Skip to main content Jefferies Energy Conference – BHP Billiton Limited Investor Presentation | Shale Experts
Loading...
Pm

Jefferies Energy Conference – BHP Billiton Limited

BHP Billiton Limited · Dec 4, 2010 · 39 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Jefferies Energy Conference – BHP Billiton Limited – slide 1
    BHP Billiton Petroleum Jefferies Energy Conference J. Michael Yeager Chief Executive BHP Billiton Petroleum D December b 2010
  2. Jefferies Energy Conference – BHP Billiton Limited – slide 2
    Agenda BHP Billiton Corporation overview Petroleum overview Petroleum performance Near N tterm outlook tl k Longer g term opportunities pp Summary BHP Billiton Petroleum, Jefferies Energy Conference, December 2010…
  3. Jefferies Energy Conference – BHP Billiton Limited – slide 3
    BHP Billiton Corporation A global upstream portfolio Petroleum Aluminium Base Metals A 450mbd oil and gas exploration 4 global producer of bauxite and 4 aluminium 3 global producer of copper, and production business company based on…
  4. Jefferies Energy Conference – BHP Billiton Limited – slide 4
    The power and reach of a super major behind BHP Billiton Petroleum Market Capitalisation at 31 October 2010 (USbn) BHP Billiton has the balance sheet to 350 4th largest company in the undertake large and 300 world by market…
  5. Jefferies Energy Conference – BHP Billiton Limited – slide 5
    Petroleum is a significant contributor to the BHP Billiton Group Underlying EBIT(a) Underlying EBIT margin(a) (FY10 US billion) (FY10, (FY10 %) (FY10, 21 19.7B Metallurgical Coal 34% Metallurgical Coal 18 Manganese M Manganese 33%…
  6. Jefferies Energy Conference – BHP Billiton Limited – slide 6
    Agenda BHP Billiton Corporation overview Petroleum overview Petroleum performance Near N tterm outlook tl k Longer g term opportunities pp Summary BHP Billiton Petroleum, Jefferies Energy Conference, December 2010…
  7. Jefferies Energy Conference – BHP Billiton Limited – slide 7
    Core Strategy Be functionally strong where we compete Fundamentals focus safety, volume, cost Take large, operated positions with multiple long life opportunities Explore globally globally, but with an emphasis on proven…
  8. Jefferies Energy Conference – BHP Billiton Limited – slide 8
    Large Positions UK P t l Petroleum HQ Algeria Pakistan Gulf of Mexico Trinidad Vietnam Philippines Malaysia Western Australia Bass Strait Producing and development Exploration Proven Basins BHP Billiton…
  9. Jefferies Energy Conference – BHP Billiton Limited – slide 9
    Very simple organisational model Global functional organisation Exploration Development Production Marketing Safety Safety Safety Revenue per barrel Resource adds Development Plans Volumes Finding costs Project Execution Per…
  10. Jefferies Energy Conference – BHP Billiton Limited – slide 10
    Two organisational principles Excellence Petroleum Headquarter Houston Centralised management/planning Centralised services Common worldwide standards Functional excellence Western Bass Gulf of UK Trinidad Pakistan Algeria…
  11. Jefferies Energy Conference – BHP Billiton Limited – slide 11
    Agenda BHP Billiton Corporation overview Petroleum overview Petroleum performance Near N tterm outlook tl k Longer g term opportunities pp Summary BHP Billiton Petroleum, Jefferies Energy Conference, December 2010…
  12. Jefferies Energy Conference – BHP Billiton Limited – slide 12
    Outstanding performance metrics across the board Four years of annual gains ... Excellent safety performance 11% CAGR volume growth since FY2007 100% reserves replacement FY2007-FY2010 Low operating cost/boe Low depreciation p p…
  13. Jefferies Energy Conference – BHP Billiton Limited – slide 13
