BHP boosts exploration

BHP Billiton will spend $US820 million (A$1.086) on exploration in the 2017 fiscal year following its successful bid for the undeveloped Trion discovery in Mexico and positive drilling results in the Americas.

BHP boosts exploration BHP boosts exploration BHP boosts exploration BHP boosts exploration BHP boosts exploration

Andrew Mackenzie.

BHP Billiton CEO Andrew Mackenzie said the company wanted to accelerate its counter-cyclical oil exploration efforts this year by allocating an additional $120 million.