1. Oil Sands : A Customer’s View Woodrow Wilson Centre October 17, 2005

2. 2 A global supply view Major oil trade movements 6/28/2016© BP presentation name BP Statistical Review of World Energy 2004 © BP Trade flows worldwide (million barrels per day) 1.9 2.3 2.4 5.3 1.9 7.2 5.4 1.5 1.7 1.4 1.8 1.4 3.1

3. 3 A global supply view Developments in oil trade movements to 2025 6/28/2016© BP presentation name BP Statistical Review of World Energy 2004 © BP Energy Information Administration / International Energy Outlook 2004 million barrels per day +22 +3 +5 +1 +2 ( 2 ) ( 6 ) ( 5 ) ( 3 ) ( 9 )

4. 4 Suncor Valero MAP- Robinson BP- Whiting Edmonton Coop- Regina Tesoro- Mandan Sinclair- Casper Frontier- Cheyenne Sinclair- Rawlins Tesoro ChevronTexaco Salt Lake City Flying J Holly ConocoPhillips- Wood River NCRA- McPherson ConocoPhillips- Ponca City MAP- St.Paul Flint Hills- Pine Bend Murphy- Superior Imperial Shell Suncor United- Warren Sarnia MAP- Detroit MAP- Canton Premcor- Lima PetroCanada- Oakville BP- Toledo Sunoco - Toledo Citgo- Lemont ExxonMobil- Joliet Hardisty Western Navajo Lion Crown Gary WIlliams Premcor Valero ConocoPhillips ChevronTexaco BP ChevronTexaco Valero ExxonMobil Shell Tesoro ConocoPhillips Valero Paramount PetroCanada Shell Ultramar Imperial Vitol ExxonMobil Cenex Montana Ref- Great Falls Billings ConocoPhillips ChevronTexaco- Burnaby ConocoPhillips- Ferndale Shell- Anacortes Tesoro- Anacortes BP- Cherry Point Alon Valero BP CITGO Coastal ConocoPhillips ExxonMobil Fina Flint Hills LCR ExxonMobil Shell Motiva ConocoPhillips Motiva Premcor Valero MAP Valero Crown MAP Shell Murphy Motiva Placid Shell Chalmette CITGO Valero Giant Sunoco Valero Motiva Sunoco ConocoPhillips Sinclair- Tulsa Hunt MAP- Catlettsburg Imperial- Nanticoke Irving Imperial Petro-Canada Shell Canada Husky- Lloydminster Valero Frontier- El Dorado Farmland- Coffeyville ConocoPhillips - Borger Core Extended New Market Development Existing and New markets are key

5. 5 Primary demand is increasing Oil Sands have competing products Core, Extended and Gulf markets are the most attractive – but access must expand Challenges remain – Pipelines & Diluent BP plans to participate as a key customer The Canadian Industry Summary

6. Oil Sands : A Customer’s View Woodrow Wilson Centre October 17, 2005