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IS - BHP commits to $500MM Ruby project off Trinidad & Tobago - August 2019



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BHP approved $283 million in funding to develop the Ruby project 50 km offshore Trinidad and Tobago in Block 3(a). Including pre-commitment capital, the gross investment for the project is $500 million. BHP will drill five production wells tied back to its existing Angostura platform. The company estimates the Ruby project has recoverable 2C resources of 13.2 MMbo and 274 Bcf. Production is expected to come on stream in 2021 and will peak at......
 
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