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Strategies & Market Trends : Australian Shares and ADRs

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To: Moominoid who wrote (34)	4/9/1998 10:32:00 PM
From: Teddy	of 96

A little news/ rumor on Santos from Offshore Data: AUSTRALIA: BHP Petroleum reportedly may sell its interest in the Bayu-Undan LNG project in the Timor Sea Zone of Cooperation to either Santos Ltd. or Phillips Petroleum, which are both partners in the field. BHP's stake is thought to be valued around $197 million. The Bayu-Undan field is operated by Phillips in ZOCA-91-12 and 91-13. The partners recently named an alliance of Aker Maritime, Fluor Daniel and Worley Engineering to design an FPSO for the development, which is scheduled to come on stream in May 2001.

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