1. Leveraging Technology / Delivering Growth Bill Schrader Chief Operating Officer 21 October 2010

2. TNK-BP at a glance A unique Russian company owned by BP and AlfaAccessRenova (50/50) Russia’s top-three and globally top- ten private sector oil producer Production 1.7 million bpd 139% average reserve replacement ratio in 6 years Well balanced Brownfield and Greenfield portfolio 25,000 km of pipelines 5 1/2 refineries in Russia and Ukraine Refining 675,000 barrels per day 1,500 TNK and BP branded retail sites 50,000 employees Paid $109 billion in taxes, duties and excise since inception 2

3. Brownfield: Samotlor World-class field (+ 55 bn bbl OOIP) Startup 1969.......now at +90% water cut Waterflood management Water shut-off ‘Stream-Line’ seismic modeling to target bypassed oil Water Shut-off (chemical) Streamline modeling delivers better understanding of reservoirs

4. Samotlor-Ryabchek Shallow horizon, thin-bedded reservoir –Limited economic potential Technology breakthrough –Long horizontal wells –Multi-staged fractured completions –Controls fracture vertical height

5. Greenfield: VCNG Pre-Cambrian field (+600 million years old) Highly complex geology, remote location Technology applied: –Completion design avoids water ingress –Better seismic models to improve understanding of reservoir and development concept Completion design Design endorsed by BP including drilling mud review Improved seismic models

6. Technology outlook 70+ technology pilots currently running –Compared to 17 in 2009 2010 investment in technology pilots $110 million Building up capacity to deliver a new generation of Greenfield projects – Yamal