Bhp Group Ltd · ASX:BHP
Bhp — BHP Billiton — Howard Weil 37th Annual Energy Conference 2009
18 slides from Bhp's conference presentation, Mar 24, 2009
Slide 1: Technology's Role in the Development of Frontier Resources
Technology’s Role in the Development of Frontier Resources J Michael Yeager Chief Executive Petroleum Howard Weil 37th Annual Energy Conference 24 March 2009
Slide 2: Disclaimer
Disclaimer The views expressed in this presentation are based on information derived from publicly available sources that has not been independently verified. No representation, warranty or undertaking, express or implied, is made or given as to the fairness, accuracy, completeness or reliability of
Slide 3: BHP Billiton Petroleum
BHP Billiton Petroleum The core strategy • Large, long-life upstream assets with multiple options – that we operate • Target organic growth opportunities that are material to BHP Billiton • Balanced proven plays and frontier exploration • Functional organizational model to achieve top quartile per
Slide 4: Global Operational Presence and Projects in Execution
Global Operational Presence Projects in Execution Oil Gas LNG North West Shelf Train V (16.67%) 4.4 mtpa LNG processing train Start-up announced 1 September 2008 UK Angel (16.67%) 800mmcfd / 50 kbpd condensate development Algeria Start-up announced 3 October 2008 Petroleum HQ Pakistan North Rankin B
Slide 5: Operating Safely and Efficiently
Operating Safely and Efficiently Safety Record Lost Time Injury Frequency Rate (LTIFR) Achieved 100% reduction in LTIFR (Per million hours) between FY07 and 1H FY09 – now at 0 5.0 Negligible level of hydrocarbon releases 4.0 3.0 100,100,100 1.93 Operated production uptime increasing 2.0 OGP To
Slide 6: Technologies for Frontier Resource Development
Technologies for Frontier Resource Development Advanced Seismic Imaging Deepwater Drilling Performance Project Management Technology's Role in the Development of Frontier Resources Slide 6
Slide 7: Advanced Seismic Techniques
Advanced Seismic Techniques Intense Focus on Data Acquisition “Narrow azimuth data”, 1997/98 acquisition, “Rich azimuth data”, 2006 acquisition, 2008 state- 2005 state-of-the-art processing of-the-art processing Technology's Role in the Development of Frontier Resources Slide 7
Slide 8: Advanced Seismic Techniques
Advanced Seismic Techniques Constantly Challenging our Data Processing Strategic development partnerships with specialist processing vendors Early 2008 Wave Equation Migration Late 2008 Beam Migration Major Contractor Specialist BHP Billiton Petroleum-funded Contractor Reservoir Interval Reservoir
Slide 9: Advanced Resistivity Techniques
Advanced Resistivity Techniques Controlled Source Electro-Magnetic Surveying BHP Billiton Petroleum has rapidly developed capabilities in electro- magnetic surveying: • 50 years of experience in the mining industry being applied in Petroleum • In-house processing capability unique in companies of
Slide 10: Industry Leading Deepwater Drilling Performance
Industry Leading Deepwater Drilling Performance GoM deepwater exploration and appraisal wells On average, it takes BHP (Days per 1000 ft drilled, Jan-2000 to Jul-2008) Billiton less time to reach total depth than our competitors 8 2 Best BHP Billiton development well 13 Wells • Rigorous well plann
Slide 11: Centralized Development Organization – Exploit the Learning Curve
Centralized Development Organization – Exploit the Learning Curve Capability FPSOs Developed Stybarrow Pyrenees Deepwater Developed Neptune Shenzi LNG Developing NWS (Train V – South West View ) Exmouth Plateau Technology's Role in the Development of Frontier Resources Slide 11
Slide 12: Neptune (35% Working Interest, BHP Billiton Operated)
Neptune (35% Working Interest, BHP Billiton Operated) Performance Highlights Tension leg platform and subsea wells 4,250ft water depth 50 kbpd and 50mmcfd capacity (gross) Hull remediation completed with no incidents Start-up July 2008; reached facility capacity in record time and continue
Slide 13: Shenzi (44% Working Interest, BHP Billiton Operated)
Shenzi (44% Working Interest, BHP Billiton Operated) Project overview TLP and subsea wells 4,300ft water depth – 2nd deepest TLP in the world 100 kbpd and 50mmcfd capacity (gross) Fabrication in progress; 6 wells drilled & completed; 7th well being drilled Start-up 1H CY09 Technology's Rol
Slide 14: Leading Edge Tension Leg Platform Experience
Leading Edge Tension Leg Platform Experience 3,000-foot water depth 4,000-foot water depth Source: Offshore Magazine / Mustang Engineering – 2007 Deepwater Solutions & Records for Concept Selection Technology's Role in the Development of Frontier Resources Slide 14
Slide 15: Stybarrow (50% Working Interest, BHP Billiton Operated)
Stybarrow (50% Working Interest, BHP Billiton Operated) Performance Highlights Deepest disconnectable FPSO in the world Deepest offshore development in Australia Brought on-stream in November 2007 approximately two months ahead of schedule Achieved sustained production at design capacity of
Slide 16: Pyrenees (71.43% Working Interest, BHP Billiton Operated)
Pyrenees (71.43% Working Interest, BHP Billiton Operated) Project overview FPSO and subsea wells 96 kbpd and 60 mmcfd capacity (gross) FPSO conversion underway Drilling commenced January 2008 Start-up H1 CY10 Technology's Role in the Development of Frontier Resources Slide 16
Slide 17: Delivering Results
Delivering Results Underlying EBIT of US$2.7bn, 23% of BHP Billiton, 82% year-on-year growth Financial Results EBIT ROCE of 60.3% for 1H09 EBIT margin of 65.5%, consistently among highest in BHP Billiton Functional business model has been established BHP Billiton An experienced management
Slide 18: ohpbilliton
édl ohpbilliton ourcing the future
BHP Billiton — Howard Weil 37th Annual Energy Conference 2009 on 6ix