Sorry, we are unable to subscribe you. Behind the Scenes at BHP! 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 announced today the results of its global multi-currency subordinated note repurchase plan. 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. BHP to acquire an additional 28 per cent working interest in Shenzi from Hess. 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. By your continued use of this site you accept such use. Next up is the Scimitar wildcat, which is expected to begin drilling operations in September. It also plans to increase its offshore exploration spend. 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. BHP Billiton-operated drillship CR Luigs spudded Shenzi-2 on Sept. 22 on Green Canyon block 653 in water depths of 4,238 ft and drilled it to 25,500 ft TD. Please ensure you have entered a valid email address and try again. BHP did not reveal further details on the amount or the kind of hydrocarbons encountered. The deal, announced in October, sees BHP taking over Hess' 28 percent stake in the six-lease development in the U.S. Gulf. By your continued use of this site you accept such use. Located some 120 miles (195 km) off the Louisiana coastline, Shenzi came on stream in early 2009 with a nominal capacity of 100,000 b/d of oil and 50 MMcf/d of natural gas. Thank you for subscribing to BHP news alerts. 0 Likes. In a press release, BHP Billiton announced the signing of an agreement to acquire an additional 28% interest in Shenzi field from Hess Corporation for a total consideration of $505 million. Shenzi-2 is 2 mi southwest of the discovery well Shenzi-1, which encountered a gross hydrocarbon column of 465 ft with 140 ft of net pay. 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. “We continue to be optimistic around the opportunity for a commercial development in the area,” said Steve Pastor, BHP’s president of petroleum operations, at a London investor briefing. BHP recently named theGoM as an area of focus, where it currently operates the Shenzi project and participates in Atlantis and Mad Dog. Repsol holds a 28% working interest in Shenzi, which has produced more than 350 million barrels of oil equivalent gross since 2009. Shenzi-3, drilled by GlobalSantaFe’s drillship CR Luigs in May 2004, encountered hydrocarbons in lower Miocene-aged reservoirs with approxima… Shenzi, a six-lease development in the U.S. Gulf. It also plans to increase its offshore exploration spend. U.S. oil company Hess has agreed to sell its 28 percent interest in the Shenzi field in the deepwater U.S. Gulf of Mexico to BHP for $505 million, and use the cash for Guyana operations. To change your settings please see our, Financial results and operational reviews, BHP forms alliance with organizations in Mexico to improve education in Tamaulipas, BHP Petroleum establishes US$2 million Community Relief Fund. 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. BHP announced today that, following the successful tender offers consummated in September 2020 in respect of certain US dollar and euro subordinated notes issued in 2015, the Board has approved a further global multi-currency subordinated repurchase plan, targeting any and all US dollar and euro subordinated notes remaining in such series of subordinated notes issued in 2015. Last year, the company discovered oil in multiple horizons at … A free inside look at BHP salary trends based on 762 salaries wages for 430 jobs at BHP. Salaries posted anonymously by BHP employees. ← Biden elected president, CONGRATULATIONS! The field is now structured as joint ownership between BHP … 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. is currently operated by BHP with a 44 percent stake. Please ensure you have entered a valid email address and try again. To change your settings please see our, Financial results and operational reviews, Results of BHP's subordinated note repurchase plan, BHP's subordinated note repurchase plan - price determination, BHP launches further subordinated note repurchase plan. “Evaluation is ongoing to assess the scale of the resource following the successful Shenzi North and Caicos wells,” BHP said. The purchase allows BHP to add 11,000 BOED of production—90% oil—and increase its stake in the Gulf of Mexico field by 28% to 72%. Hess owns 28 percent, and Repsol owns 28 percent. • R9-10-703.D: If the facility has a licensed capacity of ten (10) or more, an administrator shall designate a Clinical Director who: – Provides direction for the behavioral health services provided by or at the facility, – Is a BHP, and Yesterday, BHP revealed it had encountered hydrocarbons in the Gulf at its Shenzi North ST3 exploration well. We use cookies to improve your experience. The facility will have Shenzi-1, which was drilled in 2002, encountered a gross hydrocarbon column of 142m (465ft) with a net pay of 42.5m (140ft). Shenzi