BHP Billiton Limited engages in the discovery, acquisition, development and marketing of natural resources worldwide. The company produces major commodities, including iron ore, metallurgical coal, copper and uranium; and has interests in conventional and unconventional oil and gas and energy coal. The company extracts and processes minerals, oil and gas from its production operations located primarily in Australia and the Americas. The company sells its products worldwide with sales and marketing taking place principally through Singapore and Houston, the United States. Businesses The company’s assets, operations and interests are separated into four business units: Petroleum and Potash, Copper, Iron Ore, and Coal. Petroleum and Potash business unit This business unit comprises conventional and non-conventional oil and gas operations and a potash project based in Saskatchewan, Canada. The company’s Petroleum business includes exploration, development, production and marketing activities. The company has a resource base concentrated in the United States and Australia. Its core production operations are located in the U.S. Gulf of Mexico, Australia, Trinidad and Tobago (conventional) and Onshore U.S. (unconventional). The company produces crude oil and condensate, gas and natural gas liquids (NGLs). Gulf of Mexico (the United States) The company operates two fields in the Gulf of Mexico (Shenzi with a 44 per cent interest and Neptune with a 35 per cent interest) and holds non-operating interests in three other fields (Atlantis with a 44 per cent interest, Mad Dog with a 23.9 per cent interest, and Genesis with a 4.95 per cent interest). The company has ongoing infill drilling in majority of its Gulf of Mexico fields and also planned ongoing water injection wells at the Shenzi and Atlantis fields. All the fields are located between 155 and 210 kilometers offshore from the U.S. state of Louisiana. The company also owns 25 per cent and 22 per cent, respectively, of the companies that own and operate the Caesar oil pipeline and the Cleopatra gas pipeline. These pipelines transport oil and gas from the Green Canyon area, where the company’s Gulf of Mexico fields are located, to connecting pipelines that transport product onshore. The company’s U.S. oil production is delivered to refineries along the Gulf Coast of the United States. Onshore U.S. (the United States) The company produces oil, condensate, gas and NGLs in four shale areas, such as Eagle Ford, Permian, Haynesville and Fayetteville. The Eagle Ford area has two fields, such as Black Hawk and Hawkville. Much of the Eagle Ford and Permian areas are focused on hydrocarbon liquids. The Haynesville and Fayetteville areas are focused on gas. The company’s combined leasehold acreage onshore in the United States is approximately 1.1 million net acres. The company’s ownership interests in those leases range from approximately 1 per cent to 100 per cent. As of June 30, 2015, the company held an interest in approximately 7,300 gross wells and approximately 2,300 net wells. The company acted as joint venture operator for approximately 27 per cent of its gross wells. Oil and gas production from the company’s onshore shale areas is sold domestically in the United States, through connections to intrastate and interstate pipelines, and internationally through the export of processed condensate from Black Hawk. Bass Strait (Australia) Together with the company’s 50-50 joint venture partner, Esso Australia Limited (a subsidiary of ExxonMobil de Venezuela), through the Gippsland Basin Joint Venture, the company participated in the discovery of hydrocarbons and produces oil and gas from Bass Strait. The Bass Strait operations are located between 25 and 80 kilometers off the southeastern coast of Australia. The company sells the majority of its Bass Strait crude oil and condensate production to refineries along the east coast of Australia under 12-month contracts. Minerva (Australia) The company is the operator of Minerva (90 per cent interest), a gas field located 11 kilometers south-southwest of Port Campbell in western Victoria. The operation
bhp billiton limited
(BHP:Australian Stock Exchange Ltd)
BHP Billiton Centre
171 Collins Street
Melbourne, VIC 3000
Phone: 61 3 9609 3333
Fax: 61 3 9609 3015www.bhpbilliton.com
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