| | Published : October 20th, 2015 | BHP Billiton Operational Review for the Quarter Ended 30 September 2015 |
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994ab18adbe785bfe5dad8.pdf
NEWS RELEASE
Release Time IMMEDIATE
Date 21 October 2015
Number 23/15
BHP BILLITON OPERATIONAL REVIEW
FOR THE QUARTER ENDED 30 SEPTEMBER 2015
-
Production guidance maintained across all businesses.
-
Petroleum capital expenditure of US$2.9 billion now planned for the 2016 financial year, a 6% decline from prior guidance of US$3.1 billion.
-
Four major projects under development are tracking to plan.
-
The Group continues to pursue high-quality oil plays with additional prospective acreage acquired in the Beagle sub-basin in Western Australia and the Western Gulf of Mexico.
-
Approval received for the extension of operational permits for Cerro Colorado until 2023.
-
In October, BHP Billiton priced multi-currency hybrid notes in the Euro, Sterling and US Dollar markets.
Production
|
SEP Q15 vs SEP Q14
|
Petroleum (MMboe)
|
65
|
(4%)
|
Lower gas volumes reflect deferral of development activity in the Onshore US gas-focused fields for longer-term value.
|
Copper (kt)
|
377
|
(3%)
|
Lower grades at Escondida offset strong operating performance across the business.
|
Iron ore (Mt)
|
61
|
7%
|
Ramp-up of the Jimblebar mining hub at Western Australia Iron Ore during the 2015 financial year.
|
Metallurgical coal (Mt)
|
10
|
0%
|
Productivity improvements offset planned longwall moves and wash-plant shutdowns at Queensland Coal.
|
Energy coal (Mt)
|
10
|
0%
|
Higher production at Cerrejón offset slightly lower volumes at New South Wales Energy Coal.
|
BHP Billiton Chief Executive Officer, Andrew Mackenzie, said: 'BHP Billiton remains on track to meet full-year production and cost guidance after a solid operational performance this quarter. In Petroleum, we continue to reduce costs in both our Onshore US and Conventional businesses, and will meet our production targets with US$200 million less capital investment. We successfully acquired prospective oil acreage in Western Australia and the Western Gulf of Mexico and will continue to invest through the cycle to create value for shareholders.'
Summary
Operational performance
Production for the September 2015 quarter and 2016 financial year guidance are summarised in the table below.
Production
|
SEP 2015 QTR
|
SEP Q15
vs SEP Q14
|
SEP Q15
vs JUN Q15
|
FY16
guidance
|
Petroleum (MMboe)
|
65
|
(4%)
|
2%
|
237
|
Onshore US (MMboe)
|
30
|
(2%)
|
(5%)
|
112
|
Copper (Mt)
|
0.4
|
(3%)
|
(13%)
|
1.5
|
Escondida (kt)
|
230
|
(14%)
|
(31%)
|
940
|
Iron ore (Mt)
|
61
|
7%
|
2%
|
247
|
WAIO (100% basis) (Mt)
|
67
|
8%
|
3%
|
270
|
Metallurgical coal (Mt)
|
10
|
0%
|
(8%)
|
40
|
Energy coal (Mt)(1)
|
10
|
0%
|
(7%)
|
40
|
Major development projects
At the end of the September 2015 quarter, BHP Billiton had four major projects under development in Petroleum, Copper and Potash, with a combined budget of US$7.0 billion.
Corporate update
On 14 and 15 October, BHP Billiton priced multi-currency hybrid notes in the Euro, Sterling and US Dollar markets. The Group priced EUR2.0 billion of subordinated fixed rate reset notes in the Euro market across two tranches, GBP600 million of subordinated fixed rate reset notes in the Sterling market and US$3.25 billion of subordinated fixed rate reset notes in the US Dollar market across two tranches. The proceeds will be used for general corporate purposes, including refinancing existing near-term debt maturities.
Petroleum
Production
SEP 2015 QTR
SEP Q15
vs SEP Q14
SEP Q15
vs JUN Q15
Crude oil, condensate and natural gas liquids (MMboe) 30.7 (1%) (1%)
Natural gas (bcf) 202.8 (7%) 6%
Total petroleum production (MMboe) 64.5 (4%) 2%
Total petroleum production - Total petroleum production for the September 2015 quarter decreased by four per cent to 64.5 MMboe. Guidance for the 2016 financial year remains unchanged at 237 MMboe, despite lower planned capital investment across our operations.
Crude oil, condensate and natural gas liquids - Crude oil, condensate and natural gas liquids production for the September 2015 quarter decreased by one per cent to 30.7 MMboe.
Onshore US liquids volumes for the September 2015 quarter rose by 17 per cent to 13.5 MMboe, underpinned by continued momentum in the Black Hawk and Permian where liquids production increased by 25 per cent and 103 per cent, respectively. A 17 per cent decline in Black Hawk and Permian liquids production from the June 2015 quarter reflected lower capital spend. However, we continue to expect annual volumes from these liquids-rich fields to be stable year on year.
In our Conventional business, an 11 per cent decrease in liquids production reflects the impact of industrial action at Bass Strait and natural field decline across the portfolio.
Natural gas - Natural gas production for the September 2015 quarter declined by seven per cent to 203 bcf.
The decline primarily reflected lower Onshore US gas volumes as a result of the decision to defer development activity for longer-term value. This was partially offset by higher seasonal demand at Bass Strait.
Projects
Project and ownership
Capital expenditure
(US$m)
Initial production
target date Capacity Progress
North West Shelf Greater Western Flank-A (Australia) 16.67%
(non-operator)
Bass Strait Longford Gas Conditioning Plant (Australia)
50% (non-operator)
400 CY16 To maintain LNG plant throughput from
the North West Shelf operations.
520 CY16 Designed to process approximately
400 MMcf/d of high-CO2 gas.
On schedule and budget. The overall project is 97% complete.
On schedule and budget. The overall project is 68% complete.
