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BP p.l.c.
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=== <ref>https://www.youtube.com/watch?v=o_m0a1JZdco&ab_channel=bp</ref>Business Overview & Industry Chain ([https://www.youtube.com/watch?v=o_m0a1JZdco&ab_channel=bp youtube]) === * Exploration: one of BP's distinctive strengths ** After negotiating and acquiring the right to explore, the firm deploys its specialised skills, especially [[:en:Geophysical_imaging|Seismic Imaging]], to locate oil and gas sources, which is usually miles beneath the earth surface / sedbed * Development & Extraction ** BP specialises in <u>deep water operations</u> and <u>giant fields</u>: Prudhoe Bay in Alaska, to Ramallah in Iraq, to PSVM in Angola ** '''the next step is either sell the raw oil/gas to the market, or supply it to downsteam operations''' ** production rate: 2.3 Million barrels of oil per day ** <u>reverses</u>: Β£11 Billion, in key locations around the world; Angola, Azerbaijan, North Sea(UK), Gulf of Mexico(USA) ** several complex <u>gas value chains</u>, supplying it to Asia, Europe, and other markets worldwide * Transportation & Trading ** extensive <u>transport network</u>: ships, trains, trucks, and thousands of miles of pipelines ** expert traders based in key market around the world to <u>buy and sell</u> to regional and international markets supply and trading is closely linked with our portfolio of high-quality downstream activities that add value by '''turning oil and gas safely and efficiently into premium products''' * Manufacturing ** refineries apply the latest technology and understanding to '''refine process and blend hydrocarbons to make fuels lubricants and petrochemicals''' * Marketing ** BP supplies consumers and other end-users with <u>energy for heat and light</u>, advanced <u>lubricants to keep engines</u> moving, and premium <u>fuels for transportation</u> ** world-leading processes '''produce petrochemicals''' such as acetic acid from which a wide <u>variety of everyday items are made</u> * Investment ** BP's lower carbon businesses are managed through their alternative energy team ** the team develop and invest in biofuels with a focus on: *** integrating them into the <u>hydrocarbon value chain</u> *** operating a <u>wind business</u> in the United States
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