Trinidad BHP Billiton Petroleum A leading operator of a world class resource Tim Cutt President, Petroleum 9 September 2015
A leading operator of a world class resource A focused portfolio of high-quality assets in stable geographies premier liquids position with high-return growth opportunities large gas position with multi-decade resource potential…
Operating safely and sustainably is our priority Top quartile safety performance versus peers Eliminating silica exposure in fracking operations at Onshore US Reduced greenhouse gas emissions by 12% in FY15 Lost-Time Injury…
Higher-cost oil and gas supply will be required Liquids High-cost oil supply required to meet demand (MMbbl/d) Development of emerging economies will continue to drive demand for crude oil 1 MMbbl/d annual demand growth New…
A high-quality, focused portfolio We have a focused portfolio of high-quality A major producer in our core regions assets (BHP Billiton production, Mboe/d, CY14, net) 2nd 4th 8th 6th Rank1 a major producer in our heartland regions…
Actively responding to changing conditions We focus on value and returns A rapid response to a changing environment (capital and exploration expenditure, US billion) (MMboe) we are a large petroleum business within a 7.5 300…
Leading operational capability in Conventional Our operational experience and capability Industry leader in offshore drilling3 are a competitive advantage (average drill time, days per 1,000 feet) 9 unit cash costs of US10.92/boe in…
Competitive growth opportunities in Conventional Capital expenditure of US1.6 billion Mad Dog II Semi-submersible FPU concept expected in FY16 Our high-quality Conventional portfolio will continue to create value we are…
Driving continuous improvement in Onshore US We have prioritised high-return liquids production Significant growth in Onshore US liquids production and deferred dry gas development for value (Mboe/d) (%) 360 60 US1.5 billion capital…
Black Hawk continues to exceed expectations We are the top performer in the Black Hawk Black Hawk well locations3 anticipate reducing drilling cost to US2.5 million per well in FY16 Gonzales 100 Mbbl ahead of peers on average…
Permian offers significant upside Established position with 78 thousand net Well performance is improving over time1 acres in the core area (Mboe/d, net) currently producing 30 Mboe/d two rig drilling program will maintain…
Preserving the value of our dry-gas fields We have deferred our dry-gas development Haynesville acreage by Recoverable Resource program for long-term value at low cost of carry Onshore US dry-gas resource could support half a century…
Focused on our highest-quality Hawkville acreage Large portions of the Hawkville remain Competitive returns in liquids rich areas competitive No future…
Focused exploration program 3 basins in 3 years Gulf of Mexico FY16 Phase I FY17 Phase II BHP Billiton acreage/Sale 246 bids Trinidad and Tobago Pemex Round 0 acreage Round 1 acreage FY17 Phase I FY18 Phase II BHP Billiton acreage…
Focused exploration program Moving from access & evaluation to testing Gulf of Mexico Large structures Large footprints* -1,750m Leveraging our heartland expertise Targeting two immature Tier 1 plays (Paleogene TVD and…
A leading operator of a world class resource A focused portfolio of high-quality assets in stable geographies premier liquids position with high-return growth opportunities large gas position with multi-decade resource potential…
Appendix Performance Black Hawk Permian Drilling cost1 2.5 million 3.4 million3 Completion cost1 3.6 million2 3.1 million3 Expected FY16 production mix (Oil/Gas/NGL) 62%/20%/18% 51%/26%/23% Initial 30-day average production rate…
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