    Safety Continued focus Total Recordable Incident Frequency Rate (TRIFR) (Incidents per million hours worked) 5 2.36 Total Recordable Incident Rate in FY2010 4 Follows best ever Petroleum performance in 3 FY2009 at 1.9 TRIFR Part of…
  14. Jefferies Energy Conference – BHP Billiton Limited – slide 14
    Safety Lost Time Injury performance Source: OGP Independent Study 2009 BHP Billiton (FF) BHP Billiton Petroleum, Jefferies Energy Conference, December 2010 Slide 14
  15. Jefferies Energy Conference – BHP Billiton Limited – slide 15
    Volume history (mmboe/year) Excellent FY2010 result 170 Volume up 15% year on year 160 434 mbd Base production well 11% CAGR managed with 93% operated uptime 150 Growth leveraged towards 140 378 mbd liquids and excellent…
  16. Jefferies Energy Conference – BHP Billiton Limited – slide 16
    Operating cost 3 year average operating cost per boe, FY2008FY2010 (US/boe) Highly competitive unit 15 operating costs 12 Cos Costs s co controlled o ed in a d difficult cu environment 9 Significant focus on the…
  17. Jefferies Energy Conference – BHP Billiton Limited – slide 17
    Depreciation Depreciation per boe vs Peer Group, FY2008 - FY2010 (US/boe) 25 Competitive depreciation per boe despite recent higher 20 cost developments 15 Depreciation per boe Peers remains below US13 into FY2011 10 BHP…
  18. Jefferies Energy Conference – BHP Billiton Limited – slide 18
    Reserve replacement ((net mmboe)) 180 172 Production Volume* 159 152 Reserves Adds 144 150 138 130 116 120 120 90 60 30 0 FY2007** FY2008 FY2009 FY2010 * Restated Production Volumes between Gas & NGLs…
  19. Jefferies Energy Conference – BHP Billiton Limited – slide 19
    EBIT margin 3 year average EBIT per boe, FY2008FY2010 (US/boe) 40 30 Liquids priced barrels 20 FY2006: 62% of 310 mbd 10 FY2010: 73% of 434 mbd 0 BHP Murphy Hess Apache Devon Anadarko Talisman Combined with low cash and…
  20. Jefferies Energy Conference – BHP Billiton Limited – slide 20
    EBIT return on capital employed 3 year average EROC (%, FY2008FY2010) 60 Efficient capital investment 50 program 40 Project costs as planned Outstanding drilling 30 performance 20 All phases of execution h dl d wellll…
  21. Jefferies Energy Conference – BHP Billiton Limited – slide 21
    Industry leading drilling performance Gulf of Mexico deepwater (2,000 ft water depth) exploration and appraisal wells, 1/2000 11/2009 Days per 1,000 1 000 feet of drilling 8 7 6 5 4 3 2 1 24 106 49 44 42 9 11 13 5…
  22. Jefferies Energy Conference – BHP Billiton Limited – slide 22
    We operate two of the worlds deepest TLPs Neptune Shenzi BHP Billiton Petroleum, Jefferies Energy Conference, December 2010 Slide 22
  23. Jefferies Energy Conference – BHP Billiton Limited – slide 23
    Key messages Scalable organisation Highly functional but low cost organisation Add more barrels without overhead growth Production growth at 11% CAGR since FY2007 Projects on time and on budget Flawless drilling execution Cost…
  24. Jefferies Energy Conference – BHP Billiton Limited – slide 24
    Agenda BHP Billiton Corporation overview Petroleum overview Petroleum performance Near N tterm outlook tl k Longer g term opportunities pp Summary BHP Billiton Petroleum, Jefferies Energy Conference, December 2010…
  25. Jefferies Energy Conference – BHP Billiton Limited – slide 25
    Ongoing Programs and Projects Oil Gas LNG UK Liverpool Bay (46.1%) Beginning gas blowdown Pakistan Zamzama (38.5%) Front-end Compression Gulf of Mexico North West Shelf (16.67%) Petroleum HQ North Rankin B Atlantis…
  26. Jefferies Energy Conference – BHP Billiton Limited – slide 26
    Atlantis 2nd largest field in Gulf of Mexico Oil In Place Development drilling expected to re- commence in FY11 Initial 2 North wells indicate strong production potential South North East South water injection project in…
