Research Analyst at Citi
Alastair Syme is the Global Head of Energy Research and Senior Equity Analyst at Citi, specializing in the Basic Materials sector with a particular focus on energy companies. He actively covers firms such as Chevron, BP, and ConocoPhillips, having generated a notable track record with a 62% success rate and an average return of 17.1% per rating, including a standout 118.7% return on ConocoPhillips. Syme began his analyst career before 2015 and has held senior energy research roles leading up to his current position at Citi, where he spearheads global energy strategy and analysis. He holds professional investment research credentials, with likely FINRA registration and securities licenses required by his senior analyst role at a major U.S. bank.
Al Syme asked about BP's confidence in the geological map published for the Boomerangy discovery, inquiring if the post-drill assessment differed from pre-drill expectations.
Murray Auchincloss (CEO, BP) expressed strong confidence in Boomerangy, detailing the 1,000-meter column with oil and rich gas condensate, and confirmed the pre-drill and post-drill seismic were very close. He also mentioned securing a rig for an appraisal well and flow test by late next year.
Al Syme asked about BP's confidence in the geological map for the Bumerangue discovery, specifically how the pre-drill assessment compares to current data and the decision to publish the map at an early stage.
Murray Auchincloss (CEO, BP) expressed high confidence in Bumerangue, detailing a 1,000m column with 100m of oil and 900m of rich gas condensate. He noted the pre-drill seismic was accurate, imaging the reservoir within a couple of feet over 300 sq km. BP will update the market on gas-oil ratios and volumes after further lab sampling and plans an appraisal well with a flow test by the end of next year.
Performance on expert-authored financial analysis tasks