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BHP - executive leadership team
BHP Chief Executive Officer, Andrew Mackenzie, announced changes to the BHP Executive Leadership Team to reflect BHP's simplified portfolio and transformation agenda.
Joining the Executive Leadership Team are:
Geraldine Slattery, President Operations Petroleum
Vandita Pant, Chief Commercial Officer
Jonathan Price, Chief Transformation Officer
Laura Tyler, Chief Geoscientist
They join Peter Beaven, Geoff Healy, Mike Henry, Diane Jurgens, Danny Malchuk and Athalie Williams on the Executive Leadership Team.
Geraldine Slattery will lead BHP's Petroleum business which includes oil and gas interests and development and exploration programs in the US, Australia, Mexico and Canada, effective 18 March 2019. Geraldine has 25 years' of experience with BHP, most recently as Asset President Conventional and has led a number of teams across the Petroleum business. She brings a strong combination of in- field technical experience and global leadership experience gained in the UK, Australia and the US.
Vandita Pant will assume the position of Chief Commercial Officer from 1 July 2019. Vandita brings strong global financial market and business development experience to the role. As Group Treasurer and Head of Europe, she has played a critical role in the execution of BHP's capital allocation framework, strengthened BHP's balance sheet and led the successful capital management program to return to shareholders the US$10.4 billion of net proceeds from the sale of BHP's US Onshore assets. Prior to BHP, Vandita held roles within ABN Amro and Royal Bank of Scotland and has lived and worked in Singapore, India and Japan.
Jonathan Price, currently Transformation Director, will assume the role of Chief Transformation Officer effective 1 March 2019 and join the Executive Leadership Team. Jonathan has held senior roles within BHP in Nickel, Marketing, Iron Ore and Finance where he has worked with governments, joint venture partners, customers, industry peers, investors and advisors. He will bring this global business experience and a track record of delivery and change management to this new role.
Laura Tyler will continue in her current role as Asset President Olympic Dam based in Adelaide reporting to Mike Henry. In addition to her direct responsibility for Olympic Dam, Laura will re-join the Executive Leadership Team from 1 March 2019 as Chief Geoscientist and bring a focus on geoscience and resource engineering risk management. She will lead technical experts to meet current and future requirements, given the importance of exploration and strategic resource management to BHP's transformation agenda.
Arnoud Balhuizen will return to the Netherlands after 25 years with Billiton and BHP. During Arnoud's time as Chief Commercial Officer, he led the successful integration of BHP's Marketing and Supply groups into one global commercial team. Through his leadership and vision, BHP's commercial function has developed strong global partnerships and created significant value.
Following the successful completion of the sale of BHP's US Onshore assets, Steve Pastor, has decided to leave BHP. Steve's leadership and oil and gas industry expertise, as President Operations Petroleum, has delivered a world class, strategically focused business.
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BHP - interim results presentation
The following document has been submitted to the National Storage Mechanism and will shortly be available for inspection at www.hemscott.com/nsm.do:
- BHP Results Presentation Half Year Ended 31 December 2018
The document may also be accessed via BHP's website - bhp.com
The Webcast for this presentation can be accessed at: https://edge.media-server.com/m6/p/c7yn2vsb
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BHP - conventional petroleum update
The BHP Board has today approved US$696 million (BHP share) in funding to develop the Atlantis Phase 3 project in the US Gulf of Mexico. This follows sanction by BP, as the Operator, of the Atlantis Phase 3 project, announced in January 2019. Atlantis Phase 3 is located in the deepwater Gulf of Mexico, approximately 130 miles (208 kilometres) off the coast of Louisiana. The Project is a subsea tie back of eight new production wells that will be drilled and completed to access infill resource opportunities. It will take advantage of existing infrastructure, production ullage and marketing agreements. First production is expected in the 2020 calendar year and is estimated to increase production by ~38,000 barrels of oil equivalent per day (boe/d) gross at its peak. BHP holds a 44 per cent interest in the Atlantis field. BP holds a 56 per cent interest.
BHP approves funding for additional Trion appraisal well
The BHP Board has today also approved US$256 million in funding to drill an additional appraisal well (3DEL) and perform further studies in the Trion field in Mexico, to further delineate the scale and characterisation of the resource.
The primary objectives of the 3DEL appraisal well and studies are to confirm the volume and composition of hydrocarbons near the crest of the Trion structure, and study the viability of development of the Trion field. The approved funds are within the forecast BHP exploration and appraisal expenditure budget.
The 3DEL appraisal well is expected to be drilled in the second half of the 2019 calendar year. BHP holds a 60 per cent interest (and operatorship) in Trion. PEMEX holds a 40 per cent interest.
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