7th Jun 2013 08:23
NEWS RELEASE | |
Release Time | IMMEDIATE |
Date | 07 June 2013 |
Number | 13/13 |
BHP BILLITON COMPLETES THE SALE OF INTEREST IN EAST AND WEST BROWSE JOINT VENTURES
BHP Billiton has completed the sale of its 8.33 per cent interest in the East Browse Joint Venture and 20 per cent interest in the West Browse Joint Venture, located offshore Western Australia, to PetroChina International Investment (Australia) Pty Ltd for US$1.63 billion plus customary purchase price adjustments as announced on 12 December 2012.
All required approvals have been secured and relevant documents were signed today in Beijing to finalise the transaction. This sale reflects BHP Billiton's exit from the Browse Joint Ventures.
Further information on BHP Billiton can be found at: www.bhpbilliton.com.
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BHP Billiton Limited ABN 49 004 028 077 Registered in Australia Registered Office: 180 Lonsdale Street Melbourne Victoria 3000 Australia Tel +61 1300 55 4757 Fax +61 3 9609 3015 |
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