Woodside buys BHP gas assets

September 4, 2016

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Australian oil and gas major Woodside would acquire half of mining giant BHP Billiton’s Scarborough gas assets, offshore Western Australia.

The two companies on Monday announced the signing of a sale and purchase agreement under which Woodside would pay BHP $250-milion, as well as a contingent payment of $150-million upon a positive final investment decision to develop the Scarborough field.

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