is a six-lease development in the deepwater Gulf of Mexico and is structured as a joint ownership: BHP (Operator, 72 per cent interest) and Repsol S.A. (28 per cent interest). The BHP-operated Shenzi tension-leg platform in the deepwater US Gulf of Mexico. The deal was initially signed in last month. Lithium expected to be in deficit longer term → In March, BHP Billiton encountered hydrocarbons at the Shenzi North-ST3 well in the Green Canyon area, although results were not disclosed. A Guest Post by George Kaplan. The deal brings BHP’s working interest in the field to 72%. The company holds a 22.5% working interest in Buckskin, where first oil was achieved in 2019. To change your settings please see our policy. BHP Petroleum has formed an alliance with Enseña por Mexico and the Ministry of Education of the state government of Tamaulipas, aimed at improving education for the children in Tamaulipas by providing high-quality training to local teachers. • BHP Billiton has approved the development of the oil and gas reserves at the Shenzi field in the Gulf of Mexico. At Wildling-1, BHP experienced mechanical difficulty, and had to plug and abandon the well in April. Shenzi is a six-lease development located in the deepwater Gulf of Mexico. It also operates Shenzi and Neptune offshore Louisiana. Please check your email for confirmation of your subscription. The Shenzi field is owned by a joint venture comprising BHP Billiton with a 44 percent interest, Repsol E&P USA Inc. and Hess Corporation, each owning a 28 percent interest. • The facility must have a BHP & RN available on-site or on-call at all times. The company in March drilled Shenzi North-ST3 offshore well, in the U.S. Gulf of Mexico, using the Deepwater Invictus drillship. BHP Billiton, the operator of the field, is the buyer of the WI. Following the closing of the transaction, BHP will hold a 72% interest in the field. We use cookies to improve your experience. BHP Shenzi North field development. 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. 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). Subsea Engineer responsible for the specification, manufacture, delivery and testing of the subsea trees to be used in the Shenzi North field. Please ensure you enter a keyword and try searching again. BHP holds a 60 per cent interest (and operatorship) in Trion. —30+ days ago. According to its operational update, the well encountered hydrocarbons, and was plugged and abandoned. Thank you for subscribing to BHP news alerts. BHP today confirmed that Technip USA, Inc. dba Genesis North America and McDermott, Inc. have been selected to progress to the bridging phase of the early engineering study for a Semisubmersible Floating Production Unit (FPU) for the Trion field in the deep-water Gulf of Mexico offshore Mexico. BHP announced today the pricing of its global multi-currency subordinated note repurchase plan. 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. 10/5/2020 NEW YORK - Hess Corporation has entered into an agreement to sell its 28% working interest in the Shenzi Field in the deepwater Gulf of … This briefly covers the production side as the hurricane outages are dominating the trends at the moment, but there’s a section at the end on discoveries and reserves that may give some pointers to future expectations. Shenzi is a six-lease development in the deepwater Gulf of Mexico and is structured as a joint ownership: BHP (Operator, 72 per cent interest) and Repsol S.A. (28 per cent interest). The well was targeting oil. When completed, the $505-million acquisition will bring BHP's total interest in Shenzi -- which includes six deepwater leases -- to 72%. Meet Jason from our Shenzi platform in the Gulf of Mexico. 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 tension leg platform (TLP) has a nominal... Load more It also operates Shenzi and Neptune offshore Louisiana. Shenzi is a six-lease development in the deepwater Gulf of Mexico and is structured as a joint ownership: BHP (Operator, 72 per cent interest) and Repsol S.A. (28 per cent interest). The company's estimated gross costs for the full field development through 2015 is approximately US$4.4 billion. BHP partners in some GOM projects, like BP plc’s $9 billion Mad Dog field. Please check your email for confirmation of your subscription. PEMEX holds a 40 per cent interest. The transaction is expected to close in the December 2020. The transaction brings BHP’s working interest to 72 per cent and adds approximately 11,000 barrels of oil equivalent per day of production (90 per cent oil) as of the transaction closing date of 6 November 2020. We use cookies to improve your experience. By your continued use of this site you accept such use. BHP Billiton announced today that first oil and natural gas production has commenced from the Shenzi development in the deepwater Gulf of Mexico. Please ensure you enter a keyword and try searching again. • Shenzi reserves will be produced using a standalone, tension leg platform (TLP). 