Bhp Group Ltd · ASX:BHP
Bhp — BHP Billiton — Investor Day (November 2008)
44 slides from Bhp's investor day presentation, Nov 3, 2008
Slide 1: Form 6-K Cover Page
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 November 3, 2008 BHP BILLITON LIMITED BHP BILLITON PLC (ABN 49 004 028 077) (REG. NO. 3196209) (Exact name of
Slide 2: Australia Country Manager Analysts Tour 2008
BHP Phil Australia 26 October Byrne Billiton Country 2008 Petroleum Manager Analysts Tour 2008
Slide 3: Disclaimer
Reliance Disclaimer The accuracy, Forward This Billiton. our of Securities No Nothing References Slide our offer control, views presentation 2annual in These looking of on completeness and expressed this in securities and third report this Exchange forward-looking release which statements party incl
Slide 4: Agenda
Overview Agenda Petroleum Projects Slide Exploration 3 &of in Opportunities BHP Australia Billiton
Slide 5: BHP Billiton Petroleum Overview
Overview Large Operations Currently Seven A Significance 22% 27% 67.5% Volume Slide significant key of 4and component development EBIT total Growth exploring of diverse incapital underlying within BHP margin oil sixof and countries of portfolio Billiton 13% BHP expenditure projects in (highest BHP g
Slide 6: Global operational focus
Global E Slide Canada 5 operational UK Algeriafocus Petroleum HQ Gulf of Mexico Colombia Trinidad Pakistan North West Shelf W Australia Bass Strait The Falklands Exploration Producing and development
Slide 7: Project pipeline by stage
Maintenance CW DRC Angola Macedon Mad RBM HPX3 Samarco Antamina Cannington Thebe Boffa/Santou Peak Ekati CMSA Red Caroona Escondida Puma Scarborough Gabon Goonyella Blackwater Kennedy Browse Potash Resolution Wards Olympic Corridor Saraji Eastern Neptune New Knotty Nimba MKO Cerrejon Guinea Angostur
Slide 8: Competitive advantages
The core Large, Target Balanced Functional Our Balance Able Industry Trusted Speed Slide competitive to 7of organic long-life compete and sheet leading strategy decisions proven organisational dynamic strength growth upstream advantages geoscience technically plays and versus partner competitive opp
Slide 9: Agenda
Overview Agenda Petroleum Projects Slide Exploration 8 &of in Opportunities BHP Australia Billiton Petroleum
Slide 10: Australia Petroleum overview
Australia Australia’s Petroleum’s Outstanding Five Scarborough operator Slidemajor 9 Minerva -Alargest projects largest growth Non-operator key contributor Operator oil contributing delivered in under options and execution gas assessment North Producing located to since producer growth assets orWest
Slide 11: Australia production profile
Australia Production 25 22 20 15 10 11 3 2 Q1 Slide 0NGLs 913 22 20 819 FY 510 224 Crude Natural 2008 11 production (mmboe) 2& Q2 9gas 93FY 612 condensate 2008 profile Q3 FY 9 72008 Q4 FY 2008 Q1 FY 2009
Slide 12: Operated assets
Operated Moving Successful Sanction Portfolio Continued Assessing 113°E WA-255-P Griffin Ningaloo WA-12-R WA-155-P(1) Commonwealth/State EXMOUTH Western 0 Stybarrow Slide 50km11 114°E Venture to Australia of Assets Marine value and focus operated (2) delivery Pyrenees steady 115°E Griffin enhancing
Slide 13: Stybarrow
Stybarrow, BHP Start-up Cost Producing Australia’s Estimated Future Stybarrow Slide approximately Billiton 12infill ahead economic 80,000 Venture deepest Western drilling (Operator, of schedule bbl/day FPSO offshore Australia US$760 opportunities field50%) life (gross)– –facility November million 10
Slide 14: Minerva
Minerva, BHP Gas First Two Max Evaluating 5 0 Longford MINERVA Sydney Melbourne Adelaide Brisbane Slide 00km and subsea gross production Billiton 13 condensate Victoria sales front-end wells, (Operator, gas January onshore producing production compression 90%) 2005 gas approximately plant rate: 150
Slide 15: Griffin
Griffin, BHP Commenced Gas Water Currently Field Griffin Slide exported Billiton life 14 depth Venture Western 2013+ producing 130 production (Operator, toFPSO shore Australia metres approximately via45%) inpipeline January 1994 5,500 boe/d
Slide 16: Non-operated assets