Petroleum capital expenditure of approximately US$2.9 billion is now planned in the 2016 financial year, a six per cent decline from prior guidance of US$3.1 billion, and includes Onshore US capital expenditure of US$1.4 billion. Conventional capital expenditure is expected to account for US$1.5 billion, and remains focused on high-return infill drilling opportunities in the Gulf of Mexico and Australia, as well as life extension projects at Bass Strait and North West Shelf.
Onshore US development activity
Onshore US drilling and development expenditure for the September 2015 quarter was US$463 million. Our operated rig count decreased from 10 to seven during the period as we continued to improve drilling efficiency and defer development activity to preserve value. Completions activity will be tailored to market conditions and we will exercise further flexibility should there be greater value in deferral.
September 2015 quarter Liquids focused areas Gas focused areas
(September 2014 quarter)
|
Eagle Ford
|
Permian
|
Haynesville
|
Fayetteville
|
Total
|
Capital expenditure(i)
|
US$ billion
|
0.3 (0.6)
|
0.1 (0.2)
|
0.0 (0.1)
|
0.0 (0.0)
|
0.5 (0.9)
|
Rig allocation
|
At period end
|
5 (17)
|
2 (5)
|
0 (3)
|
0 (0)
|
7 (25)
|
Net wells drilled and completed(ii)
|
Period total
|
44 (29)
|
7 (6)
|
4 (11)
|
6 (13)
|
61 (59)
|
Net productive wells(iii)
|
At period end
|
882 (676)
|
83 (63)
|
411 (910)
|
1,080 (1,034)
|
2,456 (2,683)
|
-
Includes land acquisition, site preparation, drilling, completions, well site facilities, mid-stream infrastructure and pipelines.
-
Can vary between periods based on changes in rig activity and the inventory of wells drilled but not yet completed at period end.
-
Change includes reduction associated with the divestment of assets in North Louisiana (Haynesville) and Pecos (Permian).
Petroleum exploration
Exploration and appraisal wells drilled during the September 2015 quarter are summarised below.
Well
|
Location
|
Target
|
BHP Billiton equity
|
Spud date
|
Water depth
|
Total well depth
|
Status
|
Shenzi North-ST1
|
Gulf of Mexico GC609
|
Oil
|
44%
(operator)
|
14 June 2015
|
1,309 m
|
8,315 m
|
Plugged and abandoned
|
Shenzi
|
Gulf of Mexico
|
Oil
|
44%
|
15 August 2015
|
1,309 m
|
9,223 m(2)
|
Hydrocarbons encountered
|
North-ST2
|
GC609
|
(operator)
|
Drilling ahead
|
Our Petroleum exploration is focused in the deepwater Gulf of Mexico, the Caribbean and the Beagle sub-basin in Western Australia. We are pursuing high-quality oil plays in these three key focus areas. In August 2015, BHP Billiton was the apparent highest bidder on 26 blocks in the Western Gulf of Mexico Lease Sale with a 100 per cent working interest. Of these leases, nine have been awarded and 17 remain subject to regulatory approval. The Group also captured approximately 13,000 square kilometres in the Beagle sub-basin in Western Australia during the period.
Petroleum exploration expenditure for the September 2015 quarter was US$171 million, of which US$78 million was expensed. A US$600 million exploration program is planned for the 2016 financial year, largely focused on acreage access and seismic data acquisition across our three key focus areas that we expect to test over the next three years.
Copper
Production
SEP 2015 QTR
SEP Q15
vs SEP Q14
SEP Q15
vs JUN Q15
Copper (kt) 377 (3%) (13%)
Zinc (t) 20,597 (1%) 30%
Silver (troy koz) 3,193 35% 29%
Uranium oxide concentrate (t) 1,161 34% 95%
Copper - Total copper production for the September 2015 quarter decreased by three per cent to 377 kt as strong operating performance across the business was offset by grade decline at Escondida, as anticipated. Guidance for the 2016 financial year remains unchanged at 1.5 Mt.
Escondida copper production for the September 2015 quarter decreased by 14 per cent to 230 kt as record material mined, supported by a six per cent improvement in truck utilisation, was more than offset by a 17 per cent decline in grade. Production guidance for Escondida remains unchanged at approximately 940 kt of copper for the 2016 financial year as increased throughput, enabled by the completion of the Escondida Organic Growth Project 1 and operational improvements, will only partly offset an anticipated 27 per cent decline in grade. In the medium term, completion of the Escondida Water Supply project and a potential life extension of Los Colorados may enable utilisation of three concentrators to offset grade decline and support a strong recovery in production.
Pampa Norte copper production for the September 2015 quarter was broadly unchanged at 57 kt as higher grade and recoveries at Spence offset lower grades and recoveries at Cerro Colorado. On 29 September 2015, the Regional Environmental Committee of the Tarapacá Region approved the extension of operational permits for Cerro Colorado until 2023. Production at Pampa Norte for the 2016 financial year is expected to remain broadly unchanged from the prior year.
Olympic Dam copper production increased by 40 per cent from the September 2014 quarter to 55 kt, and reflects completion of planned smelter maintenance in the prior period. An increase in production is anticipated in the 2016 financial year following a mill outage in the prior year.
Antamina copper production for the September 2015 quarter increased by 37 per cent to 35 kt as higher grades and recoveries were further supported by debottlenecking initiatives at the mill. Higher grades at Antamina are expected to contribute to an increase in copper volumes in the 2016 financial year.
Projects
Project and ownership
Capital expenditure
(US$m)
Initial production
target date Capacity Progress
Escondida Water Supply
(Chile) 57.5%
3,430 CY17 New desalination facility to ensure
continued water supply to Escondida.
On schedule and budget. The overall project is 62% complete.
Iron Ore
Production
SEP 2015 QTR
SEP Q15
vs SEP Q14
SEP Q15
vs JUN Q15
Iron ore (kt) 61,315 7% 2%
Iron ore - Total iron ore production for the September 2015 quarter increased by seven per cent to a record 61 Mt. Guidance for the 2016 financial year remains unchanged at 247 Mt.
