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BIL
BIBLT
BIL - BHP Billiton Plc - BHP Billiton Exploration And Development Report For The
Quarter Ended 30 June 2009
BHP Billiton Plc
Share code: BIL
ISIN: GB0000566504
News Release
22 July 2009
14/09
BHP BILLITON EXPLORATION AND DEVELOPMENT REPORT FOR THE QUARTER ENDED 30 JUNE
2009
This report covers the Group`s exploration and development activities for the
quarter ended 30 June 2009. Unless otherwise stated, BHP Billiton`s interest in
the projects referred to in this report is 100 percent and references to project
schedules are based on calendar years.
Development
First production was successfully achieved during the quarter at the Gemco
Expansion Project in Australia (manganese) and the Atlantis North development in
the deep water Gulf of Mexico (oil and gas). Both projects were ahead of
schedule and within budget. In addition, the Alumar Refinery Expansion in Brazil
(alumina) announced first production on 9 July. These projects will no longer be
reported in future Exploration and Development Reports.
During the year ended 30 June 2009 an additional four projects to those noted
above achieved first production and four projects were sanctioned. The four
commissioned projects, all oil and gas, were Neptune, North West Shelf Train 5,
North West Shelf Angel and Shenzi. The sanctioned projects were the Bass Strait
Turrum, Angostura Gas Phase II and the North West Shelf Cossack, Wanaea,
Lambert, Hermes (CWLH) Life Extension projects (all oil and gas), as well as the
Western Australia Iron Ore Rapid Growth Project 5 (iron ore).
Project And Share Of Initial Production Quarterly
Ownership Approved Production Capacity Progress
Capex Target (100%)
US$M Date
Petroleum
Projects
Atlantis 185 H2 CY09 Tieback to First production
North (USA) Atlantis South achieved 5 June 2009,
44% ahead of schedule and
Oil/Gas within budget.
Pyrenees 1,200 H1 CY10 96,000 barrels On schedule and
(Australia) of oil and 60 budget. Floating
71.43% million cubic Production Storage and
Oil/Gas feet gas per Offtake (FPSO)
day conversion continues.
Final 3 of 15 tophole
sections drilled and 2
producers and 1
injector well
completed.
Installation of subsea
facilities continues.
Angostura Gas 180 H1 CY11 280 million On schedule and
Phase II cubic feet gas budget. Platform
(Trinidad and per day fabrication continues.
Tobago)
45%
Gas
Bass Strait 500 CY11 10,000 bpd On schedule and
Kipper condensate and budget. West Tuna
(Australia) processing platform retrofit work
32.5% - 50% capacity of 80 continuing.
Gas/Gas million cubic
Liquids feet gas per
day
Bass Strait 625 CY11 11,000 bpd On schedule and
Turrum condensate and budget. Commenced
(Australia) processing jacket and topsides
50% capacity of fabrication ahead of
Gas/Gas 200 million schedule.
Liquids cubic feet gas
per day
North West 245 CY11 Replacement On schedule and
Shelf CWLH vessel with budget. Floating
Life capacity of Production Storage and
Extension 60,000 bpd oil Offtake (FPSO)
(Australia) conversion continues.
16.67%
Oil
North West 850 CY12 2,500 million On schedule and
Shelf North cubic feet gas budget. Jacket
Rankin B Gas per day fabrication continuing
Compression ahead of schedule.
(Australia)
16.67%
LNG
Minerals
Projects
Alumar - 900 Q2 CY09 2 million tpa First production
Refinery of additional announced. See News
Expansion alumina Release dated 9 July
(Brazil) 2009.
36%
Alumina
Worsley 1,900 H1 CY11 1.1 million On schedule and
Efficiency & tpa of budget. Engineering is
Growth additional 75% complete and
(Australia) alumina construction has
86% commenced. Capital
Alumina expenditure profile is
being managed to
reflect changing
market conditions.
Iron Ore 1,850 H1 CY10 26 million tpa On schedule and
(Western of additional budget. Engineering is
Australia) iron ore 99% complete and
RGP4 system construction is over
86.2% capacity 90% complete.
Iron Ore
Iron Ore 4,800 H2 CY11 50 million tpa On schedule and
(Western additional budget. Engineering is
Australia) iron ore currently 70%
RGP5 system complete. Procurement
85% capacity and contracting
Iron Ore activities are well
advanced. Construction
activities are
continuing at all
sites.
Gemco 110 H1 CY09 1 million tpa First ore delivered
(Australia) of additional ahead of schedule and
60% manganese within budget.
Manganese concentrate
Klipspruit 450 H2 CY09 Incremental On schedule and
(South 1.8 million budget. Commissioning
Africa) tpa export of the crushing stream
100% thermal coal. and coal processing
Energy Coal Incremental plant is progressing.
2.1 million Project is 91%
tpa domestic complete.
thermal coal
Douglas- 975 Mid CY10 10 million tpa On schedule and
Middelburg export thermal budget. Construction
Optimisation coal and 8.5 activities are
(South million tpa progressing and first
Africa) domestic stacker reclaimer
100% thermal coal delivered. Steel
Energy Coal (sustains erection and coal
current processing plant
output) equipment installation
remains on schedule.
Project is 70%
complete.
Newcastle 390 CY10 30 million tpa On schedule and
Third Port export coal budget. Stacker
Project loading reclaimer components
(Australia) facility delivered and
35.5% construction
Energy Coal activities are
progressing well.
Project is greater
than 63% complete.
Minerals Exploration
BHP Billiton continues to identify and prioritise various exploration
activities. All of the exploration activities are reviewed regularly to ensure
that we are capturing value accretive opportunities for future development.
For the year ended 30 June 2009, BHP Billiton spent US$695 million on minerals
exploration, of which US$609 million was expensed. This includes US$94 million
of exploration spend for potash in Saskatchewan, Canada.
Petroleum Exploration
Exploration and appraisal wells drilled during the quarter or in the process of
drilling as at 30 June 2009.
Well Location BHP Billiton Status
Equity
Mad Dog Green Canyon Gulf 23.9 % BHP Hydrocarbons
South-1 of Mexico GC 826 Billiton encountered.
(BHP Billiton Completing
operator for this sidetrack drilling
well - BP operator operations.
for all other
activities)
Brecknock-4 Browse Basin 8.33% BHP Billiton Plugged and
Western Australia (Woodside suspended.
WA-32-R operator) Dry hole.
Petroleum exploration expenditure for the year ended 30 June 2009 was US$548
million, of which US$400 million was expensed.
****
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South Africa
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email: Bronwyn.Wilkinson@bhpbilliton.com
United Kingdom
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Tel: +44 20 7802 4195 Mobile: +44 7920 237 246
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United States
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email: Scott.Espenshade@bhpbilliton.com
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BHP Billiton Limited ABN 49 004 028 077
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Date: 22/07/2009 07:05:12 Produced by the JSE SENS Department.
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