BHP backing oil as it takes larger Shenzi share

BHP is taking another 28% of the Shenzi oil project in the Gulf of Mexico from US giant Hess Corporation for a price of US$505 million. 

BHP backing oil as it takes larger Shenzi share BHP backing oil as it takes larger Shenzi share BHP backing oil as it takes larger Shenzi share BHP backing oil as it takes larger Shenzi share BHP backing oil as it takes larger Shenzi share

Shenzi. Credit: BHP

 
The field produces around 11,000 barrels of oil equivalent per day, in a 90%-10% split between oil and gas.