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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Bhp Billiton | LSE:BLT | London | Ordinary Share | GB0000566504 | ORD $0.50 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1,573.00 | 1,571.40 | 1,572.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
LONDON--BHP Billiton PLC (BLT.LN) said Monday it is buying 60% of blocks AE-0092 and AE-0093 containing the Trion discovery located in the deep-water Gulf of Mexico, offshore Mexico, for up to $382.4 million.
The global resources company will pay first $62.4 million in cash and will commit to a minimum work program estimated to be about $320 million, it said.
But if both companies agree to go beyond the minimum work program, BHP Billiton will need to pay the remainder of the $570 million minimum work contribution, which includes the $320 million, plus a $624 million cash contribution, which includes the $62.4 million, the company said.
The gross recoverable resource from the blocks is about 485 million barrels of oil equivalent.
PEMEX Exploration & Production Mexico will keep the 40% interest in the blocks.
Write to Olga Cotaga at olga.cotaga@wsj.com, Twitter @OlgaCotaga
(END) Dow Jones Newswires
December 05, 2016 12:01 ET (17:01 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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