BHP has signed a Membership Interest Purchase and Sale Agreement with energy company Hess Corporation (Hess) to acquire an additional 28 per cent working interest in Shenzi, a six-lease development in the deep-water Gulf of Mexico. The deal was initially signed in last month. BHP Billiton, the Australian conglomerate, will invest $2.7 billion in petroleum activities in 2016. Get the latest energy news delivered to your inbox. A free inside look at BHP salary trends based on 762 salaries wages for 430 jobs at BHP. BHP Billiton's deepwater Shenzi oil and gas field lies in the Gulf of Mexico in Green Canyon blocks 609, 610, 653, and 654, approximately 120 miles from the coast of Louisiana, US. 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). The Shenzi oil and gas field, located in the US part of the Gulf of Mexico, has been in production since March 2009. Due to this change if you are seeing this message for the first time please make sure you reset your password using the Forgot your password Link. The deal brings BHP’s working interest in the field to 72%. The Sydney Morning Herald. The drilling of these water injection wells was completed in August 2013 and the additional oil recovery through water injection was expected to be approximately 80 million barrels. Shenzi will be BHP Billiton’s second standalone, operated deepwater facility in the GoM, following the Neptune development, which was sanctioned last year and will come onstream by the end of CY 2007. The scope of the contract included the engineering, fabrication, and installation of a system of two infield flowlines and six flowlines welded to steel catenary risers, as well as connecting three drill centres to the production platform. Salaries posted anonymously by BHP employees. 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. As many as 20 production and water injection wells can be tied back to the TLP which is permanently moored in a water depth of approximately 1,310m. It has a water depth of approximately 1,311m (4,300ft). BHP Group BHP recently announced the signing of an agreement with Hess Corporation to acquire the latter’s 28% interest in Shenzi oil and gas field located in the Gulf of Mexico for $505 million. The Shenzi field is located in the Green Canyon area of the US Gulf of Mexico, approximately 200km off the coast of Fourchon, Louisiana. The Genghis Khan field was brought on-stream through a tieback to the Marco Polo tension leg platform (TLP) in 2007. BHP Billiton signs off on Shenzi project. BHP said that the acquisition is in line with its strategy of targeting counter-cyclical acquisitions in high-quality producing or near producing assets. Shenzi-3, drilled by GlobalSantaFe’s drillship CR Luigs in May 2004, encountered hydrocarbons in lower Miocene-aged reservoirs with approxima… Subscribe. Image courtesy of BHP. The Shenzi TLP has an oil processing capacity of 100,000 barrels a day (bpd) and a gas handling capacity of 50 million cubic feet a day (mcfd). BHP Group BHP recently announced the signing of an agreement with Hess Corporation to acquire the latter’s 28% interest in Shenzi oil and gas field located in the Gulf of Mexico for $505 million. Find out more about how we use your information in our Privacy Policy and Cookie Policy. Hess entered into an agreement to sell its 28 per cent working interest in the Shenzi field in the deepwater Gulf of Mexico to BHP to fund a project in Guyana in early October 2020. The scope of the contract included three suction-pile-supported umbilical distribution system structures, 40 steel tube flying lead assemblies, junction plates, and assorted test equipment. MELBOURNE (dpa-AFX) - BHP (BHP.AX, BLT.L, BBL, BHP) and Encounter Resources has reached an option agreement covering the 4,500km2 Elliott Copper project in … The Shenzi field was developed through a TLP located on Green Canyon block 653, and 16 production wells of which 14 wells were tied back to Shenzi platform with the remaining two connected to the Marco Polo platform. The Shenzi deep-water oil and gas field located in the US part of the Gulf of Mexico has been in production since March 2009. Yahoo is part of Verizon Media. The crude oil produced in the field is transported through a 20in-diameter lateral pipeline to Ship Shoal 332 B. In January-August period of 2020, the Shenzi field produced an average of 11,000 net barrels of oil equivalent per day. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. We have recently upgraded our technology platform. If you continue using our website, we'll assume that you are happy to receive all cookies on this website. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. Shenzi-1, which was drilled in 2002, encountered a gross hydrocarbon column of 142m (465ft) with a net pay of 42.5m (140ft). The Shenzi field was discovered on Green Canyon block 654 in 2002, while nearby Genghis Khan field on Green Canyon blocks 652 and 608 was discovered in 2005. BHP (NYSE: BHP) announced Friday that it has completed the transaction to acquire an additional 28% working interest in Shenzi from Hess Corporation for $505 million. The Shenzi Water Injection programme executed as part of the Shenzi field development comprised three water injection wells and associated facilities to inject up to 125,000 barrels of water a day at a pressure of 7,000 pounds per square inch (psi). Oceaneering International was contracted to supply umbilical distribution and connection equipment for the initial Shenzi field development, which comprised seven production wells. Shenzi field produced 11,000boed in the first eight months of 2020. BHP bought an additional 28% stake in the field from Hess in November 2020. BHP Billiton Petroleum has awarded Stress