BHP Billiton and Its Shenzi Co-Venturers Complete Purchase of Genghis Khan Oil and Gas Development in Gulf of Mexico.HOUSTON -- BHP Billiton (NYSE NYSE See: New York Stock Exchange :BHP) (NYSE:BBL "Be back later." See digispeak. (chat) BBL - (I will) be back later. ), with its Shenzi field co-venturers Hess Corporation and Repsol YPF, completed the purchase of the Genghis Khan oil and gas development from Anadarko Petroleum Corporation Anadarko Petroleum Corporation (NYSE: APC) is one of the world’s largest independent oil and gas exploration and production companies, with 2.37 billion barrels of oil equivalent (BOE) of proved reserves and a production of 190 million BOE in 2004. Ranked No. today. The transaction, which was announced in November 2006, closed following completion of all remaining conditions to sale, with the net share to BHP Billiton at US$583 million after final purchase price adjustments. BHP Billiton holds a 44 percent interest and is the operator of the Genghis Khan development. Hess Corporation and Repsol YPF each hold a 28 percent interest. The Genghis Khan field is adjacent to the Shenzi field, which is also operated by BHP Billiton and owned by the co-venture. As one of the largest leaseholders in the Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east , BHP Billiton holds interests in more than 400 blocks. For a listing of current job opportunities available with the company, please visit http://www.bhpbilliton.com/bb/peopleEmployment/ careerOpportunities.jsp. (Due to its length, this URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.) Further information on BHP Billiton can be found on our Internet site: www.bhpbilliton.com. |
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