🕐11.04.12 - 07:27 Uhr

BHP BILLITON NEWS



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http://us2.campaign-archive2.com/?u=af313f35d729cd0ac42ae04e3&id=2b8bd59669&e=ea61fbe524 _Latest News Updates_ [2]Initial Funding Approved for Mad Dog Phase 2 Links: 2.

http://www.bhpbilliton.com/home/investors/news/Pages/Articles/Initial-Funding-Approved-for-Mad-Dog-Phase-2.aspx April 11, 2012 âBHP Billiton today announced approval for US$708 million (BHP Billiton share) in precommitment funding for the Mad Dog Phase 2 project in the deepwater Gulf of Mexico.

The funding will facilitate detailed engineering and the procurement of long lead time items related to the hull, topsides and subsea equipment. The Mad Dog Phase 2 project is based on successful appraisal drilling which confirmed significant hydrocarbons in the southern portion of the Mad Dog field.

The proposed project includes the development of a second spar facility with all subsea production and injection wells.

The new facility is estimated to have a design capacity of approximately 130,000 barrels of oil per day that will be exported via the Mardi Gras Pipelines under existing agreements.

A final investment decision is anticipated in calendar year 2013 with first production scheduled for calendar year 2018. BHP Billiton Petroleum Chief Executive Officer, J.

Michael Yeager, said: âMad Dog Phase 2 will join our extensive Gulf of Mexico portfolio that includes Mad Dog and Atlantis as well as the Shenzi and Neptune platforms that we operate.

The extension of this field will underpin continued valuable liquids production from the Gulf of Mexico and further enhance our growth profile.â Mad Dog is a partnership between BP (operator, 60.5 percent share), BHP Billiton (23.9 percent) and Chevron (15.6 percent). [3]Read on Links: 3.

http://www.bhpbilliton.com/home/investors/news/Pages/Articles/Initial-Funding-Approved-for-Mad-Dog-Phase-2.aspx _Other News___ [4]Norwich Park Mine to Cease Production Links: 4.

http://www.bhpbilliton.com/home/investors/news/Pages/Articles/Norwich-Park-Mine-to-Cease-Production.aspx April 11, 2012 [5]BHP Billiton Iron Ore Leadership Links: 5.

http://www.bhpbilliton.com/home/investors/news/Pages/Articles/BHP-Billiton-Iron-Ore-Leadership.aspx March 30, 2012 [6]Change to Aluminium Leadership Links: 6.

http://www.bhpbilliton.com/home/investors/news/Pages/Articles/Change-to-Aluminium-Leadership.aspx March 22, 2012 [7]Home Links: 7.

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