BHP Billiton, Pemex advance work on deep-water oil discovery in Mexico

BHP Billiton has advanced its exploration and production interests in the Gulf of Mexico by signing a contract with Pemex Exploration & Production Mexico to complete work on the significant Trion discovery. BHP in December successfully bid to acquire 60% of the resource that, once fully appraised, is expected to be in the top ten fields discovered in the Gulf of Mexico in the last decade.