BHP sanctions Ruby tieback offshore Trinidad and Tobago
Aug. 8, 2019
(Courtesy BHP)
The development will focus on resources in the Ruby and Delaware reservoirs and will involve tiebacks of five production wells to existing processing facilities.
Offshore staff
PERTH, Australia – The BHP board has committed to the Ruby oil and gas project in block 3 (a) offshore Trinidad and Tobago.
As operator with a 68.46% interest the company will invest $283 million in the development, which carries a total projected cost of around $500 million.
Heritage Petroleum and the National Gas Company of Trinidad and Tobago (NGC) are the other partners with respective stakes of 20.13% and 11.41%.
The development will focus on resources in the Ruby and Delaware reservoirs and will involve tiebacks of five production wells to existing processing facilities, and newly-acquired ocean bottom node seismic imaging.
BHP estimates recoverable resources at 13.2 MMbbl of oil and 274 bcf of natural gas. It anticipates start-up during the 2021 calendar year, with peak output of ~16,000 b/d and ~80 MMcf/d.
