BHP Bhp Group Limited

TIDMBHP

RNS Number : 5676E

BHP Group PLC

06 November 2020

NEWS RELEASE

 
Release Time     IMMEDIATE 
Date             6 November 2020 
Release Number   20/20 
 
 

BHP completes Shenzi Transaction

BHP today announced that it has completed the transaction to acquire an additional 28 per cent working interest in Shenzi from Hess Corporation (Hess), for US$505 million subject to the typical adjustment to reflect net cash generated from the 1 July 2020 transaction effective date to the close date of 6 November 2020.

The transaction brings BHP's working interest to 72 per cent and adds approximately 11,000 barrels of oil equivalent per day of production (90 per cent oil) as of the transaction closing date of 6 November 2020.

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 20 January 2021 AEST) to reflect the additional production from Shenzi and other operational updates such as Gulf of Mexico hurricane impacts.

Shenzi is a six-lease development in the deepwater Gulf of Mexico and is structured as a joint ownership: BHP (Operator, 72 per cent interest) and Repsol S.A. (28 per cent interest).

Further information on BHP can be found at: bhp.com

 
Authorised for lodgement by: 
 Caroline Cox 
 Group General Counsel & Company 
 Secretary 
Media Relations                       Investor Relations 
 
 Email: media.relations@bhp.com        Email: investor.relations@bhp.com 
 
Australia and Asia                    Australia and Asia 
 
 Gabrielle Notley                      Tara Dines 
 Tel: +61 3 9609 3830 Mobile:          Tel: +61 3 9609 2222 Mobile: 
 +61 411 071 715                       + 61 499 249 005 
 
 Europe, Middle East and Africa        Europe, Middle East and Africa 
 
 Neil Burrows                          James Bell 
 Tel: +44 20 7802 7484 Mobile:         Tel: +44 20 7802 7144 Mobile: 
 +44 7786 661 683                      +44 7961 636 432 
 
 Americas                              Americas 
 
 Judy Dane                             Brian Massey 
 Tel: +1 713 961 8283 Mobile:          Tel: +1 713 296 7919 Mobile: 
 +1 713 299 5342                       +1 832 870 7677 
 
BHP Group Limited ABN 49 004          BHP Group plc Registration 
 028 077                               number 3196209 
 LEI WZE1WSENV6JSZFK0JC28              LEI 549300C116EOWV835768 
 Registered in Australia               Registered in England and Wales 
 Registered Office: Level 18,          Registered Office: Nova South, 
 171 Collins Street                    160 Victoria Street 
 Melbourne Victoria 3000 Australia     London SW1E 5LB United Kingdom 
 Tel +61 1300 55 4757 Fax +61          Tel +44 20 7802 4000 Fax +44 
 3 9609 3015                           20 7802 4111 
 
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 headquartered in Australia 
 
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November 06, 2020 10:48 ET (15:48 GMT)

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