Slide 1: Form 6-K Report of Foreign Private Issuer
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 May 14, 2012 BHP BILLITON LIMITED BHP BILLITON PLC (ABN 49 004 028 077) (REG. NO. 3196209) (Exact name of Regi
Slide 2: Technology, strategy and the growth of gas as a source of global energy
Technology, strategy and the growth of gas as a source of global energy J. Michael Yeager Chief Executive, BHP Billiton Petroleum 14 May 2012 Bhpbilliton resourcing the future
Slide 3: Disclaimer
Disclaimer representation Forward financial factors, risks, presentation Offshore revision between Billiton you many Petroleum, of the Looking performance Petroleum should the Reliance author should of or Regulations which warranty refer Statements and 14 be and onof May to construed are BHP Third G
Slide 4: The global growth of natural gas
•One of consumption Chief Executive, the fastest (bcf/d) BHP growing 500 Billiton 400commodities 300 Petroleum, 200 100•Becoming 14 0 1990 May1995 2012 increasingly 2000 Slide2005 3 Bhpbilliton more 2010available 2015 resourcing 2020 •A2025 preferred the2030 future fuel History •Multiple Forecast di
Slide 5: Technology has led to greater gas supply
Bhpbilliton Chief Executive, resourcing BHP Billiton the future Petroleum, Technology 14 May has led 2012 to greater Floatingsupply LNG Subsea Slide 4 high-rate completions / production facilities Directional and horizontal drilling Multi-stage fracking J. Michael Yeager,
Slide 6: Exploration continues to be an important investment
Bhpbillitontoresourcing Exploration continues Scarborough be an important theNW future investment Shelf BHPBrowse Billiton areaMacedon •New Petroleum’s Onshore Minerva worldwide USBass shaleStrait isgas a large, activities •Widelong range Onshore term of gas technology US exploration Shaleposition A
Slide 7: Technology and innovation have driven phenomenal growth of US shale gas
Bhpbilliton accelerates (Bcfd) County,30Kansas 20–key resourcing 10 Source: 0to2000 the the Barnett 2005 USfuture Department 2012 shale Technology Hydraulic playofrapidly Energy, and fracking increases innovation EIA. First J. Michael as commercial have technology driven Yeager, Multi the directiona
Slide 8: Haynesville Bossier mapped
Bhpbilliton Haynesville Bossier Slide 7 mapped resourcing Middle for 100 Bossier the miles future Porosity •Depth, Shale TEXAS cost reservoirs andLOUISIANA rock have properties low geologic Eastvary West•Requires risk West andPlay can a long outline be relatively term EUR>8Bcf approach uniform on /
Slide 9: Shale production: minimizing effects on communities and the environment
Bhpbilliton surface Reduction Source: casing IHS; inresourcing GHG CERA. design emissions Source: 70-100 the future American Days Water Shale 20-40 management production: Petroleum Years Site and Institute. minimizing Preparation, disposalJ. Michael Site effects Drilling, restoration on Yeager, comm
Slide 10: Shale development has made the US the largest gas resource in the world
Bhpbilliton Russia Mackenzie; Iran Qatar resourcing BHP Billiton. Chinathe Canada J. future Michael Nigeria Shale Yeager, development Australia ChiefSaudi Executive, has Arabia made BHP US Turkmenistan gas Billiton reserves Petroleum, UAE the largest Kazakhstan 14in May the Algeria 2012 worldSlide N
Slide 11: Shale and offshore development characteristics compared
Bhpbilliton Years capability completion Executive, Payback isBHP technologies resourcing limited Months Billiton post the Limited Petroleum, recover investment futureFlexibility very Shale 14 •Shale low May production amounts Significant developments 2012 Slide can of the Limited be 10hydrocarbons m
Slide 12: The US shale revolution: how things have changed
Bhpbilliton and Today the Mackenzie; fuel other Haynesville ofenergy-intensive the resourcing PIRA; futureUS alone toDepartment the meet supplied future industries strictHow about emission ofCoal Energy; times 10% expected targets have of IHS US changed Global LNG to gasbedemand export the Insight;
