Oceaneering International was contracted to supply umbilical distribution and connection equipment for the initial Shenzi field development, which comprised seven production wells. BHP has signed a Membership Interest Purchase and Sale Agreement with energy company Hess Corporation (Hess) to acquire an additional 28 per cent working interest in Shenzi, a six-lease development in the deep-water Gulf of Mexico. Located in approximately 1,310m-deep waters, the offshore field spans across the Green Canyon blocks 609, 610, 653, and 654. The Shenzi deep-water oil and gas field located in the US part of the Gulf of Mexico has been in production since March 2009. The Shenzi field was developed through a TLP located on Green Canyon block 653, and 16 production wells of which 14 wells were tied back to Shenzi platform with the remaining two connected to the Marco Polo platform. If you continue using our website, we'll assume that you are happy to receive all cookies on this website. The project includes a subsea tie back of eight new production wells and is expected to increase production by an estimated 38,000 gross barrels of oil equivalent per day at its peak. With a 44% stake, BHP Billiton is currently the operator of the field, located nearly 195km off the Louisiana coastline. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. Structured as a joint ownership, … Subsea Lead - Shenzi Brownfield Projects BHP Houston, TX, US 6 months ago 104 applicants No longer accepting applications . BHP Billiton, the operator of the field, is the buyer of the WI. Subscribe. BHP Billiton signs off on Shenzi project. The scope of the contract included the engineering, fabrication, and installation of a system of two infield flowlines and six flowlines welded to steel catenary risers, as well as connecting three drill centres to the production platform. A free inside look at BHP salary trends based on 762 salaries wages for 430 jobs at BHP. The remaining 28% stake in the field continues to be held by Repsol. Image courtesy of Repsol. Shenzi is a mature subsalt, Miocene field operated by BHP that has been producing since March 2009. Shenzi-3, drilled by GlobalSantaFe’s drillship CR Luigs in May 2004, encountered hydrocarbons in lower Miocene-aged reservoirs with approxima… To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. This was followed by Shenzi-2 in 2003, which encountered a 381m (1,250ft) gross hydrocarbon column and 152m (500ft) of net oil pay in lower Miocene sandstones. The Shenzi oil and gas field, located in the US part of the Gulf of Mexico, has been in production since March 2009. The Shenzi field was discovered on Green Canyon block 654 in 2002, while nearby Genghis Khan field on Green Canyon blocks 652 and 608 was discovered in 2005. BHP Billiton's deepwater Shenzi oil and gas field lies in the Gulf of Mexico in Green Canyon blocks 609, 610, 653, and 654, approximately 120 miles from the coast of Louisiana, US. BHP bought an additional 28% stake in the field from Hess in November 2020. In January-August period of 2020, the Shenzi field produced an average of 11,000 net barrels of oil equivalent per day. BHP Group's (BHP) deal with Hess will bump up its ownership interest in Shenzi to 72% and add approximately 11,000 barrels of oil equivalent per day to production. The deal was initially signed in last month. It is operated by BHP which bought an additional 28% stake from Hess Corporation for approximately £384m ($505m) in November 2020 to increase its total working interest in the Shenzi filed to 72%. We use them to give you the best experience. The scope of the contract included project management, design, engineering, procurement, construction, and pre-commissioning services for the TLP. Petrobras discovers oil at northwest well in Búzios field, Brazil, Equinor to invest $345m in Statfjord Øst field to improve oil recovery, Reliance, BP begin production from R Cluster gas field offshore India, Bender launches new subsea cable LIM Insulation Monitoring device. “We are purchasing the stake in Shenzi at an attractive price, it’s a tier one asset with optionality, and key to BHP’s Gulf of Mexico heartland. Hess entered into an agreement to sell its 28 per cent working interest in the Shenzi field in the deepwater Gulf of Mexico to BHP to fund a project in Guyana in early October 2020. Both the Shenzi and the Genghis Khan fields are part of the same geological structure. Around a half of the amount, $1.4 billion, will be spent on “high-return” infill drilling opportunities in the U.S. Gulf of Mexico and life extension projects at Bass Strait and North West Shelf in Australia. Shenzi, a six-lease development, produced an average of 11,000 net boe/d (90% oil) in the first 8 months of 2020. It is operated by BHP which bought an additional 28% stake from Hess Corporation for approximately £384m ($505m) in November 2020 to increase its total working interest in the Shenzi filed to 72%. Modec International was awarded an engineering, procurement, and construction (EPC) for a tension leg platform (TLP) facility for the Shenzi field in July 2006. Shenzi will be BHP Billiton’s second standalone, operated deepwater facility in the GoM, following the Neptune development, which was sanctioned last year and will come onstream by the end of CY 2007. BHP said that the acquisition is in line with its strategy of targeting counter-cyclical acquisitions in high-quality producing or near producing assets. BHP holds a 22% stake in the Cleopatra pipeline. BHP Billiton is the operator of the field, with a 44% stake, while Repsol and Hess each have 28% stakes. The Sydney Morning Herald. BHP (NYSE: BHP) reported Tuesday that it will acquire an additional 28-percent working interest in the Shenzi field in the deepwater Gulf of Mexico (GOM) from Hess Corp. (NYSE: HES). The Shenzi stake was sold for a total consideration of $505 million, subject to customary adjustments, with an effective date of 1 July 2020. Shenzi-1, which was drilled in 2002, encountered a gross hydrocarbon column of 142m (465ft) with a net pay of 42.5m (140ft). The nominal production capacity of the field is 100,000 barrels of oil a day and 50 million cubic feet of gas a day. Yahoo is part of Verizon Media. BHP Billiton says that the Shenzi oil and gas field in the deepwater Gulf of Mexico has been approved for development. Image courtesy of BHP. Shenzi is structured as a joint ownership: BHP (Operator, 44 per cent interest); Hess (28 per cent interest) and Repsol S.A. (28 per cent interest). It has a water depth of approximately 1,311m (4,300ft). Technip was contracted for the flowlines, risers, and subsea structures for the Shenzi field development in February 2007. The Shenzi tension leg platform (TLP) has 100,000bpd of oil processing and 50Mcfd of gas handling capacity. Shenzi field produced 11,000boed in the first eight months of 2020. US-based energy company Hess is selling its entire stake of 28% in the Shenzi field in the deepwater Gulf of Mexico to BHP Billiton for $505m. The Sydney Morning Herald. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. BHP Group BHP recently announced the signing of an agreement with Hess Corporation to acquire the latter’s 28% interest in Shenzi oil and gas field located in the Gulf of Mexico for $505 million. BHP Billiton Petroleum has awarded Stress Subsea a contract for designing the water injection system for the Shenzi field development in Gulf of Mexico Green Canyon Blocks 609, 610, 653, and 654. The remaining amount would be spent on […] Shenzi is BHP Billiton’s flagship project in deepwater Gulf of Mexico. The Shenzi TLP has an oil processing capacity of 100,000 barrels a day (bpd) and a gas handling capacity of 50 million cubic feet a day (mcfd). The deal includes Genghis Khan, which is the western flank of the main Shenzi structure and has been developed independently, but has since been unitized with Shenzi into a single economic unit. Field located in the deepwater Gulf of Mexico has been in production since March 2009 Policy Cookie. 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