Report summaryIn August 2012, Trion became the first discovery on the Mexican side of the Perdido area in the deepwater Gulf of Mexico (GoM). The field has been appraised and was offered as the first JV opportunity with Pemex as part of Round One. BHP Billiton offered a 4% additional royalty and a US$624 million tiebreaker lump sum payment to acquire a 60% stake.We have assumed a standalone development for Trion through a leased 105,000 b/d FPSO. However, there could be potential to develop the field ...
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