BHP President Petroleum Operations, Geraldine Slattery said: “As a reputable operator with deepwater experience in the Gulf of Mexico, EnVen is ideally-placed to take operatorship of Neptune and we’re committed to a safe and smooth transition of operations. We’re proud of the safety performance, high uptime and operational excellence we’ve achieved over the last ten years as operator of Neptune. This divestment enables BHP to further reshape our portfolio in line with our long-term strategy. The Gulf of Mexico remains a heartland for BHP and we continue to look for opportunities to grow and further develop our business in the region.”
BHP will continue to operate Neptune under contract as part of the transition agreement until transfer of both operatorship and ownership are approved by the regulator.
Read the latest issue of Oilfield Technology in full for free: Issue 1 2021
Oilfield Technology’s first issue of 2021 begins with a look at US tight oil’s prospects this year. The issue then moves on to cover completions technology, production forecasting, electric fracturing, sand recovery and more.
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Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/24052021/bhp-divests-ownership-of-neptune-field-in-gulf-of-mexico/
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