BHP Divests Ownership Interest in Neptune
BHP NeptuneBHP

BHP Divests Ownership Interest in Neptune

BHP has completed a transaction with EnVen Energy Ventures LLC to transfer its 35 per cent ownership interest and operatorship of the Neptune field in the

BHP has completed a transaction with EnVen Energy Ventures LLC to transfer its 35 per cent ownership interest and operatorship of the Neptune field in the deepwater Gulf of Mexico in May 2021. Neptune is structured as a joint venture and is operated by BHP (35 per cent) with co-owners EnVen Energy Ventures, LLC (30 per cent), W&T Energy VI, LLC (20 per cent) and 31 Offshore, LLC (15 per cent).

BHP will continue to operate Neptune under contract as part of the transition agreement until transfer of both operatorship and ownership are approved by the regulator.

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