Non-operated North Currently Increasing Bass Supplies Additional Slide Strait 15 West gas Australia’s production expansion Shelf toassets SEProject Australia largest projects – Train andgas Bass 5, underway Angel producer Strait are world class assets and material to Petroleum’s business
Slide 17: North West Shelf Venture
Australia’s Crude BHP LNG North Perseus Port Dampier Wilcox Keast/Dockrell Wanaea/Cossack Cossack/Pioneer Angel Sculptor Echo/Yodel Goodwyn Lambert/Hermes BARROW PIPELINE Karratha Exploration Production/Retention Oil Gas Pipelines WESTERN 0 Slide 50km supplies Hedland Billiton exported PLANT 16 West
Slide 18: North West Shelf Project scope
North Slugcatcher Trunklines Fractionation Heavy Domgas Stabiliser Gas LPG LNG Slide Export Condensate Domestic Sales 117 West Ends LNG 11Domgas Stabiliser Shelf 21LNG Fractionation Project 232LNG Stabiliser - Scope 42LNG Fractionation 3 Stabiliser 5 34 Stabiliser 5 Stabiliser 6
Slide 19: North West Shelf LNG Train 5
NorthLNG Train Capital Total First Slide system 18 5West production costproduction Shelf BHP capacity Project Billiton capacity (Trains from–share Train Train 4.4 1-5) mtpa approximately 55expected LNG delivered (100%) Expansion toahead be US$350 16.3 of project mtpa million (100%) schedule – 1 Sept
Slide 20: North West Shelf Angel
Northboost On-line Capital Delivered Will Produces Slide 19 West cost 3 up October ahead offshore Shelf BHP to 800 ofProject Billiton 2008 schedule mscf production of -share Angel gas andcapacity aapproximately within day andbudget to50,000 underpin US$200 barrels LNGmillion ofsales condensate going
Slide 21: LNG contracts and pricing
By 2012, BHP Most Old Market 100% FY2008 Contracts Short Notes: Slide gas Billiton 20 current term 80% (a) trend contracts FY2009 ~60% with Includes LNG sales 60% long-term has Gas NO reopener of (0-4yrs) 40% sales been FY2010 were and gas Reopener pricing 20% LNG have for and negotiated gas (a)term
Slide 22: LNG market outlook
With LNG Underlying In Longer Slide near Train Market demand 21term, 5demand recently new/expanded Australian Development in Asiagrowth region operational, greenfield likely regional has been North tosupply remain production strong, West required, strong, driven Shelf expected projects though Ventur
Slide 23: Bass Strait overview
BassPhilip Gippsland Altona WAG Melbourne Port Geelong Lakes Sale Traralgon Trafalgar Warragul Barry C+C Long Longford Proposed Non-GBJV Producing Slide Strait Gas 22 Island Beach Pipeline Entrance Petrochemical NGL Pipelines Gas Oil Basin Overview Bay Pipelines Point Marine Processing &Ethane JV Ga
Slide 24: Bass Strait production and revenue
Bass Strait (FY08, Product Crude Domestic Butane Propane Ethane Slide 23 &630 1,175 Gross Quantity 1,560 Condensate Gas Production tonnes/d tonnes/d 100% 755 tonnes/d Revenue TJ/d Basis) (11,000 72,000 (~((20,000 700 13,000 (50% bbl/d bbl/d) MMscf/d bbl/d) bbl/d) working 60% 2%10% 115,000 8%interest
Slide 25: Eastern Australia gas supply
Eastern BHP Bass Victoria Tasmania NSW Minerva BASS Sydney Longford Melbourne MINERVA Adelaide Brisbane 0 Slide 500km Strait Billiton 24 via STRAIT Australia via supplies the via directly the Eastern supplies thePrincipal Tasmanian Gas gas supplies Gas to gas Victoria Transmission Pipeline to gas Ga
Slide 26: Agenda
Overview Agenda Slide Exploration 25 of BHP Billiton Petroleum Petroleum in Australia Projects & Opportunities
Slide 27: Australian Petroleum growth projects
Australian Petroleum OIL UK Pakistan Algeria North 2,500 Bass Kipper 80mmcfd Subsea Turrum 200mmcfd W Pyrenees 96 FPSO Start-up Note: Slide Australia kbpd GAS Strait 26 All mmcfd West Rankin conversion (32.5% contracts (50%) anticipated / (71.43%) production 60mmcfd gas HQ, projects gas Shelf gas /B
Slide 28: Pyrenees location
21 00’s Pyreness Notional Stybarrow Pyrenees WA-12-R WA-155-P(1) Commonwealth Serrurier Muiron Tubridgi Tent Exmouth EXMOUTH North Griffin 1000m (Commonwealth Ningaloo (State SlidePoint 27 Waters) West 0-20 Venture 500m 113 Islands Point Development Island Oil Project, Development Gulf Marine Kilome
Slide 29: Pyrenees
Pyrenees BHP Sanctioned Project Double 96,000 Water Estimated Target Slide Billiton 28 depth for barrels costs hulled Project, first economic July 170 approximately (Operator, of oil2007 -250 oil Western 1Hprocessing field CY10 metres 71.43%) life Australia US$1.7 25capacity years billion (BHP Billi
