1

BP Energieausblick 2035 Gerlinde Hofer, BP Austria Head of Country 19. November 2015

© BP p.l.c. 2015 2

0

3

6

9

12

15

18

1965 2000 2035

Oil

Gas

Coal 0%

10%

20%

30%

40%

50%

1965 2000 2035

Nuclear

Global energy demand by fuel

Consumption by fuel

Billion toe

Hydro Renew.*

*Includes biofuels

Shares of primary energy

Oil

Coal

Gas

Hydro Nuclear Renewables*

Energy Outlook 2035

0

3

6

9

12

15

18

1990 2005 2020 2035

Billion toe

World energy outlook

• Strong demand in the next two decades

• Fossile fuels remain dominant energy sources

• Non-OECD growth is most significant driver

• Technology and innovation increase potential of available resources

Outlook 2035:

By consumption By region

0

3

6

9

12

15

18

1990 2005 2020 2035

Billion toe

OECD

Non-OECD

Other

Power generation

Transport

Industry

By energy sources

0

3

6

9

12

15

18

1990 2005 2020 2035

Billion toe

Oil

Coal

Gas

Renewables*

Hydro

Nuclear

* Incl. Biofuels

toe: tons oil equivalent

3

4

40

60

80

100

120

140

Feb.11 Mär.12 Apr.13 Mai.14 Jun.15

Annual average

Oil inventories and price

Mbbls OECD commercial inventories

Source: includes data from the International Energy Agency © OECD/IEA 2015 and Platts.

$/bbl Dated Brent

BP Statistical Review of World Energy

© BP p.l.c. 2015

2500

2600

2700

2800

2900

Jän.14 Mai.14 Sep.14 Jän.15 Mai.15

2010-14 range

BP Alternative Energy

BP’s Alternative Energy portfolio consists of Biofuels and Wind. In 2014 BP doubled the capacity of its largest operation in Brazil to produce ethanol from sugar cane. BP holds interests in 16 US wind farms with a total capacity of 2,600 megawatts. Renewables are the fastest growing energy source, making up 3% of today’s energy supply (excl. hydropower)

5

GDP, energy demand and carbon emissions

100

200

300

400

500

1990 2005 2020 2035

GDPEnergyCO₂

Index: 1990 = 100

Energy Outlook 2035

Billion tonnes CO2

Global emissions

0

6

12

18

24

30

36

42

1965 2000 2035

IEA 450 Scenario

GDP, energy and emissions

Energy resources are plentiful Hydroelectricity

Ocean

Geothermal

Offshore wind

Onshore wind

Biomass

Nuclear (Uranium)

Coal Gas Oil

Solar © BP p.l.c. 2015

Technology will unlock future oil and gas resources

© BP p.l.c. 2015

Emerging technologies could transform the energy landscape

3D printing

Hydrogen infrastructure

and storage

Data analytics

Fuel cells

Beyond silicon Computing

Automation via robotics

Solar conversion

Better batteries for vehicles

2050

2015

2040

2030

© BP p.l.c. 2015

Technology can make power cheaper and cleaner

Carbon price of $80 per tonne of C02 equivalent

Levelized cost of electricity for North America to 2050 $ per megawatt hour (MWh)

Carbon price of $40 per tonne of C02 equivalent

Integration cost of $30 per MWh

Integration cost of $8 per MWh

Electricity generation cost

New combined -cycle gas turbine

(CCGT)

New coal

Onshore wind

Nuclear CCGT with carbon capture

and storage(CCS)

Utility-scale solar

photovoltaic

59

84

145

103

133 120 107

210

80 71 75

© BP p.l.c. 2015

Cost range by 2050 for today’s established technologies

Technology can make transport more energy efficient

12.0 11.7 11.4 13.9

12.6

19.8

13.2 11.6

26.2

Gasoline Gasoline hybrid

Diesel Diesel hybrid

Battery electric

Compressed natural gas

hybrid

Fuel cell

14.3

42.9

16.8

11.7

Carbon price of $80 per tonne of C02 equivalent

Carbon price of $40 per tonne of C02 equivalent

Fuel cost

Vehicle cost

© BP p.l.c. 2015

Technical potential of transport vehicles to 2050 Medium-sized passenger vehicle cost (in 2012 US cents per km)

11.4

x2

© BP p.l.c. 2015

Carbon dioxide created by consuming

fossils fuels will continue to be a major issue

Energy consumption has doubled in the past 30 years

The energy journey

bp.com/energyoutlook bp.com/technologyoutlook