Western Australia Iron Ore (WAIO) production increased by eight per cent in the September 2015 quarter to a record 67 Mt (100 per cent basis), supported by the ramp-up of the Jimblebar mining hub and improved ore handling plant utilisation at Newman. WAIO also achieved record sales volumes of 67 Mt (100 per cent basis) as a result of an increase in direct to ship ore and continued optimisation of the port facilities.
Production at WAIO is forecast to increase to 270 Mt (100 per cent basis) in the 2016 financial year with better productivity the sole source of volume growth. Work has commenced on the installation of a new primary crusher and additional conveying capacity at Jimblebar, and associated costs are included within WAIO's average annual sustaining capital expenditure of approximately US$5 per tonne. The ramp-up of additional capacity at the Jimblebar mining hub along with further productivity improvements, will deliver an increase in system capacity to 290 Mtpa over time.
Samarco production for the September 2015 quarter increased by nine per cent to 7.5 Mt (100 per cent basis) underpinned by the ramp-up of the fourth pellet plant to full capacity during the March 2015 quarter.
Coal
Production
SEP 2015 QTR
SEP Q15
vs SEP Q14
SEP Q15
vs JUN Q15
Metallurgical coal (kt) 10,449 0% (8%)
Energy coal (kt) 9,847 0% (7%)
Metallurgical coal - Metallurgical coal production for the September 2015 quarter was in line with the prior period. Guidance for the 2016 financial year remains unchanged at 40 Mt.
At Queensland Coal, record production at the Daunia and South Walker Creek mines was supported by an increase in wash-plant utilisation and yield. This was offset by planned longwall moves at the Broadmeadow and Crinum mines and wash-plant shutdowns at the Goonyella and Peak Downs mines. At current mining rates, operations at Crinum are expected to cease in the first quarter of the 2016 calendar year as the mine approaches the end of its economic reserve life.
First production from the Haju mine in Indonesia was achieved during the quarter.
Energy coal - Energy coal production for the September 2015 quarter was broadly in line with the prior period. Guidance for the 2016 financial year remains unchanged at 40 Mt(1).
Production at Cerrejón continues to be constrained by drought conditions, although volumes were seven per cent higher than the September 2014 quarter which was affected by more severe weather. This offset a slight reduction in volumes at New South Wales Energy Coal during the quarter due to lower yield.
On 2 July 2015, BHP Billiton announced that the sale agreement for the San Juan Mine to Westmoreland Coal Company (WCC) had been executed. Subject to regulatory approval, the transaction is expected to be completed at the end of the 2015 calendar year with WCC assuming full operation of the mine from 1 January 2016.
Potash
Projects
Project and ownership
Jansen Potash
Investment
(US$m) Scope Progress
2,600 Investment to finish the excavation and lining of the The project is 51% complete and within the
(Canada) 100%
production and service shafts, and to continue the installation of essential surface infrastructure and utilities.
approved budget. Shaft excavation is progressing following the successful redesign of the temporary liner.
Other
Production
SEP 2015 QTR
SEP Q15
vs SEP Q14
SEP Q15
vs JUN Q15
Nickel (kt) 22.1 (12%) 15%
Nickel - Nickel West production for the September 2015 quarter decreased by 12 per cent to 22 kt and reflected a reduction in third party ore delivered to the Kambalda concentrator.
Minerals exploration
Minerals exploration expenditure for the September 2015 quarter was US$44 million, of which US$34 million was expensed. Greenfield minerals exploration is predominantly focused on advancing copper targets within Chile, Peru and the South-West United States.
Variance analysis relates to the relative performance of BHP Billiton and/or its operations during the September 2015 quarter compared with the September 2014 quarter, unless otherwise noted. Production volumes, sales volumes and capital and exploration expenditure from subsidiaries are reported on a 100 per cent basis; production and sales volumes from equity accounted investments and other operations are reported on a proportionate consolidation basis.
The following footnotes apply to this Operational Review:
-
Guidance assumes a full year of production from the San Juan mine.
-
Well depth as at 30 September 2015; drilling still in progress.
The following abbreviations may have been used throughout this report: barrels (bbl); billion cubic feet (bcf); cost and freight (CFR); cost, insurance and freight (CIF); dry metric tonne unit (dmtu); free on board (FOB); grams per tonne (g/t); kilograms per tonne (kg/t); kilometre (km); metre (m); million barrels of oil equivalent (MMboe); million cubic feet per day (MMcf/d); million tonnes (Mt); million tonnes per annum (Mtpa); ounces (oz); pounds (lb); thousand barrels of oil equivalent (Mboe); thousand ounces (koz); thousand standard cubic feet (Mscf); thousand tonnes (kt); thousand tonnes per annum (ktpa); thousand tonnes per day (ktpd); tonnes (t); and wet metric tonnes (wmt).
Further information on BHP Billiton can be found at: www.bhpbilliton.com.
