Specifically of interest to the Australian player is the subsalt Perdido trend to the north and east of areas already tapped by Anglo-Dutch supermajor Shell in the Perdido fold-belt, extending through the central and eastern part of the Alaminos Canyon area and the south-eastern corner of East Breaks.

“It’s contiguous acreage, it’s high operatorship, it would be a first-mover advantaged position,” Geraldine Slattery, BHP Billiton’s conventional petroleum assets president, told Upstream.

“Our