New Energy research report from GlobalData is now available from Fast Market Research

Boston, MA -- (SBWire) -- 03/20/2013 --PetroChina International Investment (Australia) Pty Ltd., a wholly owned subsidiary of PetroChina Company Limited (PetroChina), agreed to acquire an 8.33% interest in East Browse project and a 20% interest in the West Browse project located in Browse basin, offshore Western Australia, from BHP Billiton Limited (BHP), a mineral exploration company, for a purchase consideration of US$1.63 billion in cash. The transaction is expected to be completed in the first half of 2013 and is subject to regulatory approval and other customary conditions.

Scope

- Rationale behind PetroChina acquiring an 8.33% interest in East Browse Project and a 20% interest in West Browse Project in Australia from BHP Billiton.
- To understand the rational behind BHP's plans to divest its non-strategic stake in Browse LNG Project due to a cost overrun.
- Geography Covered- Australia.

View Full Report Details and Table of Contents

Reasons to Get This Report

- Develop a sound understanding about Browse LNG Project as part of a major LNG producing province of Australia.
- To know more about location of Browse Project causing environmental concern and lack of consensus from major partners.
- To have an understanding of the deal to help PetroChina realize its overseas investment target and expand its presence in Australia.

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