  27. Jefferies Energy Conference – BHP Billiton Limited – slide 27
    Shenzi Design capacity of 100 mbd Initial production 140 mbd 20 months into production and still over 90 mbd Water W injection i j i project j iin progress and on schedule North Drilling D illi off additional dditi l…
  28. Jefferies Energy Conference – BHP Billiton Limited – slide 28
    Pyrenees Ownership: BHPB (Operator) 71.43% Apache 28.57% Water Depth: 180-220 m First Oil: Feb 2010 One of Australias largest subsea projects First BHP Billiton Petroleum FPSO fabricated in China Started up in February on…
  29. Jefferies Energy Conference – BHP Billiton Limited – slide 29
    FY2011 production outlook (mmboe) FY2011 outlook 170 Full year of Pyrenees volume Moratorium 160 volume deferrals Angostura Gas project start-up start up 150 Continued growth impacted by 140 g moratorium in the Gulf of drilling…
  30. Jefferies Energy Conference – BHP Billiton Limited – slide 30
    Agenda BHP Billiton Corporation overview Petroleum overview Petroleum performance Near N tterm outlook tl k Longer g term opportunities pp Summary BHP Billiton Petroleum, Jefferies Energy Conference, December 2010…
  31. Jefferies Energy Conference – BHP Billiton Limited – slide 31
    Summary Significant resource position for long term growth Reserves and Resources 3,715 mmboe (mmboe, as at 30 Jun 2010) 5,000 Gas 4,500 Forecast Capital Expenditure for Oil Probable Reserves plus Browse and Scarborough Contingent…
  32. Jefferies Energy Conference – BHP Billiton Limited – slide 32
    High impact pre-development projects Oil Gas LNG Petroleum HQ Western Australia Scarborough North West Shelf Thebe NWS Greater Western Flank Gulf of Mexico Browse Gas fields development M dD Mad Dog Ph Phase 2 New Host…
  33. Jefferies Energy Conference – BHP Billiton Limited – slide 33
    Mad Dog Continues to get bigger North & Graben Oil In Place Appraisal Potential North West - Producing East West South North Spar Location Current Spar p cannot drain all discovered oil to date West East West and South…
  34. Jefferies Energy Conference – BHP Billiton Limited – slide 34
    Browse LNG long term growth opportunity Torosa Brecknock Calliance Three large gas fields with 14 tcf recoverable reserves ((Source: Wood Mackenzie)) Retention Lease accepted with Derby Gas fields commitment to US1.25 US1 25…
  35. Jefferies Energy Conference – BHP Billiton Limited – slide 35
    Scarborough/Thebe long term growth opportunity High equity giant gas fields with 10 tcf WA 346 P WA-346-P recoverable reserves in area Thebe 100% BHP Billiton Gas fields Scarborough 50% BHP Billiton Thebe Scarborough US15-20…
  36. Jefferies Energy Conference – BHP Billiton Limited – slide 36
    Multi-year exploration drilling program underway Focus on proven basins Exploration Strategy Material in size to BHP Billiton Balance proven plays and frontier exploration Opportunities with potential for multiple successes Control…
  37. Jefferies Energy Conference – BHP Billiton Limited – slide 37
    Agenda BHP Billiton Corporation overview Petroleum overview Petroleum performance Near N tterm outlook tl k Longer g term opportunities pp Summary BHP Billiton Petroleum, Jefferies Energy Conference, December 2010…
  38. Jefferies Energy Conference – BHP Billiton Limited – slide 38
    Summary Key messages An integral part of BHP Billiton Group Strong performance in key commodity Strong functional capability Performance Safety, volumes, cost outstanding metrics Highly competitive versus peers Nearer term…
  39. Jefferies Energy Conference – BHP Billiton Limited – slide 39

From the store

Browse maps, data & reports in the Shale Experts store