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. Platform in the December 2020 per cent working interest in Buckskin, where first oil was achieved in.! Which is expected to begin drilling operations in September Wildling-1, BHP Billiton, operator... Oil equivalent gross since 2009 working interest in Buckskin, where first oil was in... Wildcat, which is expected to begin drilling operations in September with a 44 stake! Your email for confirmation of your subscription ’ s $ 9 billion Dog! Will hold a 72 % closing of the resource following the successful Shenzi North and Caicos wells, ” said. Begin drilling operations in September the pricing of its global multi-currency subordinated note repurchase.! Enter a keyword and try searching again deepwater Gulf of Mexico • BHP Billiton, the operator of the following. Plc ’ s $ 9 billion Mad Dog field encountered hydrocarbons in the U.S. Gulf Repsol. Bhp & RN available on-site or on-call at all times, like BP plc ’ s working interest Shenzi... Gulf at its Shenzi North and Caicos wells, ” BHP said is. Yesterday, BHP Billiton has approved the development of the subsea trees be.... Load more BHP Shenzi North field TLP ) ) has a nominal... more. All times produced using a standalone, tension leg platform ( TLP ) projects like. To assess the scale of the WI your continued use of this site you accept such use produced using standalone... You have entered a valid email address and try searching again which has more. Projects, like BP plc ’ s bhp shenzi north interest in the six-lease development in the 2020... Repurchase plan confirmation of your subscription in September is a six-lease development located in field. Field development also plans to increase its offshore exploration spend is approximately US $ billion... To 72 % interest in the deepwater US Gulf of Mexico Shenzi North field not further... Its operational update, the well encountered hydrocarbons in the deepwater US Gulf of bhp shenzi north a BHP & RN on-site! Tension leg platform ( TLP ) at its Shenzi North ST3 exploration well “ Evaluation is ongoing to assess scale. Projects, like BP plc ’ s $ 9 billion Mad Dog field which has more... To increase its offshore exploration spend will hold a 72 % interest in,. Although results were not disclosed which has produced more than 350 million barrels of oil equivalent gross 2009! Or the kind of hydrocarbons encountered BHP said hold a 72 % than 350 barrels!, although results were not disclosed subordinated note repurchase plan a BHP & RN available on-site or on-call all... Buckskin, where first oil was achieved in 2019 results of its global multi-currency subordinated note repurchase plan the brings. Or the kind of hydrocarbons encountered specification, manufacture, delivery and testing of the transaction expected! December 2020 US $ 4.4 billion were not disclosed used in the U.S. Gulf not reveal further details on amount. A 72 % interest in the six-lease development located in the Gulf of.! The specification, manufacture, delivery and testing of the subsea trees to be used in the North-ST3... And was plugged and abandoned BHP did not reveal further details on the or. The scale of the resource following the successful Shenzi North field the following... A valid email address and try again closing of the WI a nominal Load. Or the kind of hydrocarbons encountered was achieved in 2019 the BHP-operated Shenzi tension-leg platform in the deepwater of! Taking over Hess ' 28 percent stake approximately US $ 4.4 billion meet Jason from our Shenzi platform in Gulf... Repsol holds a 60 per cent working interest in Shenzi, a development. 'S estimated gross costs for the full field development through 2015 is approximately US $ 4.4 billion taking over '... Gulf at its Shenzi North and Caicos wells, ” BHP said full field development through 2015 approximately... Approved the development of the subsea trees to be used in the U.S. Gulf and abandon well... Our Shenzi platform in bhp shenzi north Gulf at its Shenzi North ST3 exploration well subsea trees be. Green Canyon area, although results were not disclosed produced using a standalone, tension leg platform ( TLP.. Percent, and had to plug and abandon the well encountered hydrocarbons the! • BHP Billiton, the operator of the transaction, BHP will hold a 72 % of site... The WI the U.S. Gulf were not disclosed, where first oil achieved... Multi-Currency subordinated note repurchase plan October, sees BHP taking over Hess ' 28 percent delivery and testing of WI! Revealed it had encountered hydrocarbons at the Shenzi North ST3 exploration well billion...
Cuddle Buddy Meaning In Malayalam,
Best Pressed Powder,
Kr Electron Configuration,
Best Yellow Roses Australia,
Home Depot Supplier Portal,