Petroleum & Potash

Petroleum, a global leader in oil and gas exploration, production, development and marketing.
Potash, focused on potash project development.

  • About Petroleum & Potash

    About Petroleum

    BHP Billiton Petroleum has exploration, development, production and marketing activities in more than a dozen countries around the globe, with a significant position in the deep water Gulf of Mexico, onshore US and Australia.  Petroleum also operates assets in the United States, Australia, United Kingdom, Trinidad and Tobago and Pakistan.

    Our oil and gas strategy is to focus on material opportunities, at high working interest with a bias for operatorship.  We also hold interests in exploration blocks where we explore for significant upstream opportunities in proven basins and promising prospects around the world using the latest seismic and geophysical technology to locate new resources.

    About Potash

    Our activities are aimed at potash project development.  Our interest in potash is via development projects largely within the Canadian province of Saskatchewan.  Potash is a globally traded commodity primarily used as a fertiliser.  We have exploration rights to over 14,500 square kilometres of highly prospective ground in the Saskatchewan potash basin.  The Jansen Project, located 140 kilometres east of Saskatoon, Saskatchewan, is our most advanced project and is in feasibility study stage.​

  • Leadership

     

    Tim Cutt, President, Petroleum and Potash 

    Tim was appointed President, Diamonds and Specialty Products in June 2011 and later President of Petroleum and Potash in July 2013.  Prior to joining Diamonds & Specialty Products, Tim was the President, Production in BHP Billiton's Petroleum business, a position he held since joining the company in 2007.  His career in the resources industry began with Mobil Oil Corporation where he held positions in engineering, operations and senior management. He served almost 25 years with Mobil and then ExxonMobil, including as President of ExxonMobil de Venezuela.
    Tim is a graduate of Louisiana Tech University with a Bachelor's Degree in Petroleum Engineering.

  • Assets

    Petroleum 

    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. 

    In addition to operating major offshore producing assets worldwide, Petroleum is a major North American Shale producer with operations in the Eagle Ford and Permian in Texas, the Fayetteville Shale in Arkansas and the Haynesville Shale in Louisiana.

    • Bass Strait, Australia – oil and gas (50 per cent working interest).
    • North West Shelf (NWS), Australia – oil, domestic gas, LPG, condensate and LNG (16.67 per cent working interest and 8.33 per cent working interest).
    • Minerva, Australia – gas and condensate (90 per cent working interest and operator).
    • Pyrenees, Australia – oil (71.43 per cent working interest and 40 per cent working interest and operator).
    • Stybarrow, Australia – oil and gas (50 per cent working interest and operator).
    • Neptune (Green Canyon 613), Gulf of Mexico, US – oil and gas (35 per cent working interest and operator).
    • Fayetteville Shale, Arkansas, US – shale gas (100 per cent interest).
    • Haynesville/Bossier Shale, Louisiana, 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 Shale, Texas, US – shale oil (85 - 100 per cent interest).
    • Shenzi (Green Canyon 653), Gulf of Mexico, US – oil and gas (44 per cent working interest and operator).
    • Atlantis (Green Canyon 743), Gulf of Mexico, US – oil and gas (44 per cent working interest).
    • Mad Dog (Green Canyon 782), Gulf of Mexico, US – oil and gas (23.9 per cent working interest).
    • Bruce/Keith, UK – oil and gas (16 per cent working interest and operator and 31.83 per cent working interest).
    • Rod Integrated Development, Algeria – oil (45 per cent working interest and 38 per cent working interest).
    • Greater Angostura, Trinidad and Tobago – oil and gas (45 per cent working interest and operator).
    • Zamzama, Pakistan – gas and condensate (38.5 per cent working interest and operator).

    Potash development projects 

    BHP Billiton has exploration rights to highly prospective land in the Saskatchewan potash basin.  The Jansen Project, the most advanced of our projects, is in feasibility study stage.  It has the potential to become one of the world’s premier potash mines and the platform for a significant and scalable potash business for BHP Billiton.