September 17, 2008

BHP Billiton to Buy Gas From Second Phase of Greater Angostura Field Development

BHP Billiton, a diversified resources group, has signed a contract with the National Gas Company of Trinidad and Tobago for the purchase of gas from the second phase of its Greater Angostura field development in Trinidad and Tobago.

During the Phase II development, BHP Billiton and its partners will invest approximately $400 million to construct and install a new gas export platform alongside the company's existing facilities within the Greater Angostura Field.

The facility is expected to come online during the first half of 2011 and has a design capacity of 280 million cubic feet of gas per day.

The development also includes modifications to the existing Angostura facilities and the installation of new flow lines. The National Gas Company of Trinidad and Tobago will take delivery of the gas at the new gas export platform and will transport it into its proposed 36-inch diameter northeastern offshore pipeline and the 12-inch diameter Tobago pipeline.

Vincent Pereira, president of BHP Billiton Trinidad and Tobago, said: "BHP Billiton and its partners have been producing from Angostura since January 2005. Today's announcement of the development of this second phase will help to grow the base business for BHP Billiton in Trinidad and Tobago."