Slide 13: BHP Billiton Petroleum has built a large, flexible US shale position
Bhpbilliton Texas, PermianLouisiana Eagle resourcing Ford andAR Arkansas the Fayetteville future •Recoverable BHP Haynesville Billitonresources Petroleum / Bossier of has approximately J. Michael built a large, Yeager, 8.3 advantaged billion Chief Executive, barrels and flexible of oil BHPequivalent
Slide 14: Haynesville: largest position among lowest cost unconventional gas areas
Bhpbilliton unconventional gas Fayetteville Canyon Coals Eagle 14 May areas Ford—Dry Deep 2012 Raton that resourcing Bossier Arkoma Slide offer Vermejo plays Gas best 13 Wilcox Woodford only Pierre the Honaker economics future Haynesville:Largest Lobo Gothic Horn Trail BHP New Lance Columbia River M
Slide 15: Eagle Ford and Permian liquids estimates and recovery rates
Bhpbilliton estimates liquids-about recovery Billiton Petroleum, rates forresourcing BHP 500 overmillion Billiton time, 14 May theas barrels future Petroleum’s 2012 technology Near more Slideterm than 14 Eagle improves, actions what Fordwe and and •Until reported we Permian expect gas in prices acre
Slide 16: Eagle Ford rated the best prospect among North American shales
Bhpbilliton •Rated investment as the Bloomberg resourcing lowest cost the 23play March future among “Texas 2012North 1.tops Wood American finds Mackenzie. from shales Brazil J.inMichael to theBakkenas liquids Yeager, rich bestChief regions1 prospect” Executive, •Eagle Bloomberg, Ford BHPliquids-rich
Slide 17: Eagle Ford: first year of condensate and NGL production
Bhpbilliton condensate first Michael yearYeager, ofand resourcing production NGL, Chiefwith Executive, the •Expect future current toEagle BHP grow net production Billiton Ford to 300 offers Mboe/day, Petroleum, atsome over of 50% with 14 theMay liquids 150 highest 2012 Mboe/day •High economic Slide
Slide 18: Permian: still early with initial well results better than expected
Bhpbilliton •Wolfcamp Yeager, Chief reservoir resourcing Executive, averages theBHP future approximately Billiton Still early Petroleum, in900 the Permian, feet 14 May thick2012 but •Current initial Slidenet well 17production results better at about than 80% expected liquids Permian •Goal •Large is
Slide 19: Liquids focused
Bhpbilliton Liquids focused resourcing J. Michael the future Yeager, WeChief are leveraging Executive,the BHPflexibility Billiton of Petroleum, shales to 14 respond May 2012 to market Slideconditions 18 Average FY13 rig mix Prior outlook Current outlook 52% 48% 14% 86% Gas focused
Slide 20: Replicating the success of shales globally
Bhpbillitondensity population Petroleum, 14 resourcing Mayin2012 development theSlide future 19Replicating areas Attractive the success fiscal of terms shales Supportive globally Landowners will require many regulatory key factors benefittoframework align Rig and Extensive services pipeline availabi
Slide 21: Major region-to-region gas flows, 2010 outlook to 2025
Bhpbilliton Billiton Petroleum, resourcing 14 May the future 2012 Major Slide 20 region-to-region gas flows 2010 outlook to 2025 Source: Wood Mackenzie, 2011; Flow s larger than 5 Bcm/year. J. Michael Yeager, Chief Executive, BHP
Slide 22: Major region-to-region gas flows, current outlook to 2025
Bhpbilliton Billiton Petroleum, resourcing 14 May the future 2012 Major Slide 21 region-to-region gas flows current outlook to 2025 Source: Wood Mackenzie, 2012; Flow s larger than 5 Bcm/year. J. Michael Yeager, Chief Executive, BHP
Slide 23: In summary…
Bhpbilliton satisfy combination pursue J. Michael that bothYeager, need resourcing strategies of resource •Shale Chief –large the liquids diversification, Executive, future conventional developments In summary… BHPtechnology Billiton resources are•The now Petroleum, breadth, and world among unconven
Slide 24: Resourcing the future
Bhpbilliton resourcing the future
Slide 25: Signatures
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. BHP Billiton Limited and BHP Billiton Plc Date: May 14, 2012 By: /s/ Jane McAloon Name: Jane McAloon Ti