SYDNEY (AFX-ASIA) – BHP Billiton said its oil and condensate production in year to June output fell 16% to 65.893 million barrels, with second quarter production down 21% from the year earlier, due to natural field declines at its Bass Strait and Laminaria fields in Australia and Typhoon field in the US.
In a statement, the diversified miner said total petroleum output in the fourth quarter was down 10% from the year earlier at 30 million barrels of oil equivalent (boe), with full year output down 9% at 122 million boe.
Natural gas output for the year was down 1% over the year earlier figure at 281.2 billion cubic feet, liquefied petroleum gas was up 7% at 743,120 tonnes and ethane output was up 9 pct at 94,900 tonnes.
Seasonal conditions lifted demand for Bass Strait natural gas during the June quarter, which was partly offset by maintenance shut downs at Bruce in the UK.
Iron ore output rose 14% in the fourth quarter to 19.4 million tonnes, with full year output up 9% at 73.7 million tonnes.
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