BP 2015 Annual Report Download - page 21

5 Corrosion prevention
We use automated phased array ultrasonic
testing (PAUT) across our refineries to safely
inspect our tanks and pipelines. Our PAUT
technology uses ultrasonic pulses to examine
the integrity of these assets and detect cracks
in a non-destructive way. The technique reduces
facility downtime, decreases turnaround costs
and risks, and avoids production losses.
8 Petrochemicals
BP is one of the world’s largest producers of
purified terephthalic acid (PTA), a raw material
for many consumer products. In 2015 we
entered into licensing agreements in Oman and
China, for plants that will use our latest
generation PTA technology, with a combined
capacity to produce more than two million
tonnes of PTA each year.
9 Biofuels
We are developing biobutanol in conjunction
with DuPont. This second-generation biofuel can
be blended into gasoline in greater proportions
and is more compatible than ethanol with the
infrastructure used for existing fuel supplies.
6 Lubricants
Castrol’s new technology, the Nexcel oil cell,
is an easy-to-change unit containing both
engine oil and filter. We believe the technology
is a significant oil change innovation for the
automotive industry. It is designed to lower CO2
emissions, improve vehicle servicing and
increase the recycling of used oil for cars of
the future.
7 Fuels
BP began marketing a range of ‘dirt-busting’
fuels with a launch in Spain in 2015. The fuels
contain our new ACTIVE technology that cleans
and protects car engines with proprietary
additives. Our fuels are designed to remove
deposits and prevent their formation – helping
engines perform in the way they were designed
to do.
We work closely with governments, national oil
companies, other resource holders and local
communities to build long-lasting relationships
that are crucial to the success of our business.
We place enormous importance on acting
responsibly and meeting our obligations as we
know from experience that trust can be lost. We
work on big and complex projects with partners
ranging from other oil companies to suppliers
and contractors. Our activity creates value that
benefits governments, shareholders, customers,
local communities and other partners.
We believe good communication and open
dialogue are vital if we are to meet their
expectations.
Internally we put together collaborative teams of
people with the skills and experience needed to
address complex issues, work effectively with
our partners, engage with our stakeholders
and help create shared value.
Strong relationships
Universities
and research
institutions
BP
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Governments
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Customers
National
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Suppliers,
partners and
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Communities
Industry
bodies
Banks and
providers of
finance
4 Enhanced oil recovery (EOR)
Bright Water technology, invented by BP, helps
to maximize oil production by recovering and
moving more oil to our wells. We use it in more
than 140 wells worldwide to date. It costs less
than $5 to recover each additional barrel of oil
released through Bright Water, and we deliver
more light oil EOR production than any other
international oil company.
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Strategic report
BP Annual Report and Form 20-F 2015 17