DUG Permian Basin Robert Manelis General Manager, Permian Production Unit 21 May 2014
Key Themes One of the worlds largest corporations, diversified global portfolio of assets A large, high quality resource base concentrated in Australia and the US Conventional and Unconventional Committed to ongoing improvement in…
25th largest company in the world by market cap Market capitalisation at 30th April 2014 (US billion) 550 500 450 400 Other Diversified 350 Miners 300 250 200 150 100 50 0 Novartis Roche IBM Apple Nestle…
An outstanding global portfolio of assets, diversified by commodity, geography and market Aluminium, Manganese and Nickel Coal Copper A global producer and supplier of A global producer of thermal coal and A leading global explorer…
A 670 Mboe/d Petroleum business comprised of high-quality Conventional and Shale assets Shale (42%) Eagle Ford Permian International (11%) UK Fayetteville Haynesville Algeria Pakistan Trinidad and Tobago Shenzi…
Australia and the US remain our core regions FY14 BHP Billiton capital and exploration expenditure BHP Billiton Petroleum Shale Petroleum Australia other Gulf of Mexico Exploration other United Kingdom Onshore US Algeria…
Committed to sustainable development Be the safest company in industry Protect the land where we operate Safeguard and manage water resources Minimise air emissions Be a good neighbor to our communities Robert Manelis,…
To be the safest company in the industry Recordable Injuries per Million Feet Drilled (US H&P rig fleet) H&P Onshore US rig fleet average US Onshore business is very challenging; BHP Billiton Onshore US H&P rigs Relatively…
Community; Being a Good Neighbor Creating a Community Reference Group (CRG) in Pecos. The CRG is composed of 15 local civic leaders that meet monthly to discuss current events and get an update on BHP Billiton activities.…
Significant presence in premier US shale plays We hold 1.5 million net acres1 across four highly productive US shale plays BHP Billiton Onshore US shale plays and three US states: Black Hawk (Eagle Ford) condensate rich; Hawkville…
Shale development plan will be continually optimised for value We are prioritizing investment in the BHP Billiton Onshore US shale plays liquids rich, high return shale assets. pursuing accelerated development in the prolific Black…
Extending our high return liquids profile Efforts underway to expand our Permian land position in our core focus area. 100,000 net acres in identified focus areas; acquiring acreage in highly prospective areas and divesting Focus…
Permian we have defined a highly prospective focus area BHP Billiton acreage in the Permian basin Focus area Under evaluation Robert Manelis, General Manager Permian Production Unit, BHP Billiton Petroleum, 21 May 2014 Slide 14 midland…
Permian unique multiple horizon potential Large liquid bearing column creates the potential for multiple economically productive horizons. A vertical well program followed by targeted horizontal wells has Avalon Bone Spring…
Acreage position appraised through vertical program Appraisal program designed to delineate acreage position spatially and vertically. Vertical test wells drilled through subject intervals with mini-fracs placed in multiple…
Permian targeting a 100 kboe/d development Well results support planned 100 Production rate recent wells in focus area (boe/d, 100% basis) kboe/d development within the 1,800 focus area with approximately 60% liquids. 1,600 1,400…
Learning to get better faster Benchmark relentlessly Build upon best-in-class performance Utilize models to drive trials and pilots Apply design of experiment principles to accelerate feedback Invest in diagnostics to validate…
Improving speed and reducing cost BHP Billiton Black Hawk drilling time performance1 (days) productivity 40 improvement Balance drilling focus between of 26% time improvements and cost 30 improvements. 20 Tendered key contracts for…
Utilize models to diagnose performance issues Gas rate history Flowing BHP Billiton match (mmcfd) (psi) 12 Rate X History restricted Apparent X History -- Model boundary -- Model 8 dominated Gas Rate flow Pressure 4…
Uniform fracture geometry is ideal Previous Design Longer stage length Microseismic Production Log Schlumberger BroadBand Microseismic and production logging confirm disproportionate contribution by cluster. Using diversion…
Uniform fracture geometry is ideal Concept Shorter stage length Microseismic Production Log Schlumberger BroadBand Microseismic and production logging confirm disproportionate contribution by cluster. Using diversion techniques…
Benchmarking performance to measure effectiveness Production, mbo Production, bo BHP A B C D BHP A B C D Billiton (227) (642) (333) (162) Billiton (235) (558) (265) (154) (226 wells) (192 wells) Production, mboe…
Summary One of the worlds largest corporations with a strong portfolio of Conventional and Shale assets. One of the most active unconventional operators in North America. Success in Unconventionals requires organizations to…
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