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BHP Typhoon platform damaged by Hurricane Rita

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An initial assessment of BHP Billiton assets in the Gulf of Mexico following Hurricane Rita has revealed that the Typhoon tension leg platform (located in 2000 feet of water in Green Canyon area Blocks 236/237, approximately 165 miles south-southwest of New Orleans) was severed from its mooring and suffered severe damage during the storm.

The facility has been located and is being secured.

Chevron, the operator of the Typhoon field, has mobilised appropriate resources to address any environmental concerns. No employees are at risk as all were evacuated prior to the storm, and production was shut-in.

BHP Billiton holds a 50 per cent interest in the Typhoon field with Chevron holding the remaining 50 per cent. The facility commenced production in 2001. It has a nameplate capacity for the daily production of 40,000 barrels of oil and 60-million cubic feet of natural gas.

For the year ended June 2005, 4.3 million barrels of oil and 7.1 billion cubic feet of natural gas were produced through the Typhoon facility (BHP Billiton share).

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