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BIL
BIBLT
BIL - BHP Billiton Plc - BHP Billiton approves Macedon Gas development in
Western Australia
BHP Billiton Plc
Share code: BIL
ISIN: GB0000566504
NEWS RELEASE
Release IMMEDIATE
Time
Date 24 September 2010
Number 25/10
BHP BILLITON APPROVES MACEDON GAS DEVELOPMENT IN WESTERN AUSTRALIA
BHP Billiton today announced approval for development of the Macedon gas field
in the Exmouth Sub-basin, Western Australia.
The Macedon Gas Development, to be operated by BHP Billiton, will commercialise
natural gas from offshore production lease WA-42-L, located 100 kilometres west
of Onslow. First production is expected during calendar year 2013. Recoverable
reserves for the Macedon field are between 400 and 750 billion cubic feet of
gas. Project costs will be approximately US$1.5 billion, of which BHP Billiton`s
share will be 71.43 percent (approximately US$1,050 million). The balance will
be invested by joint venture partner Apache Northwest with a 28.57 percent
interest.
The Macedon project involves four offshore production wells supplying a wet gas
pipeline to an onshore gas treatment plant to be constructed at Ashburton North,
17 kilometres south west of Onslow. A sales gas pipeline will be connected to
the Dampier to Bunbury Natural Gas Pipeline for sale to the domestic gas market
in Western Australia. The gas plant will have a design capacity of 200 million
standard cubic feet per day.
J. Michael Yeager, Chief Executive BHP Billiton Petroleum said today that the
Macedon project would be an important addition to the Company`s portfolio of
Western Australian projects.
"Macedon will be a valuable asset for our Company and will improve the security
for domestic gas supplies in both the short and medium term for Western
Australia. It will be the first development in the important Ashburton North
area and will make a strong contribution to the overall growth of our Petroleum
operations in Western Australia" he said.
Proposals to develop the project were subject to a comprehensive environmental
assessment process that involved extensive consultation with the local community
and other key stakeholders.
The Macedon Gas Development will build on BHP Billiton`s existing producing
interests in the north west region of Australia including its operated Stybarrow
and Pyrenees projects and non-operated North West Shelf Venture.
Further information on BHP Billiton can be found on our Internet site:
www.bhpbilliton.com
Australia United Kingdom & South Africa
Amanda Buckley, Media Relations Andre Liebenberg, Investor
Tel: +61 3 9609 2209 Mobile: +61 419 Relations
801 349 Tel: +44 20 7802 4131 Mobile: +44
email: Amanda.Buckley@bhpbilliton.com 7920 236 974
email:
Andre.Liebenberg@bhpbilliton.com
Kelly Quirke, Media Relations Illtud Harri, Media Relations
Tel: +61 3 9609 2896 Mobile: +61 429 Tel: +44 20 7802 4195 Mobile: +44
966 312 7920 237 246
email: Kelly.Quirke@bhpbilliton.com email:
Illtud.Harri@bhpbilliton.com
Fiona Martin, Media Relations Americas
Tel: +61 3 9609 2211 Mobile: +61 427 Scott Espenshade, Investor
777 908 Relations
email: Fiona.Martin2@bhpbilliton.com Tel: +1 713 599 6431 Mobile: +1
713 208 8565
email:
Scott.Espenshade@bhpbilliton.com
Leng Lau, Investor Relations Ruban Yogarajah, Media Relations
Tel: +61 3 9609 4202 Mobile: +61 403 Tel: US +1 713 966 2907 or UK +44
533 706 20 7802 4033Mobile: UK +44 7827
email: Leng.Y.Lau@bhpbilliton.com 082 022
email:
Brendan Harris, Investor Relations Ruban.Yogarajah@bhpbilliton.com
Tel: +61 3 9609 4323 Mobile: +61 437
134 814
email: Brendan.Harris@bhpbilliton.com
BHP Billiton Limited ABN 49 004 028 077 BHP Billiton Plc Registration
Registered in Australia number 3196209
Registered Office: 180 Lonsdale Street Registered in England and Wales
Melbourne Victoria 3000 Australia Registered Office: Neathouse Place
Tel +61 1300 55 4757 Fax +61 3 9609 London SW1V 1BH United Kingdom
3015 Tel +44 20 7802 4000 Fax +44 20
7802 4111
Members of the BHP Billiton group which is headquartered in Australia
Date: 27/09/2010 07:06:01 Produced by the JSE SENS Department.
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