BHP keen to act off Canada

From Upstream
Upstream the International Oil & Gas Newspaper, March 21, 2019, All articles provided by Upstream are protected by copyright. Any unauthorized reproduction is strictly prohibited.

BHP’s aggressive move to pick up a pair of blocks off Canada’s Newfoundland & Labrador late last year marked its entry into a new region, but the move was consistent with the company’s approach in looking for big hydrocarbon potential with an appealing operating environment and fiscal conditions, said Geraldine Slattery, president of petroleum operations.

“The geology in Canada is analogous to the North Sea,” Slattery said, citing past production of 4 billion barrels in the Jeanne D’Arc basin to the south. “So we had confidence in the geology, or at least in its potential.”

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