BHP Pumps $2.2Bn into Mad Dog Phase 2

Pic courtesy of W3 Live News
BHP has approved investing $2.2bn into phase 2 of the Mad Dog Project in the Gulf of Mexico.

Key Attributes;

  • $2.2bn investment will be relative to BHP’s 23.9% stake in the project.
  • The other sponsors are BP (60.5%) and a init of Chevron at 15.6%.
  • The project is an extension of the existing Mad Dog field located in the deep water

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