Date:     20 August  2001
Number 11/01


BHP Billiton today announced that its wholly-owned subsidiary, BHP Petroleum
(Trinidad) Ltd., has extended the hydrocarbon discoveries previously made in
the Block 2(c) Production Sharing Contract area, offshore Trinidad, with its
third exploration well. The Kairi-1 well has been abandoned after encountering
an encouraging hydrocarbon column.
The well began drilling on July 4, 2001, in Trinidad's offshore block 2(c),
nearly 35 kilometers from the northeastern tip of Trinidad's coastline, and
four kilometers from BHP Billiton's Aripo-1 gas discovery. Using the jack-up
rig Global Labrador 1, the well was drilled to a depth exceeding 2,200 metres
in waters approximately 35 metres deep.
The significance of the well will be assessed following further evaluation of
drilling and resource data.  Further appraisal drilling will be required to
determine the size of the discovery. Additionally, further technical appraisal
requirements and development options for the area also are being evaluated.
This well has been drilled in an area where BHP Billiton has made earlier
hydrocarbon discoveries with the exploratory wells Angostura-1 and Aripo-1
that were drilled in 1999 and 2000, respectively.  A further exploration
well, Spitfire-1, drilled in the adjacent Block 2(ab) was plugged and
abandoned dry during the second quarter of 2001. The Company is actively
pursuing a strategy for commercialisation of the resources in the area.
BHP Billiton is the designated operator and holds a 45 per cent working
interest in Block 2(c).  Its partners are Elf Petroleum Trinidad B.V. with
a 30 per cent interest and Talisman (Trinidad) Ltd. with a 25 per cent

BHP Billiton is a world leading diversified resources Group and creates value
through the discovery, development and conversion of natural resources and
the provision of innovative customer and market-focused solutions.
The Group is a Dual Listed Company, comprised of BHP Billiton Limited and
BHP Billiton Plc, and is headquartered in Australia.

Further information about BHP Billiton can be found at: or contact:

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