BHP makes FID for Ruby project off Trinidad and Tobago

BHP Group Ltd., Melbourne, has made its final investment decision to develop the Ruby oil and gas project on Block 3A offshore Trinidad and Tobago.

BHP Group Ltd., Melbourne, has made its final investment decision to develop the Ruby oil and gas project on Block 3A offshore Trinidad and Tobago.

The $500-million project involves a shallow-water tie-back of five production wells to existing processing facilities in Greater Angostura field on Block 2C about 8 km east.

Ruby field, discovered in November 2006, lies in 60-90 m of water about 40 km northeast of the twin-island nation’s coast.

The project has an estimated recoverable 2C resource of 13.2 million bbl of oil and 274 bcf of natural gas.

Start of production is scheduled for 2021 and BHP says it will increase production at peak from its Trinidad and Tobago assets by 16,000 b/d of oil and 80 MMcfd of gas.

The gas is expected to be directed to Trinidad and Tobago markets.

BHP is operator with 68.46%. Heritage Petroleum has 20.13% and National Gas Co. of Trinidad & Tobago has 11.41% interest.

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