BHP Says $2.5 Bln Gulf Oil Project on Schedule After Hurricanes

BHP Billiton, Australia’s biggest oil and gas producer, said construction disruptions caused by hurricanes won’t delay the scheduled start up next year of the $2.5 billion Atlantis oil project in the Gulf of Mexico.

The BP Plc-operated project, which will have a daily capacity of 200,000 barrels of oil and 180 million cubic feet of gas, is scheduled to start in the third quarter, Melbourne-based BHP Billiton said today in its quarterly exploration and development report, lodged with the Australian Stock Exchange.

 

Bloomberg