South Africa: BHP unit acquires full interest in Block 3B/4B

An affiliate of BHP Billiton Petroleum Great Britain Ltd. has agreed to acquire the 10% carried interest held by Global Energy Holdings LLC, Denver, in Block 3B/4B in the Orange basin offshore western South Africa.

An affiliate of BHP Billiton Petroleum Great Britain Ltd. has agreed to acquire the 10% carried interest held by Global Energy Holdings LLC, Denver, in Block 3B/4B in the Orange basin offshore western South Africa.

The BHP affiliate already held the remaining 90% interest in the block. Terms were not disclosed. Appropriate governmental approvals are in process, Global Energy Holdings said.

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