value of gas/tcf

  1. 2,669 Posts.
    BHP sold out it's share of Browse.

    "BHP Billiton has signed a definitive agreement with PetroChina International Investment (Australia) Pty Ltd to sell 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, for a cash consideration of US$1.63 billion."





    Reserves of gas/condensate are.




    Twenty percent of 9.3 = 1.46 and
    8.33% of 11.4 = .95

    TOTAL 2.41 TCF sold for $1.63 billion (675K/TCF)

    What are Tap's reserves? 20% of Tallaganda = 100K
    10% of Zola (we'll know a lot more once Bianchi-1 is complete) And then there may be some in Palmerston
 
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