BHP Billiton, NGC sign contract for gas from Greater Angostura phase II

BHP Billiton has signed a contract with the National Gas Co. of Trinidad and Tobago (NGC) for the purchase of gas from the second phase of its Greater Angostura field.

Offshore staff

MELBOURNE, Australia -- BHP Billiton has signed a contract with the National Gas Co. of Trinidad and Tobago (NGC) for the purchase of gas from the second phase of its Greater Angostura field.

During the phase II development, BHP Billiton and its partners will invest approximately $400 million to construct and install a new gas export platform alongside the company's existing facilities within the Greater Angostura field. The facility is expected to be online during the first half of 2011 and has a design capacity of 280 MMcf/d.

The development also includes modifications to the existing Angostura facilities and the installation of new flowlines. NGC will take delivery of the gas at the new gas export platform and will transport it into their proposed 36-in. (91-cm) diameter Northeastern Offshore pipeline and the 12-in. (30-cm) diameter Tobago pipeline.

The Greater Angostura field includes oil and gas discoveries at Aripo, Kairi, and Canteen.

09/16/2008

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