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PRODUCTION SUMMARY
|
QUARTER ENDED
|
YEAR TO DATE
|
BHP Billiton
|
SEP
|
DEC
|
MAR
|
JUN
|
SEP
|
SEP
|
SEP
|
interest
|
2014
|
2014
|
2015
|
2015
|
2015
|
2015
|
2014
|
|
Petroleum (1)
|
Petroleum
|
Crude oil, condensate and NGL (Mboe)
|
Onshore US
|
11,460
|
12,905
|
15,848
|
15,413
|
13,453
|
13,453
|
11,460
|
Conventional
|
19,485
|
18,258
|
15,450
|
15,759
|
17,259
|
17,259
|
19,485
|
Total
|
30,945
|
31,163
|
31,298
|
31,172
|
30,712
|
30,712
|
30,945
|
Natural gas (bcf)
|
Onshore US
|
113.6
|
110.3
|
99.9
|
96.4
|
98.2
|
98.2
|
113.6
|
Conventional
|
105.3
|
84.1
|
81.6
|
95.4
|
104.6
|
104.6
|
105.3
|
Total
|
218.9
|
194.4
|
181.5
|
191.8
|
202.8
|
202.8
|
218.9
|
|
Total petroleum production (MMboe)
|
67.4
|
63.6
|
61.5
|
63.2
|
64.5
|
64.5
|
67.4
|
|
Copper (2)
|
Copper
|
Payable metal in concentrate (kt)
|
Escondida (3)
|
57.5%
|
199.4
|
208.8
|
260.9
|
247.0
|
159.6
|
159.6
|
199.4
|
Antamina
|
33.8%
|
25.7
|
27.3
|
26.7
|
28.0
|
35.1
|
35.1
|
25.7
|
Total
|
225.1
|
236.1
|
287.6
|
275.0
|
194.7
|
194.7
|
225.1
|
Cathode (kt)
|
Escondida (3)
|
57.5%
|
69.3
|
75.0
|
77.3
|
88.8
|
70.9
|
70.9
|
69.3
|
Pampa Norte (4)
|
100%
|
55.8
|
69.6
|
66.5
|
57.7
|
56.8
|
56.8
|
55.8
|
Olympic Dam
|
100%
|
39.2
|
43.0
|
28.6
|
13.7
|
54.9
|
54.9
|
39.2
|
Total
|
164.3
|
187.6
|
172.4
|
160.2
|
182.6
|
182.6
|
164.3
|
|
Total copper
|
389.4
|
423.7
|
460.0
|
435.2
|
377.3
|
377.3
|
389.4
|
Lead
|
Payable metal in concentrate (t)
|
Antamina
|
33.8%
|
633
|
486
|
493
|
448
|
857
|
857
|
633
|
Total
|
633
|
486
|
493
|
448
|
857
|
857
|
633
|
Zinc
|
Payable metal in concentrate (t)
|
Antamina
|
33.8%
|
20,736
|
16,271
|
13,571
|
15,857
|
20,597
|
20,597
|
20,736
|
Total
|
20,736
|
16,271
|
13,571
|
15,857
|
20,597
|
20,597
|
20,736
|
Gold
|
Payable metal in concentrate (troy oz)
|
Escondida (3)
|
57.5%
|
21,980
|
12,710
|
21,265
|
25,554
|
23,805
|
23,805
|
21,980
|
Olympic Dam (refined gold)
|
100%
|
30,364
|
38,537
|
26,441
|
9,438
|
29,349
|
29,349
|
30,364
|
Total
|
52,344
|
51,247
|
47,706
|
34,992
|
53,154
|
53,154
|
52,344
|
Silver
|
Payable metal in concentrate (troy koz)
|
Escondida (3)
|
57.5%
|
1,159
|
958
|
1,355
|
1,314
|
1,181
|
1,181
|
1,159
|
Antamina
|
33.8%
|
954
|
885
|
872
|
1,115
|
1,766
|
1,766
|
954
|
Olympic Dam (refined silver)
|
100%
|
254
|
243
|
172
|
55
|
246
|
246
|
254
|
Total
|
2,367
|
2,086
|
2,399
|
2,484
|
3,193
|
3,193
|
2,367
|
Uranium
|
Payable metal in concentrate (t)
|
Olympic Dam
|
100%
|
866
|
1,076
|
607
|
595
|
1,161
|
1,161
|
866
|
Total
|
866
|
1,076
|
607
|
595
|
1,161
|
1,161
|
866
|
Molybdenum
|
Payable metal in concentrate (t)
|
Antamina
|
33.8%
|
40
|
75
|
151
|
206
|
92
|
92
|
40
|
Total
|
40
|
75
|
151
|
206
|
92
|
92
|
40
|
PRODUCTION SUMMARY
|
QUARTER ENDED
|
YEAR TO DATE
|
BHP Billiton
|
SEP
|
DEC
|
MAR
|
JUN
|
SEP
|
SEP SEP
|
interest
|
2014
|
2014
|
2015
|
2015
|
2015
|
2015 2014
|
Iron Ore Iron Ore
Production (kt) (5)
Newman
|
85%
|
16,707
|
16,012
|
14,916
|
16,062
|
18,006
|
18,006
|
16,707
|
Area C Joint Venture
|
85%
|
13,265
|
11,314
|
13,201
|
12,214
|
12,163
|
12,163
|
13,265
|
Yandi Joint Venture
|
85%
|
16,607
|
17,694
|
16,798
|
17,452
|
16,886
|
16,886
|
16,607
|
Jimblebar (6)
|
85%
|
3,971
|
2,813
|
4,513
|
5,462
|
3,262
|
3,262
|
3,971
|
Wheelarra
|
85%
|
3,115
|
4,755
|
5,965
|
5,159
|
7,259
|
7,259
|
3,115
|
Samarco
|
50%
|
3,426
|
3,764
|
3,586
|
3,737
|
3,739
|
3,739
|
3,426
|
Total
|
57,091
|
56,352
|
58,979
|
60,086
|
61,315
|
61,315
|
57,091
|
Coal Metallurgical coal
Production (kt) (7)
BMA
|
50%
|
8,228
|
9,009
|
7,602
|
9,023
|
8,087
|
8,087
|
8,228
|
BHP Billiton Mitsui Coal (8)
|
80%
|
2,204
|
2,128
|
2,057
|
2,370
|
2,347
|
2,347
|
2,204
|
Haju (9)
|
75%
|
-
|
-
|
-
|
-
|
15
|
15
|
-
|
Total
|
10,432
|
11,137
|
9,659
|
11,393
|
10,449
|
10,449
|
10,432
|
Energy coal Production (kt)
USA
|
100%
|
2,690
|
2,512
|
2,247
|
2,574
|
2,676
|
2,676
|
2,690
|
Australia
|
100%
|
4,752
|
4,608
|
5,252
|
5,086
|
4,644
|
4,644
|
4,752
|
Colombia
|
33.3%
|
2,369
|
3,003
|
2,975
|
2,944
|
2,527
|
2,527
|
2,369
|
Total
|
9,811
|
10,123
|
10,474
|
10,604
|
9,847
|
9,847
|
9,811
|
Other Nickel
Saleable production (kt)
Nickel West
|
100%
|
25.0
|
23.7
|
21.9
|
19.3
|
22.1
|
22.1
|
25.0
|
Total
|
25.0
|
23.7
|
21.9
|
19.3
|
22.1
|
22.1
|
25.0
|
-
LPG and ethane are reported as natural gas liquids (NGL). Product-specific conversions are made and NGL is reported in barrels of oil equivalent (boe). Total boe conversions are based on 6 bcf of natural gas equals 1 MMboe.
