1. The Southern Gas Corridor to Europe – Progress Bud Fackrell - President, BP Turkey

2. Rationale for the Southern Corridor European gas demand European gas suppliers bcma Source: BP Energy Outlook 2035, January 2015 SD2 and future SC volumes can fill in the gap 2

3. The Southern Gas Corridor BULGARIA F.Y.R.O.M. GREECE ALBANIA ITALY BOSNIA HERZEGOVINA CROATIA SLOVENIA HUNGARY SLOVAKIA AUSTRIA ROMANIA BLACK SEA CASPIAN SEA AZERBAIJAN GEORGIA MONTENEGRO SERBIA Shah Deniz Field South Caucasus Pipeline Expansion (SCPX) Trans Anatolian Pipeline (TANAP) Trans Adriatic Pipeline (TAP) Interconnector Greece Bulgaria (IGB) TURKEY MEDITERRANEAN SEA IRAN IRAQ SYRIA CYPRUS LEBANON ISRAEL JORDAN EGYPT LIBYA MALTA Shah Deniz 2 and SCP expansion Trans-Anatolian Pipeline (TANAP) Trans-Adriatic Pipeline (TAP) BP SOCAR TPAO Petronas LUKoil NICO 28.8% 16.7% 15.5% 10% 19% 10% SOCAR BOTAS BP 58% 12% 30% BP SOCAR FLUXYS ENAGAS Statoil AXPO20% 16% 5% 19%.

4. Progress since Final Investment Decision – SD2 & SCPX Project progress at circa 35% Major contracts awarded worth ~$10bln Seven production wells completed in preparation for first gas Jacket, deck and living quarters fabrication started and yard upgrades completed Land for the first 200 km acquired in Azerbaijan Construction of Compressor Station 1 in Georgia commenced and first shipment of pipe received 162 equipment suppliers from 23 different countries More than 9,500 people working across all main contracts, 90% of them Azerbaijanis and Georgians 4 SD2 jacket leg taking shape at the Baku Deepwater Jacket Factory (BJDF) Sections of pipe ready at pipe storage facility in Azerbaijan.

5. Progress since Final Investment Decision – TANAP & TAP TANAP Detailed engineering underway Line pipe and bends contracts awarded 56’’ onshore pipeline construction contracts awarded Early works activities nearing completion Land Acquisition reported as complete for the first 100 km of each spread Ground breaking ceremony on 17 March TAP One-year start-up window confirmed in support of January 2020 start Project Management Contract for Onshore scope awarded to Technip Procurement and contracting getting underway Key contract for construction of Roads & Bridges in Albania awarded 5 TAP has invited companies to pre-qualify for offshore pipeline construction (105 km) & line pipes. One of the TANAP construction camps.

6. Future potential South Caspian basin: gas fields and prospects 6 Babek Shafag Asiman Absheron Shah Deniz ACG (oil) ACG Deep (gas) Umid

7. The Southern Gas Corridor to Europe – Progress Bud Fackrell - President, BP turkey