BHP completes Shenzi buy
Diversified major BHP over the weekend completed the transaction to acquire an additional 28% working interest in Shenzi, a six-lease development in the deepwater Gulf of Mexico.
The company in October struck the $505-million agreement with Hess Corporation, which would result in BHP’s working interest in the project increasing to 72% and immediately add approximately 11 000 barrels of oil equivalent per day of production.