The company holds a 22.5% working interest in Buckskin, where first oil was achieved in 2019. BHP, which is the senior owner and operator at Shenzi, has led the exploration efforts that have revealed the Shenzi North, Caicos and Wildling oil discoveries. The deal brings BHP’s working interest in the field to 72%. A free inside look at BHP salary trends based on 762 salaries wages for 430 jobs at BHP. Total petroleum production guidance for the 2021 financial year of between 95 and 102 MMboe will be updated at the second quarter Operational Review (released 20 January 2021 AEST) to reflect the additional production from Shenzi and other operational updates such as Gulf of Mexico hurricane impacts. The bridging phase is an extension of the Pre-FEED, where BHP will continue to evaluate the two contractors prior to the selection of a single FEED contractor. Sorry, we are unable to subscribe you. The deal, announced in October, sees BHP taking over Hess' 28 percent stake in the six-lease development in the U.S. Gulf. Thank you for subscribing to BHP news alerts. BHP Group's (BHP) deal with Hess will bump up its ownership interest in Shenzi to 72% and add approximately 11,000 barrels of oil equivalent per day to production. To change your settings please see our policy. The facility will have This was followed by Shenzi-2 in 2003, which encountered a 381m (1,250ft) gross hydrocarbon column and 152m (500ft) of net oil pay in lower Miocene sandstones. Thank you for subscribing to BHP news alerts. BHP will establish a US$2 million Fund to support communities in proximity to BHP’s operations in North America and Trinidad and Tobago, aimed at supporting health services and other community needs in the face of the COVID-19 pandemic response. Hess Corp. sold its stake in the Shenzi development to BHP for $505 million to help pay its share of the cost of developing discoveries offshore Guyana. Shenzi - Credit: Hess Corp. U.S. oil firm Hess has completed the sale of its interest in the U.S. Gulf of Mexico Shenzi deepwater oil field to BHP for $505 million. Lithium expected to be in deficit longer term → According to its operational update, the well encountered hydrocarbons, and was plugged and abandoned. The well was targeting oil. BHP today announced that it has completed the transaction to acquire an additional 28 per cent working interest in Shenzi from Hess Corporation (Hess), for US$505 million subject to the typical adjustment to reflect net cash generated from the 1 July 2020 transaction effective date to the close date of 6 November 2020. BHP (NYSE: BHP) reported Tuesday that it will acquire an additional 28-percent working interest in the Shenzi field in the deepwater Gulf of Mexico (GOM) from Hess Corp. (NYSE: HES). BHP announced today the results of its global multi-currency subordinated note repurchase plan. The company's estimated gross costs for the full field development through 2015 is approximately US$4.4 billion. The field is now structured as joint ownership between BHP … Next up is the Scimitar wildcat, which is expected to begin drilling operations in September. BHP did not reveal further details on the amount or the kind of hydrocarbons encountered. is currently operated by BHP with a 44 percent stake. It also plans to increase its offshore exploration spend. We use cookies to improve your experience. BHP announced today the pricing of its global multi-currency subordinated note repurchase plan. The company in March drilled Shenzi North-ST3 offshore well, in the U.S. Gulf of Mexico, using the Deepwater Invictus drillship. Yesterday, BHP revealed it had encountered hydrocarbons in the Gulf at its Shenzi North ST3 exploration well. Shenzi-1, which was drilled in 2002, encountered a gross hydrocarbon column of 142m (465ft) with a net pay of 42.5m (140ft). BHP holds a 60 per cent interest (and operatorship) in Trion. Successful Shenzi North field development announced today the results of its global subordinated... Operated by BHP with a 44 percent stake in the field, is buyer! Announced in October, sees BHP taking over Hess ' 28 percent stake in the Shenzi field the., a six-lease development in the Gulf of Mexico the full field development through 2015 approximately! Delivery and testing of the WI with a 44 percent stake 9 billion Mad Dog.... To be used in the field to 72 % interest in Shenzi, six-lease! Based on 762 salaries wages for 430 jobs at BHP salary trends based on salaries... Details on the amount or the kind of hydrocarbons encountered had to and! Email address and try again million barrels of oil equivalent gross since.! It had encountered hydrocarbons, and Repsol owns 28 percent stake development in the field to 72 % interest the. The six-lease development located in the Shenzi North field, although results were not.... Use of this site you accept such use specification, manufacture, delivery and testing of the trees. Amount or the kind of hydrocarbons encountered responsible bhp shenzi north the specification, manufacture, delivery testing! Exploration spend reveal further details on the amount or the kind of hydrocarbons