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BIL 201212120001A
Sale of interest in Browse Joint Ventures
BHP BILLITON
NEWS RELEASE
Release Time IMMEDIATE
Date 12 December 2012
Number 28/12
BHP BILLITON TO SELL INTEREST IN EAST AND WEST BROWSE JOINT VENTURES
BHP Billiton 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 US$1.63 billion. The transaction is subject to regulatory approval and
other customary conditions. Completion is expected in the first half of calendar year 2013.
BHP Billiton Chief Executive Petroleum, J Michael Yeager, said: “This is an excellent
opportunity for both companies. PetroChina has acquired an interest in a world class gas
resource and BHP Billiton has exited a non-strategic asset.”
The Browse Joint Venture participants hold a right to offer to match the transaction with
respect to BHP Billiton’s interests in the East and West Browse Joint Ventures and have a
customary period to consider whether to make an offer to match.
Further information on BHP Billiton can be found at: www.bhpbilliton.com.
About PetroChina:
PetroChina Company Limited is China’s largest oil and gas producer and distributor, playing
a leading role in the oil and gas industry in that country. It is also one of the largest oil
companies in the world. It is listed on the New York Stock Exchange, the Stock Exchange of
Hong Kong Limited and on the Shanghai Stock Exchange.
Sponsor: Absa Capital (the investment banking division of Absa Bank Limited, affiliated with
Barclays)
Media Relations Investor Relations
Australia Australia
Antonios Papaspiropoulos James Agar
Tel: +61 3 9609 3830 Mobile: +61 477 325 803 Tel: +61 3 9609 2222 Mobile: +61 467 807 064
email: Antonios.Papaspiropoulos@bhpbilliton.com email: James.Agar@bhpbilliton.com
Fiona Hadley Andrew Gunn
Tel: +61 3 9609 2211 Mobile: +61 427 777 908 Tel: +61 3 9609 3575 Mobile: +61 439 558 454
email: Fiona.Hadley@bhpbilliton.com email: Andrew.Gunn@bhpbilliton.com
Eleanor Nichols United Kingdom and South Africa
Tel: +61 3 9609 2360 Mobile: +61 407 064 748
email: Eleanor.Nichols@bhpbilliton.com Tara Dines
Tel : +44 20 7802 7113 Mobile : +44 7825 342 232
United Kingdom Email : Tara.Dines@bhpbilliton.com
Ruban Yogarajah Americas
Tel: +44 20 7802 4033 Mobile: +44 7827 082 022
email: Ruban.Yogarajah@bhpbilliton.com Brendan Harris
Tel: +44 20 7802 4131 Mobile: +44 7990 527 726
Americas email: Brendan.Harris@bhpbilliton.com
Jaryl Strong Matt Chism
Tel: +1 713 499 5548 Mobile: +1 281 222 6627 Tel: +1 71 359 96158 Mobile: +1 281 782 2238
email: Jaryl.Strong@bhpbilliton.com email: Matt.E.Chism@bhpbilliton.com
BHP Billiton Limited ABN 49 004 028 077 BHP Billiton Plc Registration number 3196209
Registered in Australia Registered in England and Wales
Registered Office: 180 Lonsdale Street Registered Office: Neathouse Place
Melbourne Victoria 3000 Australia London SW1V 1BH United Kingdom
Tel +61 1300 55 4757 Fax +61 3 9609 3015 Tel +44 20 7802 4000 Fax +44 20 7802 4111
Members of the BHP Billiton Group which is headquartered in Australia
Date: 12/12/2012 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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