BHP has added to its discovered resources in Trinidad and Tobago after three exploration wells hit hydrocarbons.
The update was delivered July 17 as part of the company’s operational review for the financial year, which ended June 30. Each well targeted gas in Pliocene-aged rocks.
The first well, Bélé-1 in Block 23a, was spud in March and was drilled to a depth of 3,982 m. The second, Tuk-1, was spud in April—also in Block 23a. It was the deepest of the three—at 4,511 m. The Hi-Hat 1 exploration well was spud in May in Block 14 and drilled to a depth of 3,804 m.
All three hit hydrocarbons and were plugged and abandoned, the company said.
“These three discoveries in our Northern licenses have established additional volumes around the Bongos discovery and evaluations are ongoing,” BHP said in the update. “Technical work is underway to assess further exploration targets and commercial options for the Northern Gas play.”
The results marked the end of the Phase 3 of the company’s deepwater drilling campaign in the region. BHP is the operator of all three wells and holds a 70% interest.
Recommended Reading
What a Trump Win Would Mean for Oil Prices and Stocks
2024-08-23 - A second Trump administration might move the price needle on oil slightly, but OPEC would retain the upper hand in any outcome.
Paisie: Geopolitics, Economic News Rattle Oil Markets
2024-08-21 - Demand is expected to outstrip supply in third-quarter 2024, with prices in the $80s.
DC Appeals Court Shoots Down White House’s Pipeline Safety Rules
2024-08-20 - The Interstate Natural Gas Association of America brought the suit against five new regulations, claiming the new rules did not provide enough benefits to justify the costs associated with implementation.
Belcher: How Overturning the Chevron Deference Will Impact Energy Regs
2024-08-20 - The decision will enable the industry to challenge an array of federal regulatory actions.
Mexico Energy Forum: Election Impacts on US-Mexico Energy Trade
2024-08-15 - Mexico Energy Forum President Roberto Salinas León shared his thoughts with Oil and Gas Investor on a number of themes related to recent elections in Mexico.