What Will Happen to BP Now?: Looking At The British Giant’s Future In The Aftermath Of GOM Disaster by GlobalData

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									       What Will Happen to BP Now?: Looking At The British Giant’s
                 Future In The Aftermath Of GOM Disaster
       Reference Code: GDGE0639VPT                                                                                                                     Publication Date: AUG 2010


       1         Table of Contents                                                                   1.1       List of Tables
       1 Table of Contents.................................................................1         Table 1: BP, Divestment Details............................................... 7
        1.1 List of Tables .................................................................1
        1.2 List of Figures................................................................1
       2 Summary .............................................................................2
       3 What Will Happen to BP Now?: Looking At The British                                         1.2       List of Figures
         Giant’s Future In The Aftermath Of GOM Disaster ..............2                             Figure 1:  Oil Spill Costs, Gulf of Mexico, May 28- July 30,
        3.1 The British Giant Continues To Grapple Not Only With                                                2010 ......................................................................... 2
             The Mounting Losses Due To GOM Disaster, But Also                                       Figure 2: Gulf of Mexico Oil Spill, 2010 ................................... 3
             The Liabilities That Arise As A Result ...........................2                     Figure 3: Oil Impact Assessment, Deepwater Horizon, 2010 .. 3
        3.2 What Started as a Deepwater Explosion, has Emerged                                       Figure 4: Oil Spill Rate, Gulf Of Mexico, April-July, 2010 .......... 3
             as One of the Largest Oil-Spills in History…and now                                     Figure 5: BP, Dividends, 2005-09.............................................. 4
             BP’s Nightmare .............................................................3           Figure 6: BP’s Assets Divestments to Apache, 2010 ................ 5
        3.3 The Company has now Started to Counter the Crises                                        Figure 7: Badin Block, BP’s Significant Asset in Pakistan,
             on Different Fronts…as it Prepares for the Difficult                                               2010 ......................................................................... 6
             Times Ahead .................................................................4          Figure 8: Nam Con Son Pipeline Project, location map, 2010 6
        3.4 BP Plans to Sell-Off Some of its Non-Core Assets to                                      Figure 9: BP, Capital Expenditures, 2008-2010 ........................ 8
             Generate Funds for Accruing Liabilities.........................5                       Figure 10: BP, Asset Location, 2010 ......................................... 8
          3.4.1      BP has Announced it is Selling Its Pakistan and                                 Figure 11: BP, Asset Location, Post the Gulf of Mexico Oil Spill
                     Vietnam Assets to Generate Funds for the Oil                                               Crisis, 2010 .............................................................. 9
                     Spill ......................................................................6   Figure12: BP, Up-case, Mid-case and Down-case Scenario,
          3.4.2      BP Intends to Sell Its Colombian Assets to                                                 2010 ....................................................................... 10
                     Ecopetrol and Talisman Energy ...........................6                      Figure13: Share Prices of Significant Oil & Gas Players, April
          3.4.3      BP is also Selling Its Refining and Marketing                                              20- August 05, 2010............................................... 10
                     Assets ..................................................................7      Figure14: BP, Subsidiaries and Equity Accounted Entities, Net
        3.5 …while on the Cost Side, the Company Aims to Reduce                                                 Cash Flow, 2008-09 ............................................... 11
             its Capex and Other Expenditures, to Pay for the                                        Figure15: Kirby Oil Sands, Acreage Position, 2010................ 11
             Liabilities and Other Costs ............................................8               Figure16: Change in the Market Capitalization of Significant
        3.6 In its Strategy to Manage the Crises and, BP Might                                                  Players, 2010 ......................................................... 12
             Witness Fundamental Changes in its Operations and                                       Figure17: Reserves Position of Significant Oil and Gas
             Financial Position ..........................................................8                     Players, 2010 ......................................................... 12
        3.7 Though doubts remain on BP’s Future and its Ability to
             Recover from the Worst Exploration Disaster…the
             British Giant has Ever Seen ........................................10
        3.8 …however, Emerging from the Crisis…Though Difficult,
             is Still Not Impossible for BP .......................................10
        3.9 The Company will however be Quite Different from the
             BP as we knew before the Crisis.................................11
       4 Appendix............................................................................12
        4.1 Methodology................................................................12
          4.1.1      Coverage............................................................12
          4.1.2      Secondary Research..........................................13
          4.1.3      Primary Research ..............................................13
          4.1.4      Expert Panel Validation ....................................
								
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