Petroleum

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

Our upstream oil and gas strategy is to operate large assets.  Our Exploration efforts are diversified globally while focusing on largely proven basins, such as in the U.S. Gulf of Mexico, Australia, and the South China Sea.  We also have a range of promising prospects in the Philippines, India, Trinidad and Tobago, Algeria, Pakistan, and Malaysia.

J. Michael Yeager, President, Petroleum

Mike serves as President, Petroleum and as a member of the Group Management Committee.  Mike joined the company in April 2006 as Chief Executive Petroleum.  Mike previously held a number of senior positions at ExxonMobil, which included Vice President - ExxonMobil Development Company, 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).