Subsea a contract for designing the water injection system for the Shenzi field development in Gulf of Mexico Green Canyon Blocks 609, 610, 653, and 654. We use them to give you the best experience. Modec International was awarded an engineering, procurement, and construction (EPC) for a tension leg platform (TLP) facility for the Shenzi field in July 2006. BHP Billiton is the operator of the field, with a 44% stake, while Repsol and Hess each have 28% stakes. The remaining amount would be spent on […] Image courtesy of Repsol. Three more production wells were drilled between 2014 and 2015, while another water injection well was completed in the second quarter of 2016 to improve production in the southern part of the field. It is operated by BHP which bought an additional 28% stake from Hess Corporation for approximately £384m ($505m) in November 2020 to increase its total working interest in the Shenzi filed to 72%. Subsea Lead - Shenzi Brownfield Projects BHP Houston, TX, US 6 months ago 104 applicants No longer accepting applications . The remaining 28% stake in the field continues to be held by Repsol. The Sydney Morning Herald. Shenzi is BHP Billiton’s flagship project in deepwater Gulf of Mexico. Structured as a joint ownership, … BHP Billiton says that the Shenzi oil and gas field in the deepwater Gulf of Mexico has been approved for development. Both the Shenzi and the Genghis Khan fields are part of the same geological structure. Petrobras discovers oil at northwest well in Búzios field, Brazil, Equinor to invest $345m in Statfjord Øst field to improve oil recovery, Reliance, BP begin production from R Cluster gas field offshore India, Bender launches new subsea cable LIM Insulation Monitoring device. Shenzi is a mature subsalt, Miocene field operated by BHP that has been producing since March 2009. Shenzi is a six-lease development located in the deepwater Gulf of Mexico. It is operated by BHP which bought an additional 28% stake from Hess Corporation for approximately £384m ($505m) in November 2020 to increase its total working interest in the Shenzi filed to 72%. The Shenzi deep-water oil and gas field located in the US part of the Gulf of Mexico has been in production since March 2009. The deal includes Genghis Khan, which is the western flank of the main Shenzi structure and has been developed independently, but has since been unitized with Shenzi into a single economic unit. NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE: HES) announced today that it has completed the previously announced sale of its 28% working interest in … The Shenzi tension leg platform (TLP) has 100,000bpd of oil processing and 50Mcfd of gas handling capacity. The recent acquisition increased BHP’s net production from the field by approximately 11,000 barrels of oil equivalent a day. The nominal production capacity of the field is 100,000 barrels of oil a day and 50 million cubic feet of gas a day. The Shenzi stake was sold for a total consideration of $505 million, subject to customary adjustments, with an effective date of 1 July 2020. The scope of the contract included project management, design, engineering, procurement, construction, and pre-commissioning services for the TLP. BHP Billiton, the operator of the field, is the buyer of the WI. Our network; Open Menu. You can change your choices at any time by visiting Your Privacy Controls. BHP boss Mike Henry has underlined the companys commitment to its petroleum division, with the company snapping up an extra 28 per cent of the Shenzi oil and gas project it … “We are purchasing the stake in Shenzi at an attractive price, it’s a tier one asset with optionality, and key to BHP’s Gulf of Mexico heartland. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. On 13 February 2019, the BHP Board approved the development of the Atlantis Phase 3 project in the US Gulf of Mexico. Around a half of the amount, $1.4 billion, will be spent on “high-return” infill drilling opportunities in the U.S. Gulf of Mexico and life extension projects at Bass Strait and North West Shelf in Australia. The gas is transported by a lateral pipeline to the existing Cleopatra pipeline. The produced water reinjection capacity of the TLP is approximately 125,000 barrels a day. Skip to sections navigation Skip to content Skip to footer. With a 44% stake, BHP Billiton is currently the operator of the field, located nearly 195km off the Louisiana coastline. Shenzi is structured as a joint ownership: BHP (Operator, 44 per cent interest); Hess (28 per cent interest) and Repsol S.A. (28 per cent interest). 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. BHP holds a 22% stake in the Cleopatra pipeline. The project includes a subsea tie back of eight new production wells and is expected to increase production by an estimated 38,000 gross barrels of oil equivalent per day at its peak. US-based energy company Hess is selling its entire stake of 28% in the Shenzi field in the deepwater Gulf of Mexico to BHP Billiton for $505m. Technip was contracted for the flowlines, risers, and subsea structures for the Shenzi field development in February 2007. Image courtesy of Repsol. Located in approximately 1,310m-deep waters, the offshore field spans across the Green Canyon blocks 609, 610, 653, and 654. From January 2008 to January 2010, Sam worked as a development geoscientist on the BHP Billiton operated Shenzi Project. Shenzi, a six-lease development, produced an average of 11,000 net boe/d (90% oil) in the first 8 months of 2020.
6th Grade End Of Year Social Studies Test, Paul Hollywood Blueberry Muffins, Vectorworks Trial Limitations, Shirogane Dad Voice Actor, Topo Chico Tesco, Fever Tree Light Tonic Water Review, Osha 10 Cheat Sheet 2020,