Nov 11 (Reuters) - BHP Group Ltd BHP.AX :
* "PETROLEUM IS SET TO DELIVER STRONG RETURNS AND CONTRIBUTE SIGNIFICANT VALUE FOR BHP THROUGH THE 2020S AND BEYOND"
* SEES FY20 CONVENTIONAL PETROLEUM PRODUCTION OF 110-116 MMBOE
* SEES FY20 CONVENTIONAL PETROLEUM UNIT COSTS OF US$10.5-11.5/BOE
* PETROLEUM'S GROWTH OPTIONS CURRENTLY INCLUDE SCARBOROUGH, WILDLING PHASE I, TRION AND TRINIDAD & TOBAGO NORTH
* RECENT WAVE OF NEW LNG SUPPLY WEIGHS ON MARKET UNTIL MID-2020S; DEMAND GROWTH FROM ASIA & EUROPE COULD ALLOW MARKET TO BALANCE BY MID-2020S
* AT SCARBOROUGH, NEGOTIATIONS FOR GAS PROCESSING ONGOING
* FOR SCARBOROUGH, SEES CAPEX OF US$1.4–1.9 BILLION (NET), WITH A FINAL INVESTMENT DECISION EXPECTED IN CY20