-
Metal production is reported on the basis of payable metal.
-
Shown on a 100% basis. BHP Billiton interest in saleable production is 57.5%.
-
Includes Cerro Colorado and Spence.
-
Iron ore production is reported on a wet tonnes basis.
-
Shown on a 100% basis. BHP Billiton interest in saleable production is 85%.
-
Metallurgical coal production is reported on the basis of saleable product. Production figures include some thermal coal.
-
Shown on a 100% basis. BHP Billiton interest in saleable production is 80%.
-
Shown on a 100% basis. BHP Billiton interest in saleable production is 75%.
PRODUCTION AND SALES REPORT
QUARTER ENDED
YEAR TO DATE
Petroleum (1)
SEP DEC MAR JUN SEP SEP SEP 2014 2014 2015 2015 2015 2015 2014
Bass Strait
Crude oil and condensate (Mboe) 2,818 2,284 1,156 1,707 1,877 1,877 2,818
NGL (Mboe) 2,161 1,512 961 1,548 2,091 2,091 2,161
Natural gas (bcf) 33.3 18.8 18.3 31.9 38.7 38.7 33.3
Total petroleum products (MMboe) 10.5 6.9 5.2 8.6 10.4 10.4 10.5
North West Shelf
Crude oil and condensate (Mboe) 1,501 1,395 1,355 1,215 1,362 1,362 1,501
NGL (Mboe) 293 273 268 198 227 227 293
Natural gas (bcf) 36.9 33.4 32.8 29.9 33.9 33.9 36.9
Total petroleum products (MMboe) 7.9 7.2 7.1 6.4 7.2 7.2 7.9
Crude oil and condensate
|
(Mboe)
|
225
|
248
|
194
|
93
|
(8)
|
(8)
|
225
|
Total petroleum products
|
(MMboe)
|
0.2
|
0.2
|
0.2
|
0.1
|
(0.0)
|
(0.0)
|
0.2
|
Stybarrow (2)
Crude oil and condensate
|
(Mboe)
|
2,109
|
1,901
|
1,709
|
1,435
|
2,096
|
2,096
|
2,109
|
Total petroleum products
|
(MMboe)
|
2.1
|
1.9
|
1.7
|
1.4
|
2.1
|
2.1
|
2.1
|
Pyrenees
Crude oil and condensate
|
(Mboe)
|
17
|
11
|
11
|
13
|
13
|
13
|
17
|
Natural gas
|
(bcf)
|
16.4
|
13.0
|
14.1
|
16.0
|
16.6
|
16.6
|
16.4
|
Total petroleum products
|
(MMboe)
|
2.8
|
2.2
|
2.4
|
2.7
|
2.8
|
2.8
|
2.8
|
Other Australia (3)
Atlantis (4)
Crude oil and condensate
|
(Mboe)
|
4,175
|
3,740
|
3,645
|
3,110
|
3,637
|
3,637
|
4,175
|
NGL
|
(Mboe)
|
248
|
294
|
245
|
209
|
231
|
231
|
248
|
Natural gas
|
(bcf)
|
1.7
|
2.3
|
1.7
|
1.7
|
1.6
|
1.6
|
1.7
|
Total petroleum products
|
(MMboe)
|
4.7
|
4.4
|
4.2
|
3.6
|
4.1
|
4.1
|
4.7
|
Mad Dog (4)
Crude oil and condensate
|
(Mboe)
|
390
|
877
|
720
|
651
|
588
|
588
|
390
|
NGL
|
(Mboe)
|
21
|
42
|
37
|
20
|
23
|
23
|
21
|
Natural gas
|
(bcf)
|
0.1
|
0.1
|
0.1
|
0.1
|
0.1
|
0.1
|
0.1
|
Total petroleum products
|
(MMboe)
|
0.4
|
0.9
|
0.8
|
0.7
|
0.6
|
0.6
|
0.4
|
Shenzi (4)
Crude oil and condensate
|
(Mboe)
|
3,530
|
3,502
|
3,283
|
3,369
|
3,277
|
3,277
|
3,530
|
NGL
|
(Mboe)
|
271
|
260
|
235
|
174
|
236
|
236
|
271
|
Natural gas
|
(bcf)
|
0.8
|
0.8
|
0.7
|
0.7
|
0.7
|
0.7
|
0.8
|
Total petroleum products
|
(MMboe)
|
3.9
|
3.9
|
3.6
|
3.7
|
3.6
|
3.6
|
3.9
|
Eagle Ford (5)
Crude oil and condensate
|
(Mboe)
|
7,060
|
8,098
|
10,837
|
9,363
|
7,700
|
7,700
|
7,060
|
NGL
|
(Mboe)
|
3,421
|
3,638
|
3,868
|
4,183
|
3,799
|
3,799
|
3,421
|
Natural gas
|
(bcf)
|
28.5
|
26.3
|
27.7
|
26.1
|
25.8
|
25.8
|
28.5
|
Total petroleum products
|
(MMboe)
|
15.2
|
16.1
|
19.3
|
17.9
|
15.8
|
15.8
|
15.2
|
Permian (5)
Crude oil and condensate
|
(Mboe)
|
601
|
807
|
856
|
1,447
|
1,481
|
1,481
|
601
|
NGL
|
(Mboe)
|
362
|
358
|
287
|
420
|
473
|
473
|
362
|
Natural gas
|
(bcf)
|
3.0
|
2.8
|
2.1
|
3.0
|
3.9
|
3.9
|
3.0
|
Total petroleum products
|
(MMboe)
|
1.5
|
1.6
|
1.5
|
2.4
|
2.6
|
2.6
|
1.5
|
Haynesville (5)(6)
Crude oil and condensate
|
(Mboe)
|
16
|
4
|
-
|
-
|
-
|
-
|
16
|
Natural gas
|
(bcf)
|
45.7
|
43.6
|
37.8
|
35.4
|
36.4
|
36.4
|
45.7
|
Total petroleum products
|
(MMboe)
|
7.6
|
7.3
|
6.3
|
5.9
|
6.1
|
6.1
|
7.6
|
|
|
|
BHP Billiton
|
|
PRODUCER |
CODE : BLT.L |
ISIN : GB0000566504 |
CUSIP : 05545E209 |
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
