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Market:	LSE ASX JSE NYSE
Sector:	General Mining
EPIC:	BLT
Latest Price:	2,139.50 (-1.86% )
52-week High:	2,631.50
52-week Low:	1,667.00
Market Cap:	45,187.80M

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BHP Billiton

BHP Billiton (ASX: BHP) is a global leader in the resources industry, with a diversified portfolio of natural resources. The company's operations include: iron ore, coking and thermal coal, copper, zinc, oil & gas and diamonds.

BHP Billiton finds oil & gas at Puma-4 Well in Gulf of Mexico with BP Plc

Thursday, April 23, 2009

According to Bloomberg, Europe’s second-largest oil company, BP Plc (NYSE:BP) and BHP Billiton (ASX:BHP) have found crude and natural gas at the Puma-4 well in the U.S. Gulf of Mexico, according to partner BHP Billiton Ltd.

The Puma project is “in the active appraisal stage that includes drilling of wells, seismic and other studies, with Puma-4 being the fourth well,” Daren Beaudo, a Houston-based BP spokesman.

The deep-water Gulf of Mexico is BP’s largest area of production growth in the U.S., the London-based company said in its annual report published in March. BP operates the Puma project in the Green Canyon area, BHP said today in a statement.

The first and second appraisal wells “did not encounter any commercial reserves,” BHP said.

BHP, Australia’s biggest oil and gas producer, holds 29.8 percent of the project while BP owns 46.2 percent. Chevron Corp. owns 21.8 percent and StatoilHydro ASA has 2.3 percent.

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