Slide 30: Bass Strait Kipper
Bass pipe BHP Subsea 10,000 Processing Line Water Start-up Slide Strait Billiton 29 depth bpd tie-back expected delivered, -capacity condensate approximately Kipper shareCY11 approximately 80mmcfd (32.5% engineering (100%) 100 working gas metres and (100%) US$500 interest, procurement million non-op
Slide 31: Bass Strait Turrum
Basssales BHP New Gas 11,000 Full Currently Start-up Slidefield platform Strait Billiton 30bpd expected development expected in-condensate execution Turrum share Marlin CY11 to approximately (50% B commence expected (100%) linked working byto innew US$625 recover interest, 2015 bridge atmillion appr
Slide 32: North West Shelf NRB
Northgas BHP NRB New 2,500 Detailed Start-up Slide Billiton 31 designed mmcfd West expected engineering compression Shelf share gas to recover Project production CY12 approximately and gas-procurement remaining platform North (100%) Rankin US$850 connected lower progressing Bpressure million by 100
Slide 33: Australian Petroleum pre-execution projects
Australian Petroleum North Pakistan Algeria UK Replacement NWS Gas W Subsea Macedon Thebe Scarborough Browse LNG Eastern Bass Development Slide Australia field Strait development 32 WFGH CWLH West wells Australia LNG development HQ projects Shelf and of Drilling Gulf FPSO gas –ofpre-execution plant
Slide 34: Macedon
BHP Shallow Gas Water Approximately 0 113°E WA-255-P Griffin Stybarrow WA-155-P Pyrenees Ningaloo Macedon Western ONSLOW EXMOUTH Slide 50km Development—Macedon, isBilliton 33 depth very 21°E Venture Australia gas WA-12-R Development, Marine (2) (1) lean 114°E 180 development (Operator, 10 with metre
Slide 35: Scarborough
Gaskm Initial Other ExxonMobil No Target Thebe-2 Jansz-Io BHP WA-351-P Gorgon Pluto NWSV 50 Slide liquids Development Billiton 34 BHP gas market Thebe-1 Wheatstone supply (95% Billiton and Operated North methane, BHP will Jupiter - owned -Asia Scarborough, be Billiton BHP Scarborough from carbon gas
Slide 36: Thebe
PGas During Similar Evaluating Looking Located Thebe-2 Jansz-Io BHP WA-351-P Gorgon Pluto NWSV 50 Slide kmBilliton 35 Development north FY08, gas in Thebe-1 Wheatstone at 100% the options composition of Operated BHP reservoir Scarborough owned Jupiter for -Billiton Thebe, development BHPto and Scarb
Slide 37: North West Shelf life extension
NorthBilliton Evaluating Hermes Potential Studies BHP Cossack Slide 36 West continuing appraisal Pioneer infill option Shelf (Non-operator, well production replacement Project well tofor inextend 2009 future currently - CWLH field greater ~16.7%) infill studies being lives opportunities Life than cu
Slide 38: Agenda
Overview Agenda Petroleum Slide Exploration 37 of in BHP Australia Billiton Projects Petroleum & Opportunities
Slide 39: Key exploration opportunities
Key Canadian Gulf 8 Colombia NW 6 2 Falklands 4 Malaysia 1 Gippsland Exploration Material Balance Opportunities Slide wells well Australia exploration of 38 planned planned Mexico proven inLaurentian size Strategy with to plays and BHP potential appraisal and Billiton frontier forwells multiple expl
Slide 40: Carnarvon Basin exploration
Carnarvon Underwrote Exploring Additional Six Lambert Keystone Nereus Hermes Thebe-2 Jupiter Jansz-Io Lady WA-255-P WA-351-P Gorgon Pluto NWSV Aragon Black 50km BHP Slide month Billiton Nora 39 Pearl-1 Scarborough & appraisal 3D oilfield Thebe-1 Wheatstone West 3D Lambert for campaign Basin explorat
Slide 41: Browse Basin
Located Browse Recent Appraisal Evaluating WA Torosa 100km Crux Ichthys Argus Calliance BHP Slide - Billiton 40 302 Brecknock drilling Basin complex approximately -P program prospectivity Operated Non-Operated –and exploration ofcontinues; acquisition fields 400 of(Torosa Argus km and development of
Slide 42: Concluding Remarks
Concluding Significant Continued Commercialising Major Australia Slide 41 exploration a production major assets Remarks gas contributor focus opportunities growth to current in the and region future Petroleum production
Slide 43: Resourcing the future
resourcing bhpbilliton Slide 42 the future
Slide 44: 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: 3 November 2008 By: Jane McAloon Name: Jane McAloon Tit