BHP completes Shenzi Transaction
NEWS RELEASE
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Release Time |
IMMEDIATE |
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Date |
6 November 2020
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Release Number |
20/20 |
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BHP completes Shenzi Transaction
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.
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.
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.
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).
Further information on BHP can be found at: bhp.com
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Authorised for lodgement by: Caroline Cox Group General Counsel & Company Secretary
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Media Relations
Email: media.relations@bhp.com |
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Investor Relations
Email: investor.relations@bhp.com |
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Australia and Asia
Gabrielle Notley Tel: +61 3 9609 3830 Mobile: +61 411 071 715
Europe, Middle East and Africa
Neil Burrows Tel: +44 20 7802 7484 Mobile: +44 7786 661 683
Americas
Judy Dane Tel: +1 713 961 8283 Mobile: +1 713 299 5342 |
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Australia and Asia
Tara Dines Tel: +61 3 9609 2222 Mobile: + 61 499 249 005
Europe, Middle East and Africa
James Bell Tel: +44 20 7802 7144 Mobile: +44 7961 636 432
Americas
Brian Massey Tel: +1 713 296 7919 Mobile: +1 832 870 7677 |
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BHP Group Limited ABN 49 004 028 077 LEI WZE1WSENV6JSZFK0JC28 Registered in Australia Registered Office: Level 18, 171 Collins Street Melbourne Victoria 3000 Australia Tel +61 1300 55 4757 Fax +61 3 9609 3015 |
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BHP Group plc Registration number 3196209 LEI 549300C116EOWV835768 Registered in England and Wales Registered Office: Nova South, 160 Victoria Street London SW1E 5LB United Kingdom Tel +44 20 7802 4000 Fax +44 20 7802 4111 |
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Members of the BHP Group which is headquartered in Australia
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