OIL WELL DRILLING – MEXICO

BHP’s $1.3bn to lift US oil projects

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Original article by Paul Garvey
The Australian – Page: 20 : 14-Feb-19

Production at the Atlantis oil field in the Gulf of Mexico will increase by about 38,000 barrels of oil equivalent a day following BHP’s decision to invest $US696m ($976.3m) in the third stage of the project. BHP will also spend $US256m on drilling an additional appraisal well at its Trion project off the coast of Mexico. The capital investment is part of BHP’s strategy to increase its conventional oil and gas output.

CORPORATES
BHP GROUP LIMITED – ASX BHP, BP PLC

BHP heads offshore for petroleum growth

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Original article by Matt Chambers
The Australian – Page: 19 : 8-Mar-18

Steve Pastor, the head of BHP Billiton’s petroleum division, is upbeat about the potential of oil fields in the Gulf of Mexico, including the Trion project and the Wildling discovery. BHP will drill another appraisal well at Trion by the end of 2018, followed by two more in 2019. Pastor also says BHP will participate in the Mexican Government’s next auction of exploration permits in the gulf. He adds that there has been strong interest in BHP’s US shale assets, and the company could potentially swap some onshore shale acreage for offshore conventional oil assets.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, PEMEX PETROLEOS MEXICANOS