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BHP Drilling & Completion Update ; 2016 Guidance

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Quick Summary Petroleum capital expenditure of US$2.9 billion (down from $3.1 previously reported) ONshore US Capital Expenditure Guidance of $1.4 Bilion Coventional Capital Expenditure Guidance  of $1.5 Billion Production Guidance  for 2016 is now 237 MMboe The Group continues to pursue high-quality oil plays with additional prospective acreage acquired in the Beagle sub-basin in Western Australia and the Western Gulf of Mexico

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Total petroleum production –(Guidance 2016)

Total petroleum production for the September 2015 quarter decreased by four per cent to 64.5 MMboe. Guidance for the 2016 financial year remains unchanged at 237 MMboe, despite lower
planned capital investment across our operations.

2016 Production Guidance (Cum) : 237 MMboe

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