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BIL
BIBLT
BIL - BHP Billiton Exploration And Development Report For The Quarter
Ended 30 September 2009
BHP Billiton Plc
Share code: BIL
ISIN: GB0000566504
News Release
21 October 2009
20/09
BHP BILLITON EXPLORATION AND DEVELOPMENT REPORT FOR THE QUARTER ENDED 30
SEPTEMBER 2009
This report covers the Group`s exploration and development activities for the
quarter ended 30 September 2009. This report, together with the Production
Report, represents the Interim Management Statement for the purposes of the UK
Listing Authority`s Disclosure and Transparency Rules. There have been no
significant changes to the financial position of the Group in the quarter ended
30 September 2009. Unless otherwise stated, BHP Billiton`s interest in the
projects referred to in this report is 100 per cent and references to project
schedules are based on calendar years.
Development
During the quarter, we sanctioned the Mt Arthur Coal mine expansion (energy
coal), known as the MAC20 Project, in the Hunter Valley, Australia.
Project And Share Of Initial Production Quarterly Progress
Ownership Approved Production Capacity
Capex Target (100%)
US$M Date
Petroleum
Projects
Pyrenees 1,200 H1 CY10 96,000 On schedule and
(Australia) barrels of budget. Floating
71.43% oil and 60 Production Storage and
Oil/Gas million cubic Offtake (FPSO)
feet gas per conversion scope has
day been completed with
sea trials and
commissioning
activities continuing.
Installation of subsea
facilities continue.
All tophole sections
drilled. 5 producers
and 1 injector well
completed.
Angostura Gas 180 H1 CY11 280 million On schedule and
Phase II cubic feet budget. Platform
(Trinidad and gas per day fabrication continues.
Tobago)
45%
Gas
Bass Strait 500 CY11 10,000 bpd On schedule and
Kipper condensate budget. West Tuna
(Australia) and platform retrofit work
32.5% - 50% processing continuing.
Gas/Gas capacity of
Liquids 80 million
cubic feet
gas per day
Bass Strait 625 CY11 11,000 bpd On schedule and
Turrum condensate budget. Platform
(Australia) and fabrication continues.
50% processing
Gas/Gas capacity of
Liquids 200 million
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 Offtake (FPSO)
(Australia) oil conversion continues.
16.67%
Oil
North West 850 CY12 2,500 million On schedule and
Shelf North cubic feet budget. Jacket
Rankin B Gas gas per day fabrication continuing
Compression ahead of schedule.
(Australia)
16.67%
LNG
Minerals
Projects
Worsley 1,900 H1 CY11 1.1 million On schedule and
Efficiency & tpa of budget. Engineering is
Growth additional 85% complete and
(Australia) alumina construction has
86% commenced. Procurement
Alumina and contracting
activities are well
advanced.
Iron Ore 1,850 H1 CY10 26 million On schedule and
(Western tpa of budget. Engineering is
Australia) additional complete, construction
RGP4 iron ore is essentially
86.2% system complete, and
Iron Ore capacity commissioning
activities are well
advanced. First ore is
expected to be
produced in Q4 CY09.
Iron Ore 4,800 H2 CY11 50 million On schedule and
(Western tpa budget. Engineering is
Australia) additional over 80% complete,
RGP5 iron ore procurement and
85% system contracting activities
Iron Ore capacity are well advanced, and
construction has
reached 18% complete.
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 Module 1 is
2.1 million complete. Project is
tpa domestic 98% complete.
thermal coal
Douglas- 975 Mid CY10 10 million On schedule and
Middelburg tpa export budget. Construction
Optimisation thermal coal activities are
(South and 8.5 progressing well with
Africa) million tpa civil works complete.
100% domestic The erection and
Energy Coal thermal coal installation of the
(sustains coal processing plant
current continues. Project is
output) 74% complete.
Newcastle 390 CY10 30 million On schedule and
Third Port tpa export budget. Stacker
Project coal loading reclaimer
(Australia) facility commissioning has
35.5% commenced with the
Energy Coal remaining construction
activities progressing
well. Project is 75%
complete.
MAC20 Project 260 H1 CY11 Increases Approval announced,
(Australia) saleable see News Release dated
100% thermal coal 24 July 2009.
Energy Coal production by On schedule and
approximately budget. Fixed plant
3.5 million construction underway.
tpa Project is 20%
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.
Grassroots exploration continued on copper targets in Chile, Argentina and
Zambia; nickel targets in Australia; manganese targets in Gabon; and diamond
targets in Canada. Exploration for iron ore, coal, bauxite and manganese was
undertaken in a number of regions including Australia, South America, Russia and
West Africa.
For the quarter ended 30 September 2009, BHP Billiton spent US$104 million on
minerals exploration, of which US$95 million was expensed.
Petroleum Exploration
Exploration and appraisal wells drilled during the quarter or in the process of
drilling as at 30 September 2009.
Well Location BHP Billiton Status
Equity
Mad Dog Green Canyon Gulf 23.9 % BHP Hydrocarbons
South-1 of Mexico GC 826 Billiton encountered. See
(BHP Billiton News Release dated
operator for this 17 July 2009.
well - BP operator
for all other
activities)
Petroleum exploration expenditure for the quarter ended 30 September 2009 was
US$29 million, of which US$26 million was expensed.
****
Further information on BHP Billiton can be found on our website:
www.bhpbilliton.com
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South Africa
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Tel: +44 20 7802 4015 Mobile: +44 7500 785 892
email: Bronwyn.Wilkinson@bhpbilliton.com
United Kingdom
Andre Liebenberg, Investor Relations
Tel: +44 20 7802 4131 Mobile: +44 7920 236 974
email: Andre.Liebenberg@bhpbilliton.com
Illtud Harri, Media Relations
Tel: +44 20 7802 4195 Mobile: +44 7920 237 246
email: Illtud.Harri@bhpbilliton.com
United States
Scott Espenshade, Investor Relations
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email: Scott.Espenshade@bhpbilliton.com
Ruban Yogarajah, Media Relations
Tel: US +1 713 966 2907 or UK +44 20 7802 4033
Mobile: UK +44 7827 082 022
email: Ruban.Yogarajah@bhpbilliton.com
BHP Billiton Limited ABN 49 004 028 077
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Melbourne Victoria 3000 Australia
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Date: 21/10/2009 08:50:00 Produced by the JSE SENS Department.
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