PERTH, Australia – BHP has decided to exit the WA-480-P permit in the Northern Beagle sub-basin offshore Western Australia after completing an evaluation process.
Elsewhere in the region, a seismic survey has finished over the company’s acreage in the Exmouth sub-basin. BHP expects to receive the processed data in mid-2018.
This year the company is budgeting $805 million globally in petroleum exploration activity, pursuing oil plays in its priority basins.
The budget for next year’s exploration program is $840 million, and includes one well in theUS Gulf of Mexico, three wells in Trinidad and Tobago, and one offshore Mexico.