Exploration & Production
BHP Continues Eagle Ford Development, Pushes Production Higher
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BHP Billiton has announced an operational review for the nine months ending March 31, 2014.
Total petroleum production –Total petroleum production for the nine months ended March 2014 increased by three per cent to 181.3 MMboe.
Following the successful divestment of Liverpool Bay, production guidance for the 2014 financial year has been rebased to 245 MMboe.
The two per cent reduction to previous guidance also reflects lower gas and natural gas liquids production in the Hawkville area of the Eagle Ford, although planned well remediation activities have now been completed.
Total Onshore US production of approximately 107 MMboe is now anticipated for the 2014 financial year and primarily reflects a lower contribution from natural gas. The overall reduction in full-year guidance has been…
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