Petroleum

BHP Billiton Petroleum has exploration, development, production and marketing activities in more than a dozen countries around the globe.  We have a significant deepwater position in the Gulf of Mexico, as well as operations in Australia, the United Kingdom, Africa, the Middle East, and Asia. We are located in Houston, Texas, USA and are one of the core components of BHP Billiton.

Our core upstream oil and gas philosophy is to strive to be diversified globally while focusing on largely proven basins, such as in the US Gulf of Mexico, Australia, and the US Fayetteville Shale.  We also have a range of promising prospects in the South China Sea, Trinidad and Tobago, Algeria, Pakistan, and Malaysia.

Our Petroleum products are used as fuel for vehicles, fuel for furnaces to generate electricity, and in plastics, packaging, clothing, fabrics and toys.

J. Michael Yeager, Chief Executive Petroleum

Mike serves as a Group Executive for BHP Billiton and the Chief Executive for BHP Billiton Petroleum. Mike joined the company in April 2006. Mike previously held a number of senior positions at ExxonMobil, which included heading ExxonMobil's major joint venture capital projects and serving as Vice President-Africa and Vice President-Europe, where he was responsible for ExxonMobil's production operations in those regions.

BHP Billiton Petroleum is comprised of a base of large-scale, long-field-life, low-unit-cost production operations.  We pursue significant upstream opportunities with multiple options for growth to ensure continued success.

Our project development capability has allowed us to deliver industry leading projects, including Shenzi in the Gulf of Mexico and Pyrenees offshore Western Australia.

• Bass Strait, Australia – crude oil, condensate, LPG and natural gas (50 per cent working interest).
• North West Shelf (NWS), Australia – crude oil, condensate and LNG (16.67 per cent working interest and natural gas 8.33 per cent working interest).
• Minerva, Australia – natural gas and condensate (90 per cent working interest and operator).
• Zamzama, Pakistan – natural gas and condensate (38.5 per cent working interest and operator).
• Mad Dog (Green Canyon 782), US – crude oil and natural gas (23.9 per cent working interest).
• Atlantis (Green Canyon 743), US – crude oil and natural gas (44 per cent working interest).
• Greater Angostura, Trinidad and Tobago – crude oil (45 per cent working interest and operator).
• Liverpool Bay, UK – crude oil and gas (46.1 per cent working interest and operator).
• Neptune, Gulf of Mexico, US – crude oil and natural gas (35 per cent interest and operator).
• Shenzi, Gulf of Mexico, US – crude oil and natural gas (44 per cent interest and operator).
• Pyrenees, Australia – crude oil (71 per cent interest and operator).
• Stybarrow, Australia – crude oil (50 per cent interest and operator).
• Angostura Gas, Trinidad and Tobago – gas (45 per cent working interest).
• Fayetteville Shale, Arkansas, US – shale gas (100 per cent interest).
• Haynesville/Bossier Shale, Lousiana, US – shale gas (variable interest; average operated interest is 65 per cent).
• Eagle Ford Shale, Texas, US – shale gas and liquids (50 - 100 per cent interest).
• Permian Basin Shale, Texas, US – shale oil (85 - 100 per cent interest).