BHP Group to acquire acreage in the deepwater Gulf of Shell Offshore.

BHP Group, an Australian multinational mining, metals and petroleum public company, agreed to acquire acreage in the deepwater Gulf of Shell Offshore from Shell Offshore, a wholesale distribution of petroleum and petroleum products. Financial terms were not disclosed. Shell Offshore currently operate nine deep water production hubs, numerous subsea production systems, and one of the largest contracted drilling rig fleets in the Gulf of Mexico. We are also part owner of one producing project in the Gulf of Mexico operated by another oil and gas company.