BHP Billiton is a nickel and lead producing company based in United kingdom. BHP Billiton produces nickel, lead, aluminum, bauxite, copper, diamonds, gold, iron, manganese, molybdenum, natural gas, oil, phosphate, silica, silver, titanium, uranium and zinc in Argentina, in Australia, in Brazil, in Canada, in Chile, in Colombia, in Peru, in South Africa and in Suriname, develops aluminum, copper, gold, iron, natural gas, nickel, oil, silica and silver in Australia, in Ecuador, in Philippines and in Suriname, and holds various exploration projects in Argentina, in Australia, in Botswana, in Canada, in Chile, in China, in Congo Dem. Rep. of, in Ecuador, in El Salvador, in Guatemala, in Guyana, in India, in Mexico, in Mongolia, in Mozambique, in Pakistan, in Peru, in Romania, in Sierra Leone, in South Africa, in Turkey, in Uruguay and in Zambia. Its main assets in production are CERRO COLORADO OXIDE, ESCONDIDA - OXIDE, PINTO VALLEY - LOW GRADE LEACH, SPENCE OXIDE, SPENCE, CANDELARIA CHILE 2, CERRO COLORADO SULPHIDE, ESCONDIDA SULPHIDE, ESCONDIDA SULPHIDE LEACH, SPENCE ROM, SPENCE SUPERGENE SULPHIDE, TRANSITIONAL SULPHIDE, PINTO VALLEY - SULPHIDE and PINTO VALLEY SULPHIDE STOCKPILE in Chile, OLYMPIC DAM - SULPHIDE, WORSLEY, CANNINGTON, PHOSPHATE HILL, GEMCO, MOUNT KEITH - OC, MT GOLDSWORTHY - NORTHERN, JIMBLEBAR - BKM, LEINSTER - OC, MT WHALEBACK, YARRIE MINE, YABULU, LEINSTER - SP, LEINSTER - SP OXIDISED, LEINSTER - UG, MOUNT KEITH - SP, YANDI MINE - CID, STYBARROW, OLYMPIC DAM - NON SULPHIDE AU ONLY, MT NEWMAN - BKM, MT NEWMAN - MM, MT GOLDSWORTHY AREA C - BKM, MT GOLDSWORTHY AREA C - MM, ANGOSTURA GAS and OREBODY 24 in Australia, ALUNORTE, SAMARCO, PINTO VALLEY MIAMI UNIT, TROMBETAS RIVER and MRN (BAUXITE MINING) in Brazil, SELBAIE, LES MINES (OPEN PIT) and BUFFER ZONE in Canada, MAMATWAN, RICHARDS BAY MINERALS OPERATION and WESSELS in South Africa, CERRO MATOSO and CERREJON COAL in Colombia, ANTAMINA, ANTAMINA and ANTAMINA ZINC ORE in Peru, LELYDORP MINE (SURINAME) in Suriname and BAJO DE LA ALUMBRERA in Argentina, its main assets in development are YAKABINDIE, HODGKINSON BASIN - TREGOORA, KIPPER, YANDI MINE - BKM, RAVENSTHORPE - SP and RAVENSTHORPE - LATERITE in Australia, ONVERDACHT in Suriname, PUJADA in Philippines and MIRADOR in Ecuador and its main exploration properties are WALES ISLAND, ILLIAMNA - BRISTOL, CHURCHILL, MIRAGE BAY - BAFFIN ISLAND, FOXE BASIN BAFFIN ISLAND, RAILROAD, LAC GAYOT- VIRGINIA, CHIDIAK-BAFFIN ISLAND, QILALUGAQ, GABBRO LAKE, POLARIS MINE, SAN MANUEL MINE and STANLEIGH MINE in Canada, PILBARA, MUSGRAVE, SOLDIERS CAP, HAMMER HILL, CLIFFS - UG, HODGKINSON BASIN -ATRIC and JIMBLEBAR - MM in Australia, KASHIJI PLAIN in Zambia, CHONTA and LA GRANJA in Peru, RATHDOWNEY TREND / MOATE in Ireland, KALAHARI in Botswana, ALTO CUILO PROJECT in Angola, MIRADOR NORTE in Ecuador, ACT (ADLAY CAGDIANAO TANDAWA NICKEL) in Philippines, COERMOTIBO in Suriname, GAC PROJECT in Guinea and GAG ISLAND in Indonesia. BHP Billiton is listed in Australia, in Germany, in United Kingdom and in United States of America. Its market capitalisation is GBX 5 095.4 billions as of today (US$ 6 099.3 billions, € 5 343.0 billions). Its stock quote reached its lowest recent point on June 28, 2002 at GBX 0.53, and its highest recent level on January 17, 2022 at GBX 2 412.50. BHP Billiton has 2 112 072 000 shares outstanding. |
In the News and Medias of BHP Billiton |
Annual reports of BHP Billiton |
Financings of BHP Billiton |
Nominations of BHP Billiton |
Financials of BHP Billiton |
Project news of BHP Billiton |
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Corporate news of BHP Billiton |
8/21/2016 | [$$] Mining companies sweat the big and small stuff |
8/8/2016 | BHP Billiton opens Mobile Application Hub in Shanghai |
7/14/2016 | Update: Samarco |
1/26/2016 | Why Are BHP’s Copper Volumes Falling? |
1/25/2016 | The Supply Side Doesn’t Have Good News for Iron Ore Prices i... |
1/25/2016 | BHP’s US Onshore Takes Another Hit—Is There More to Come? |
1/25/2016 | Analyzing BHP’s Expectations from Petroleum in Fiscal 2016 |
1/25/2016 | Samarco sensors gave warnings well before Brazil damburst -G... |
1/12/2016 | Top Analyst Upgrades and Downgrades: Apple, BHP Billiton, CA... |
1/8/2016 | Brazil dam burst tailings spill below early estimates |
12/24/2015 | Zacks Industry Outlook Highlights: BHP Billiton, Rio Tinto, ... |
12/23/2015 | Industrial Metals Stock Outlook - Jan 2016 |
12/18/2015 | Why puts are surging in BHP Billiton |
12/18/2015 | BHP May Have to Choose between Capex and Dividends |
12/18/2015 | Why Are These Five Stocks in the Spotlight Today? |
12/17/2015 | Miners Fell after the Interest Rate Hike but Recovered Later |
12/17/2015 | Depressed Iron Ore Prices Will Strain BHP Billiton’s Cash Fl... |
