May 25, 2015
Presentation to the Board of Directors
Agenda
Organizational Direction
Situational Analysis
Alternate Goals and Plans
Goal and Plan Evaluation
Goal and Plans Selection
Implementation
Conclusion
Organizational Direction
Organizational Direction
We strive to be a safety leader in our industry, a world-class operator, a responsible corporate citizen and a great employer.
We are working to enhance safety and risk management, earn back trust and grow value.
Keeping a relentless focus on safety is a top priority for us.
Good management of risk helps to protect the people at the frontline, the places in which we operate and the value we create.
We understand that operating in politically-complex regions and technically-demanding geographies, such as deep water and oil sands, requires particular sensitivity to local environments.
We continue to enhance our systems, processes and standards, including how we manage contractors.
Situational Analysis
Mitigate and eliminate situations that put the company at risk
Goal transparency is key to building trust and relationships
Simplify goals so interpretations are clear
Have a broader presence in the communities we serve
Communicating is key to building trust and relationships
Alternatives
PLAN A
PLAN B
Alternatives
Mistrust by the community
Lack of generated revenue
Increased injuries to our team
Lack of knowledge regarding BP
Misperceptions regarding BP
Possible increase revenue by the competition
Goals
Recognize potential for our presence to impact the lives of indigenous communities Sensitivity to community displacement as a result of our company projects Complete Revenue transparency with governments, non-governmental organizations and international agencies
Manage environmental sensitivities and the potential impacts on communities Create a culture of Safety
Oversight
Day to day risk identification and management occurs in the group operations and functions, with the