BHP to make FID on Ruby gas project this year

BHP Petroleum Ltd. expects to make a final investment decision sometime this year on the Ruby natural gas project off Trinidad and Tobago, the company said in its latest earnings statement.

Phase 3 deepwater drilling has been completed for three exploratory wells. The Bele-1, Tuk-1, and Hi-Hat-1 exploratory wells each encountered gas, confirming additional volumes around the Bongos discovery, BHP said.

Technical work is under way to assess additional exploration targets and commercial options for the Northern gas play.

Elsewhere, BHP said it has spudded the deepwater Trion-3DEL appraisal well offshore Mexico (OGJ Online, Apr. 17, 2019).