Australian major BHP Billiton has completed the US $1.63 billion sale of its interests in two joint ventures offshore Western Australia. The company has sold its 8.33% stake in the East Browse JV and a 20% interest in the West Browse JV to PetroChina International Investment (Australia) Pty Ltd., as first announced in December last year.
All required approvals have been secured and relevant documents were signed in Beijing, China to finalise the transaction, said Santos. This sale reflects BHP Billiton’s exit from the Browse Joint Ventures, it added.
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