🕐11.04.12 - 07:27 Uhr
BHP BILLITON NEWS
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_Latest News Updates_
[2]Initial Funding Approved for Mad Dog Phase 2
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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
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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
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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
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http://www.bhpbilliton.com/home/investors/news/Pages/Articles/BHP-Billiton-Iron-Ore-Leadership.aspx
March 30, 2012
[6]Change to Aluminium Leadership
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http://www.bhpbilliton.com/home/investors/news/Pages/Articles/Change-to-Aluminium-Leadership.aspx
March 22, 2012
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