12/17/2015 | Will BHP’s Petroleum Division Need to Take on More Impairmen... |
12/17/2015 | How Could the Samarco Dam Failure Impact BHP Billiton? |
12/17/2015 | Could BHP Billiton’s Situation Worsen Going Forward? |
12/4/2015 | Tough job for BHP to keep credit rating intact |
12/2/2015 | Hedge Funds Are Betting On NIKE, Inc. (NKE) |
12/2/2015 | Should You Buy BHP Billiton Limited (ADR) (BHP)? |
12/1/2015 | LATAM WRAP-Vale, Samarco weaken over disaster costs |
11/30/2015 | BHP Billiton Faces Pricing & Currency Woes; Scopes Scant |
11/30/2015 | Update: Samarco |
11/28/2015 | Brazil to sue BHP, Vale for $ 5.2 billion for burst dam |
11/27/2015 | Joint Statement on Plans to Create Rio Doce Fund |
11/26/2015 | BHP Billiton Statement Tailings |
10/29/2015 | Will BHP Billiton Borrow to Maintain Progressive Dividends i... |
10/27/2015 | BHP shares sink amid natural gas weakness |
10/27/2015 | Assessing BHP Billiton’s Iron Ore Production Target in 1Q16 |
10/27/2015 | BHP Billiton’s Positive 1Q16 Results and Stock Reactions in ... |
10/20/2015 | BHP Billiton Operational Review for the Quarter Ended 30 Sep... |
10/20/2015 | Goldman Sachs issued $5 billion worth of high-grade bonds |
10/19/2015 | Rio Tinto’s Iron Ore Volumes Continue to Deliver in 3Q15 |
10/19/2015 | Cliffs Natural Resources Has Underperformed Iron Ore Peers S... |
10/15/2015 | What Impacts Iron Ore Miners’ Break-Even Costs? |
10/3/2015 | How Is Rio Tinto Trading Compared to Its Peers? |
9/30/2015 | How is Rio Tinto Weathering the Copper and Coal Price Downtu... |
9/30/2015 | Rio Tinto’s Iron Ore Division: Are More Cost Cuts Possible? |
9/29/2015 | BHP Billiton confident of robust portfolio despite climate c... |
9/29/2015 | Why the Outlook on Iron Ore Is Still Negative |
9/29/2015 | Is Glencore Too Big To Fail? |
9/29/2015 | BHP Billiton's split may have lessons for Alcoa |
9/28/2015 | Submission to Australia's Senate Economics References Commit... |
9/23/2015 | Weekly Three-Year Low Highlights: BHP Billiton, Qualcomm, Mo... |
9/23/2015 | BHP slumps as Australians asked to fund UK dividend |
9/23/2015 | Iron Ore Shipments Remain Strong for August |
9/22/2015 | BHP Billiton Releases First Economic Contribution and Paymen... |
9/21/2015 | China Iron Ore Port Inventory Remains Low |
9/21/2015 | Iron Ore Prices Are Holding Steady Thus Far |
9/18/2015 | Copper Stocks to Watch Post-Chile Earthquake |
9/10/2015 | What’s Driving Unit Cost Reduction for BHP’s Coal Segment? |
9/10/2015 | BHP’s Coal Segment Sees Record Production in Fiscal 2015 |
9/10/2015 | BHP Billiton and SaskPower Partner to Accelerate Development... |
9/10/2015 | How Much Lower Can BHP’s Unit Iron Ore Costs Go? |
9/10/2015 | Why BHP Delivered Record Iron Ore Production in Fiscal 2015 |
9/9/2015 | UK Market and EWU Rebounded after Panic over China |
9/9/2015 | BHP Billiton Petroleum Operational Excellence Underpins Valu... |
8/28/2015 | BHP Billiton Faces Pricing & Currency Woes; Scopes Scant |
8/28/2015 | Week in Review, August 29 |
8/26/2015 | RBC No Longer Hates BHP Billiton: Should You? |
8/26/2015 | BHP Billiton's FY15 Earnings Weak, Down Y/Y on Headwinds |
8/25/2015 | BHP posts 86 percent profit drop as commodity prices tumble |
8/18/2015 | Statement Senate Inquiry Into Corporate Tax |
8/13/2015 | Celebrating 130 Years of History |
8/12/2015 | China's Currency Move Devalues the Miners |
8/10/2015 | Polaris Capital Management Remains Bullish On Top Picks, Inc... |
8/5/2015 | Rio and BHP bounce after recent sell-off |
7/3/2015 | Which Iron Ore Companies Benefit from this Price Environment... |
6/3/2015 | Commodities' glut to drag on, BHP chief warns |
5/21/2015 | Australian government rejects iron ore inquiry |
5/20/2015 | BHP settles SEC probe into Beijing Olympics hospitality |
5/19/2015 | BHP slides in wake of South 32 split |
5/19/2015 | BHP chief blasts Australia iron ore inquiry plans |
5/4/2015 | Goldman Sachs May Sell Coal Mines --Energy Journal |
4/27/2015 | BHP Billiton faces A$522m Australian tax dispute |
4/27/2015 | Corporate Tax Inquiry |
4/22/2015 | BHP Billiton Prices EUR2.0 Billion Bond |
4/22/2015 | BHP Billiton taps the brakes on iron ore expansion |
4/20/2015 | BHP Spinoff's Tailspin Is Dream for X2's Mick Davis: Real M&... |
4/16/2015 | BHP Billiton Down to Hold on Hostile Pricing Environment - A... |
