BHP Billiton is reorganizing its operations and, as the role of President Petroleum will change to become more closely focused on operations and will no longer include direct oversight of functional and business administration, it has been agreed that Tim Cutt, currently President Petroleum, will leave the company, effective March 1.
Cutt was appointed president of Petroleum & Potash for BHP Billiton in July 2013, after being with BHP Billiton since 2007. Oil & Gas Financial Journal interviewed him in September 2013 about the company’s deepwater and shale projects.
Under the changes announced today, BHP Billiton will become a much simpler organization focused on geographic operating regions and supported by globalized functional services. BHP Billiton's minerals production operations will be organized into two regional units: Minerals Australia and Minerals Americas. The company's oil and gas exploration and production operations will continue to be housed within a global Petroleum unit, reflecting the operating environment in that sector.
Steve Pastor will become President Operations, Petroleum, and will have responsibility for BHP Billiton's petroleum interests in the Gulf of Mexico, onshore US, Australia, and Trinidad and Tobago. He will also oversee the company's ongoing petroleum exploration program. Pastor joined BHP Billiton in 2001 from Chevron Corp., and has operations and project management experience in the oil and gas sector in both conventional and onshore.