BHP sanctions further drilling on deepwater Trion oil field

BHP’s board has approved $256 million in funding to drill an additional appraisal well (3DEL) and perform further studies on the deepwater Trion field offshore Mexico.

Offshore staff

PERTH, Australia – BHP’s board has approved $256 million in funding to drill an additional appraisal well (3DEL) and perform further studies on the deepwater Trion field offshore Mexico.

The main aims will be to confirm the volume and composition of hydrocarbons near the crest of the Trion structure, and to assess the viability of a field development.

“A further appraisal well at Trion, following the recent encouraging results at the2DEL appraisal well, reduces investment risk and adds value to this project,” a BHP spokesman commented.

“If Trion is determined to be commercial, these funds will also provide an option to potentially accelerate development…”

The proposed well should spud during the second half of the 2019 calendar year. BHP has a 60% operated interest, in partnership with Pemex.

02/13/2019

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