4/16/2015 | What Would South32 Look Like after the Demerger? |
4/16/2015 | Demerger Vote for BHP Billiton and South32 Is on May 6 |
4/14/2015 | How Are Iron Ore Companies Doing Amid Decade-Low Iron Ore Pr... |
4/14/2015 | Is Cheaper Australian Iron Ore Displacing Chinese Production... |
4/13/2015 | Oil shares lose appeal in income funds |
4/13/2015 | BHP, Rio Faulted by Barnett on Iron Ore as Citigroup Sees $3... |
4/13/2015 | BHP, Rio Faulted by Barnett on Iron as Citigroup Sees $30s |
4/3/2015 | Supporting Local Communities in Western Australia |
4/2/2015 | BHP hits bottom of FTSE as iron price drops |
3/30/2015 | BHP Billiton Provides Submission to the Productivity Commiss... |
3/30/2015 | BHP Billiton Submission to Productivity Commission Review of... |
2/26/2015 | BHP highlights shale productivity gains |
2/24/2015 | As FTSE Hits a Record, Scratch Beneath the Surface |
5/30/2013 | News Release |
5/28/2013 | News Release |
5/14/2013 | News Release |
5/8/2013 | News Release |
5/7/2013 | News Release |
4/29/2013 | News Release |
4/24/2013 | News Release |
4/18/2013 | News Release |
4/17/2013 | News Release |
4/11/2013 | News Release |
2/20/2013 | News Release |
2/20/2013 | News Release |
2/1/2013 | News Release |
1/30/2013 | News Release |
1/22/2013 | News Release |
12/12/2012 | News Release |
12/11/2012 | News Release |
11/13/2012 | News Release |
11/7/2012 | News Release |
10/17/2012 | News Release |
10/9/2012 | News Release |
9/30/2012 | News Release |
9/19/2012 | News Release |
9/18/2012 | News Release |
9/10/2012 | News Release |
9/10/2012 | News Release |
9/7/2012 | News Release |
9/4/2012 | News Release |
8/27/2012 | News Release |
6/27/2012 | News Release |
6/22/2012 | News Release |
5/22/2012 | News Release |
5/15/2012 | News Release |
5/14/2012 | News Release |
5/14/2012 | News Release |
5/10/2012 | News Release |
5/9/2012 | News Release |
5/8/2012 | News Release |
4/18/2012 | News Release |
4/11/2012 | News Release |
4/11/2012 | News Release |
3/5/2012 | News Release |
3/1/2012 | Petrohawk Form 10-K Filing With SEC |
2/23/2012 | News Release |
2/22/2012 | News Release |
2/21/2012 | News Release |
2/13/2012 | News Release |
2/13/2012 | News Release |
2/1/2012 | News Release |
2/1/2012 | News Release |
1/19/2012 | BHP Billiton Goonyella To Abbot Point Rail Project: On Track |
12/20/2011 | News Release |
12/13/2011 | News Release |
12/5/2011 | Petrohawk Form-10Q Filing With SEC |
11/29/2011 | News Release |
10/12/2011 | News Release |
10/10/2011 | News Release |
9/20/2011 | News Release |
9/12/2011 | News Release |
9/2/2011 | BHP Billiton Donates US$500,000 to the United Nations World ... |
8/23/2011 | Supporting the Illawarra Community |
8/21/2011 | News Release |
8/9/2011 | BHP Billiton to acquire HWE Mining subsidiaries |
7/26/2011 | BHP and Petrohawk Energy Announce Early Termination of Wai... |
7/22/2011 | BHP BILLITON PRODUCTION REPORT FOR THE YEAR ENDED 30 JUNE 20 |
6/14/2011 | BHP Billiton And University College London Launch Natural Re... |
6/1/2011 | BHP Billiton Successful In High Court On Australian Taxation... |
4/1/2011 | BHP Billiton Joins Marine Well Containment Company |
3/25/2011 | BHP Billiton today announced approval of a US$400 million in... |
3/25/2011 | (angl) BHP Billiton today approved three key metallurgical c... |
3/24/2011 | Further growth at Western Australia Iron Ore |
3/15/2011 | BHP Billiton Donates US$1 Million To Japanese Disaster Relie... |
3/14/2011 | 2011 Interim Dividend |
2/22/2011 | Announces Acquisition Of Chesapeake Energy Corporation's Fa... |
1/25/2011 | BHP Billiton Donates A$2 Million To Victorian Flood Relief |
1/23/2011 | Increases Donation To Queensland Prem's Disaster Relief Appe... |
12/31/2009 | Finalisation Of The Richards Bay Minerals BBBEE Transaction |
11/24/2009 | David Morgan Resigns as Director |
1/21/2009 | Changes to BHP Billiton's Nickel Business |
12/3/2008 | Approves The North West Shelf Cossack, Wanaea, Lambert, Herm... |
7/17/2008 | Mitsubishi Alliance Entered Into An Agreement To Acquire The... |
7/11/2008 | Completes Acquisition Of Anglo Potash Ltd |
9/14/2007 | Premier Morris Iemma Opens World-First Power Generation Proj... |
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