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Thu, 13 Dec 2012	Official Announcement [J]
BHPBill approves Longford Gas project BHPBill announced approval for a USD520 million (BHPBill share) investment in the Longford Gas Conditioning Plant (LGCP) Project as part of the Gippsland Basin Joint Venture located in Victoria, Australia. The LGCP will add carbon dioxide (CO2) removal capacity to the Longford Gas Plant which is necessary to condition production from the Turrum offshore development project. The LGCP will be designed to process approximately 400 million standard cubic feet of gas per day and will reduce the CO2 content of treated gas to less than three per cent. Saleable gas production will commence in calendar year 2016. BHPBill and Esso Australia Resources Pty Ltd (operator) each have a 50 per cent interest in the Gippsland Basin Joint Venture.
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Wed, 12 Dec 2012	Official Announcement [C]
BHPBill announce sale of joint venture BHPBill 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 USD1.63 billion. The transaction is subject to regulatory approval and other customary conditions. Completion is expected in the first half of calendar year 2013. The Browse Joint Venture participants hold a right to offer to match the transaction with respect to BHPBill's interests in the East and West Browse Joint Ventures and have a customary period to consider whether to make an offer to match.
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