Article posted in todays AGE.
BHP Billiton has sold its stakes in two Browse gas project joint ventures for $US1.63 billion ($A1.56 billion) in cash.
BHP will sell its its 8.33 per cent interest in the East Browse joint venture and 20 per cent interest in the West Browse joint venture, both located off the West Australian coast, to PetroChina International Investment, it said this morning.
BHP's petroleum chief executive Michael Yeager said the Browse project interests were a non-strategic asset for the mining giant.
The sale remains subject to regulatory approval, but is expected to be completed in the first half of calendar 2013.
Read more: http://www.theage.com.au/business/bhp-sells-browse-project-stake-for-16b-20121212-2b8k8.html#ixzz2En4mbRcH
fantastic kar !!!, page-6
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