OPERATIONS

GoM delays continue to haunt BHP

PERMITTING delays in the Gulf of Mexico continue to affect BHP Billiton Petroleum, with the company expecting 2012 financial year production, excluding the Fayetteville Shale acquisition, to be lower than the previous year.

Marija Stojkovic

In its March quarterly report, BHP said that while it was the first operator to resume production drilling in the deepwater GoM, permitting delays have continued to impact its petroleum operations, further...

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