Ruby oil and gas project, Trinidad and Tobago – update
Name of the Project
Ruby oil and gas project.
Location
The project is located in the Block 3(a) development area of Trinidad and Tobago.
Project Owner/s
BHP, as the operator, holds a 68.46% interest in the project, while Heritage Petroleum, and the National Gas Company of Trinidad and Tobago hold the remaining 20.13% and 11.41% interest respectively.
Project Description
The Ruby project has recoverable 2C (contingent resources) resources of 13.2-million barrels of oil (100%) and 274-billion cubic feet of natural gas (100%).
The project comprises five production wells tied back using the latent capacity of the existing processing facilities, the proven technology of the existing operated asset and newly acquired ocean bottom node seismic imaging.
Ruby is expected to increase production by an estimated 16 000 bbl/d of oil and about 80-million standard cubic feet a day of gas gross at its peak.
Potential Job Creation
Not stated.
Capital Expenditure
The project is estimated at $500-million.
Planned Start/End Date
The project was approved in August 2019. First production is expected in 2021.
Latest Developments
The project is on schedule and within budget, with the overall project 39% complete.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
BHP, tel +1 781 575 4555.
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