BHP GROUP WINS DAI HUNG PROJECT OFF VIET NAM

A group led by BHP Petroleum Pty. Ltd., Melbourne, plans a $1.5 billion project to develop a giant field off Viet Nam that could catapult that country into the ranks of significant oil exporters. BHP and Petronas Carigali, upstream operating arm of Malaysia's state petroleum company Petroliam Nasional Shd. Bhd., last month signed a heads of agreement with Petrovietnam, Viet Nam's state oil company; and Vietsovpetro, a Russo-Viet joint venture; to develop Dai Hung (Big Bear) oil field