks, CM-755 and CM-793, are waiting for the contracts to be signed. Marine Fuels In 2013, BP and Prumo Logística formed NFX, a joint venture whose primary objective is to import and market marine fuels under the BP Marine brand, one of the world s largest suppliers of fuels, lubricants, and technical services to maritime industries. NFX started its operation in 2016, after completing the construction of the Açu Maritime Fuels Terminal ( TECMA ), located in the Port of Açu in the Rio de Janeiro state. Having safety and operational flexibility as its main pillars and a wide range of delivery options including ex-pipe and offshore, NFX continues to significantly increase its presence in the market and win the trust of the main players in the E&P segment in Brazil. Timeline

8 Values Technology Our Values express how we should act and what we commit to being as an organization. Technology sits at the heart of our strategy, as one of the attributes that set us apart. We have a focused approach, developing only the technologies that enable us to be successful in our industry. We are governed by a values-based Code of Conduct that establishes ethics and compliance expectations and standards for all who work with BP. Respect Excelence Courage One Team For BP, safety is the number one priority. The company understands that operational excellence is the result of a quest for constant improvement. Therefore, it has implemented an Operating Management System (OMS) across all its global business units, assuring a consistent and systematic approach about how it manages safety and operational risk, driving continuous performance improvements and adding long-term value. We have in-depth technical knowledge about oil and gas, derived from seismic imaging and oil recovery by our Exploration & Production department, along with expertise in advanced fuels, lubricants, petrochemical processes, and alternative energy. In the business of biofuels, the implementation of digital technology is a key element to achieving operational efficiency. For over one hundred years, BP has made significant discoveries throughout its history, growing from a local oil and gas company into a global energy group. Access the contents of this document online. Always investing in pioneering technologies and the development of highly qualified professionals, the BP Group operates in 70 different countries and employs around 75,000 people. Our activities may cause impacts to the environment and to the communities in which we operate. Our operations can positively impact communities through job creation, increased tax revenue, business opportunities for local suppliers and commerce, and support for community development initiatives. Engagement with communities takes place through transparent dialogue, with respect for local cultures and diversity. Using a communications channel, we provide information about our activities, allowing the communities around our operations to gain knowledge to assess and understand what we are doing, which may impact them. This approach helps to build strong, mutually beneficial relationships over the long-term and enables all sides to work through any disagreements in a constructive way. BP is one of the worldwide leaders in oil and natural gas exploration, development and production. In 2017, the company produced 3.6 million barrels of oil equivalent per day. BP owns, wholly or in part, 11 refineries in the world. BP is a global biofuels supplier through its dedicated business unit, BP Biofuels. It was the first international oil company to invest in the Brazilian ethanol production from sugarcane. Every year, Air BP delivers more than 25 billion liters of jet kerosene and aviation gasoline to over 900 airports in the world. Castrol, a BP Group company, supplies high performance lubricants for vehicles powered by gasoline, ethanol, diesel and natural gas, in addition to a variety of products for the automotive, industrial, marine and energy markets. BP owns, wholly or in part, 14 wind farms located in eight US states, with a gross generating capacity of more than 2,000 megawatts of electricity. Communities and the Environment The world is growing as never before, creating opportunities for billions of people. To learn more, visit: BP provides fuel for transportation and power generation, lubricants for engines and industrial equipment, retail services and petrochemical products for everyday items. Technology also fundamentally serves to support the pursuit of our main priority: safe operational performance. This is reflected in the management of corrosion and advances in detection and inspection, with sensors, and data analysis, in addition to other methods and activities. Thus, we strive to maximize the positive impacts, supporting the sustainable development of these regions, and to mitigate potential negative impacts. At BP, we embrace this two-fold challenge and are reducing the emissions of our operations, improving our products to help our clients reduce their emissions, and creating businesses with low carbon emissions. BP Group presence in Brazil For us, technology is fundamentally about contributing to our number one priority: safety, through corrosion management and advances in detection and inspection using sensors, data analysis, alert systems, and robotics. Energy Transition And all this growth requires energy. To the extent that the global demand for energy grows, so does the importance of this resource being produced and distributed using alternatives that, above all, reduce carbon emissions. BP: one of the world s largest energy groups