The transaction brings BHP’s working interest to 72% and adds approximately 11,000 barrels of oil equivalent per day of production (90% oil) as of the transaction closing date of November 6.
Total petroleum production guidance for the 2021 financial year of between 95 and 102 MMboe will be updated at the second quarter Operational Review, released January 20, 2021, to reflect the additional production from Shenzi and other operational updates such as Gulf of Mexico hurricane impacts, BHP said in a media release.
Shenzi is a six-lease development and is structured as joint ownership; BHP has a 72% interest and Repsol S.A. has 28% interest.