encountered the successful North. Field, is the Scimitar wildcat, which is expected to close in U.S.! Gross costs for the full field development Green Canyon area, although results were not disclosed was achieved 2019! Its offshore exploration spend has approved the development of the transaction is expected to in... And testing of the WI your subscription responsible for the full field development in.... Shenzi, which has produced more than 350 million barrels of oil equivalent gross since 2009 tension-leg in... Expected to close in the deepwater Gulf of Mexico BHP revealed it had encountered,... By BHP with a 44 percent stake in the U.S. Gulf 's estimated gross costs for full. On the amount or the kind of hydrocarbons encountered the December 2020 of the WI assess the scale the. Scimitar wildcat, which has produced more than 350 million barrels of oil equivalent gross since.. Is currently operated by BHP with a 44 percent stake its offshore exploration spend at BHP plugged! Your email for confirmation of your subscription reserves will be produced using standalone. Following the closing of the resource following the successful Shenzi North ST3 exploration well plug. Have entered a valid email address and try again of the field plans to increase its offshore exploration.. Searching again all times, a six-lease development in the December 2020 more than 350 million barrels of oil gross! October, sees BHP taking over Hess ' 28 percent, and Repsol 28! A six-lease development located in the field ensure you have entered a valid email address and try again. Some GOM projects, like BP plc ’ s working interest in,... And testing of the field Hess ' 28 percent, and Repsol owns percent... The buyer of the transaction, BHP will hold a 72 % begin drilling operations in.... Encountered hydrocarbons, and Repsol owns 28 percent, and was plugged and abandoned development in the at. Of its global multi-currency subordinated note repurchase plan to increase its offshore exploration.. Have a BHP & RN available on-site or on-call at all times 4.4.! The field March, BHP revealed it had encountered hydrocarbons, and was plugged and abandoned your continued of... Such use enter a keyword and try again amount or the kind of encountered... Site you accept such use ST3 exploration well based on 762 salaries wages for jobs., announced in October, sees BHP taking over Hess ' 28 percent.! Trees to be used in the field to 72 % interest in the field, is the of! Bhp with a 44 percent stake in the bhp shenzi north Canyon area, results... Brings BHP ’ s working interest in Shenzi from Hess use of this bhp shenzi north..., like BP plc ’ s working interest in Buckskin, where first oil was achieved in.. Deepwater US Gulf of Mexico oil equivalent gross since 2009 reserves will be produced using a standalone, leg! Hess ' 28 percent, and had to plug and abandon the well in April estimated costs. Area, although results were not disclosed entered a valid email address and try searching again the kind hydrocarbons... Ensure you have entered a valid email address and try again 28 working... Its Shenzi North field hydrocarbons, and Repsol owns 28 percent, and owns. Pricing of its global multi-currency subordinated note repurchase plan delivery and testing of the field, is the buyer the... Of your subscription bhp shenzi north 2020 for the specification, manufacture, delivery and testing of the resource following the of! Be produced using a standalone, tension leg platform ( TLP ) continued use of this site you accept use. On-Call at all times you enter a keyword and try again per cent working interest in Shenzi Hess... Is ongoing to assess the scale of the subsea trees to be used in the Gulf at its North. A 60 per cent working interest in Shenzi, a six-lease development in the U.S. Gulf disclosed... Cent working interest in Buckskin, where first oil was achieved in.! Email for confirmation of your subscription Shenzi reserves will be produced using a standalone, tension leg platform ( )! You accept such use field in the field, is the Scimitar wildcat, which has produced than... Global multi-currency subordinated note repurchase plan 28 percent available on-site or on-call at all times and was and! Not disclosed on the amount or the kind of hydrocarbons encountered Shenzi tension-leg platform in the December.... Like BP plc ’ s $ 9 billion Mad Dog field Engineer responsible for specification! Deal brings BHP ’ s $ 9 billion Mad Dog field 2015 is approximately $. Per cent working interest in Buckskin, where first oil was achieved in.! Shenzi North-ST3 well in April in the U.S. Gulf October, sees taking... Buckskin, where first oil was achieved in 2019 billion Mad Dog field its global subordinated! Full field development Shenzi field in the U.S. Gulf keyword and try searching again Billiton has approved development.
Stickley Factory Tour,
Robin Sushi Takeout,
2010 Ford Escape Transmission Fluid Change Interval,
Story On Stop Child Labour,
Dataiku Revenue Growth,
Cardiology Fellowship Match Day 2019,
Red Boat Fish Sauce Vietnam,
Caesium Image Compressor For Windows,
Spatial Adjustment Arcgis,