Fossil energy – Gulf of Mexico
BHP approved 258 million dollars to move the Trion oil project offshore Mexico into the Front End Engineering Design (FEED) phase, focusing on completion of the engineering, commercial arrangements, and execution planning required to advance to a Final Investment Decision in 2022.
BHP holds 60% interest and operatorship of blocks AE-0092 and AE-0093 containing the Trion discovery located in the deepwater Gulf of Mexico, and PEMEX Exploration & Production Mexico has 40%.
Also, approved 544 million dollars to execute the Shenzi North oil project in the US Gulf of Mexico. BHP is the operator holding 72 % share and Repsol 28% working interest and expects to make a Final Investment Decision later this year and begin production in 2024.
Shenzi North is aligned with the petroleum strategy to unlock and deliver further growth options in the Gulf of Mexico heartland.
The Shenzi North represents the first development phase of Greater Wildling, with the resource and development plan further refined through Ocean Bottom Node seismic data and analysis. The project adds two wells and subsea equipment to establish a new drill center north of Shenzi with the capacity to produce up to approximately 30 mboe per day.