News of a deepwater Gulf of Mexico discovery is made as the company reports falling profits and growth priorities.
The total oil in place in the Upper Portland pay has increased from 7.7 MMbbl per square mile to 22.9 MMbbl per square mile.
The use of advanced software products is paying dividends for BHP Billiton explorationists.
Industry groups call the rules an ‘unfortunate turn’ and say the regulations include ‘unnecessary requirements.’
As part of the agreement, expected to close in third-quarter 2016, Harel Group and the Israel Infrastructure Fund have the option to purchase an additional 1% stake.