Bhp Group Ltd · ASX:BHP
Bhp — Non-Deal Roadshow (November 2021)
17 slides from Bhp's roadshow presentation, Nov 9, 2021
Slide 1: Petroleum Investor meeting
Petroleum Investor meeting Barrenjoey and BHP Geraldine Slattery | President Operations Petroleum Matthew Ridolfi | Vice President Major Developments 9 November 2021
Slide 2: Combined business creates significant scale
Combined business creates significant scale BHP Petroleum and Woodside have high-quality, complementary asset portfolios which combine high margin oil and long life LNG Global top 10 independent energy producer (FY21 production, MMboe) • Global top 10 independent energy company by 300 production and
Slide 3: FY21 Petroleum operational highlights
FY21 Petroleum operational highlights We were safer and more productive Safety Production Unit costs Zero fatalities 102.8 MMboe US$10.83/boe TRIF on target (<1), with focused Production exceeded guidance range of Petroleum unit costs slightly better than full improvements across our COVID controls
Slide 4: Core assets concentrated in key heartlands
Core assets concentrated in key heartlands Over 3 Bboe in resource underpinned by a mix of premier producing assets with embedded growth options and emerging heartlands Australia Western Australia Resources Mexico Mexico Bass Strait 2P+2C: 47% Liquids, 53% Gas Trion Northwest Shelf (NWS) Rest of 275
Slide 5: High-margin barrels drive production growth and returns
High-margin barrels drive production growth and returns Current opportunities deliver significant volumes, and more than offsets base field decline Value accretive production potential over the medium term1 • Large, low cost producing assets with expansion (Production, MMboe) potential and access to
Slide 6: Australia | Strong free cash flow generation
Australia | Strong free cash flow generation Bass Strait and North West Shelf demonstrate the strength of our base assets Asset Location • Bass Strait is a material and highly cash generative, advantaged gas play Bass Strait North West Thebe North West Shelf • North West Shelf generates strong free
Slide 7: US Gulf of Mexico | Large, long-life and expandable
US Gulf of Mexico | Large, long-life and expandable Robust growth pipeline of high-return options across all three assets Asset Location • A long history of developing and operating assets in Gulf of Mexico • Shenzi continues to demonstrate our operating capability in deepwater Gulf of Mexico, with
Slide 8: US Gulf of Mexico | Large, long-life and expandable
US Gulf of Mexico | Large, long-life and expandable Leveraging advanced technology to unlock a suite of competitive, high-return growth options Greater Shenzi and Wildling Atlantis Mad Dog • Developed in 2006, producing since 2009; • Atlantis Phase 3 achieved first production • Phase 2 first oil exp
Slide 9: Future growth options | Delivering into the next decade
Future growth options | Delivering into the next decade Material growth options to sustain our portfolio and create new Heartlands Calypso Trion Scarborough • BHP 70% (Operator), BP 30% • BHP 60% (Operator), Pemex 40% • BHP 26.5%, Woodside 73.5% (Operator) • Multiple gas discoveries; low CO2 content
Slide 10: Future growth options | Exploration and acquisitions
Future growth options | Exploration and acquisitions Replenishing the portfolio for the future Gulf of Mexico Growth strategy has added ~1.0 Bboe of 2C resources since FY171 Western: 1,049 km2 Central: 979 km2 • Large structures in proven Central GOM Heartland & significant running room in unexplore
Slide 11: Petroleum has a strong record of performance and results
Petroleum has a strong record of performance and results Proven track record of delivering on our commitments Delivering the Base Advancing Growth Projects Commitment to Sustainability • High quality assets: FY21 production • Project delivery: Ruby achieved first oil • Social Value: Maximizing the s
Slide 12: To ask a question please either: Unmute your line or, press *6
To ask a question please either: Unmute your line or, press *6
Slide 13: Slide 13
Slide 14: Statement of petroleum resources
Statement of petroleum resources The estimates of Petroleum Reserves and Contingent Resources contained in this presentation are based on, and fairly represent, information and supporting documentation prepared under the supervision of Mr. A. G. Gadgil, who is employed by BHP. Mr. Gadgil is a member
Slide 15: Petroleum portfolio | Producing assets and growth projects
Petroleum portfolio | Producing assets and growth projects Quality assets concentrated in key heartlands in the Gulf of Mexico, Trinidad & Tobago and Australia Producing Assets1 FY21 End of 1P3 2P3 2P+2C3 Asset Description Operator BHP ownership Production field life (MMboe) (MMboe) (MMboe) (MMboe)
Slide 16: Petroleum portfolio | Embedded growth within producing assets
Petroleum portfolio | Embedded growth within producing assets Suite of quality projects in key heartlands to support production longevity Sanctioned Projects (in execution) Estimated peak FY22 – FY30 Capex Asset Description Operator BHP ownership Potential first production production capacity (BHP s
Slide 17: Trion is moving towards FID
Trion is moving towards FID FPU Wave Testing CONCEPT 27 wells: 14P, 10WI, 3GI Oil production: 100 kbopd Gas production: 145 mmscfd Gas injection: 133 mmscfd Water injection; 140 kbwpd Semi submersible (FPU) Declaration of Commerciality Potential First Gate 0 Gate 1 Gate 2 FID from mid- Production Au