Slide 1: Value creation through exploration
bhpbilliton Value creation through exploration 27 June 2016 Laura Tyler, Head of Geoscience Deepwater seismic shooting Photo courtesy of PGS
Slide 2: Disclaimer
Disclaimer Forward-looking statements This presentation contains forward-looking statements, including statements regarding: trends in commodity prices and currency exchange rates; demand for commodities; plans, strategies and objectives of management; closure or divestment of certain operations or
Slide 3: Key themes
Key themes • A focused exploration approach – regional exploration teams supported by globally integrated geoscience expertise – exploration investment through the cycle – more targeted analysis has generated high-quality portfolio • Targeting deep water oil in the Gulf of Mexico, Caribbean and West
Slide 4: A value-focused exploration approach
A value-focused exploration approach • Exploration is a key source of value creation – investment through the cycle with US$700-900 million of annual spend anticipated from FY16 to FY18 – exploration increases as a proportion of total capital expenditure as we accelerate evaluation • We have the rig
Slide 5: Targeting tier 1 opportunities in Petroleum
Targeting tier 1 opportunities in Petroleum • Our Petroleum exploration program has delivered success – Bass Strait (1960s): Australia’s first world-class hydrocarbon province – Angostura (1990s): discovered gas field in Trinidad and Tobago – Gulf of Mexico (2000s): discovery and development of Shen
Slide 6: A focused oil exploration program
A focused oil exploration program • Based on our global endowment study we have built a position across six plays in the deep water – Paleogene and Cretaceous in the Gulf of Mexico – Pliocene, Miocene and Paleogene in the Caribbean – Jurassic in the Beagle sub-basin • Evaluation of tier 1 oil potent
Slide 7: Gulf of Mexico remains highly prospective
Gulf of Mexico remains highly prospective • We have a track record of successful exploration and operations in the Gulf of Mexico • We continue to build our acreage position in the current low oil price environment - 91 blocks secured in past nine months with no well obligations • Shenzi North explo
Slide 8: First mover advantage in the Caribbean
First mover advantage in the Caribbean • We have built a dominant ‘first mover’ deepwater acreage position in Trinidad and Tobago, and Barbados - ~17,500 sq km across two plays - eleven blocks (nine in Trinidad and Tobago, and two in Barbados) - 60% to 100% BHP Billiton equity • Safely completed lar
Slide 9: Prospective position in Western Australia
Prospective position in Western Australia • We have accessed a dominant position over largely untested Northern Beagle sub-basin - farmed into two blocks totalling ~25,000 sq km - 55-60% working interest and operatorship • >30,000 sq km of 3D seismic data accessed • Sub-regional evaluation in progre
Slide 10: A history of successful copper exploration
A history of successful copper exploration 1966 Island Copper 1995 Resolution 1981 Escondida 1985 Cerro Colorado 1986 Chimborazo 1991 Escondida Norte 1996 Spence 2002 Pinta Verde 2006 Pampa Escondida 2008 Escondida Este 2010 Escondida Sur 1996 Antamina 1975 Olympic Dam 1985 Wirrda Well 21 additional
Slide 11: Copper exploration remains a strategic priority
Copper exploration remains a strategic priority • Safe, focused and disciplined programs - brownfield exploration has maximised our existing ore bodies - current focus on greenfield copper exploration with annual budget of >US$60 million from FY16 to FY18 • >1.6 million hectares with >100 active pro
Slide 12: Targeting large, high-grade, long-life, option-rich deposits
Targeting large, high-grade, long-life, option-rich deposits Sediment hosted deposits with >2% grade in northern Canada Porphyry and Skarn deposits with >1% grade in the Americas (Peru, Chile, South West US) IOCG1 deposits with >2.5% copper equivalent grades in the Stuart Shelf of Australia 1. Iron
Slide 13: The next generation of copper exploration
The next generation of copper exploration • We have a wide range of improvement initiatives - partnerships with Bristol and Wollongong Universities on determination of mineralisation - potential to leverage our Petroleum geoscience to identify prospective sediment-hosted-copper deposit basins - Cent
Slide 14: Key themes
Key themes • A focused exploration approach – regional exploration teams supported by globally integrated geoscience expertise – exploration investment through the cycle – more targeted analysis has generated high-quality portfolio • Targeting deep water oil in the Gulf of Mexico, Caribbean and West
Slide 15: Signatures
bhpbilliton 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: June 27, 2016 By: /s/ Rachel Agnew Name: Ra