EnVen Energy Ventures completed the acquisition of a 35% stake in Neptune from BHP.

EnVen Energy Ventures, a private equity firm, completed the acquisition of a 35% stake in Neptune field, a deepwater field, from BHP, an oil exploration firm. FInancial terms were not disclosed. As a reputable operator with deepwater experience in the Gulf of Mexico, EnVen is ideally-placed to take operatorship of Neptune and we’re committed to a safe and smooth transition of operations. We’re proud of the safety performance, high uptime and operational excellence we’ve achieved over the last ten years as operator of Neptune. This divestment enables BHP to further reshape our portfolio in line with our long-term strategy. The Gulf of Mexico remains a heartland for BHP and we continue to look for opportunities to grow and further develop our business in the region," Geraldine Slattery, BHP President.