BHP MULLING SALE OF WOODSIDE 40% INTEREST

BHP Petroleum Pty. Ltd. is considering plans to sell its 40% interest in Woodside Petroleum Ltd., operator of the giant Northwest Shelf gas development project off western Australia. At current prices, a sale would raise about $800 million (Australian). Meantime, a group led by Woodside plans to test an oil discovery near its 1989 Wanaea oil strike as well as conduct further appraisal of the Wanaea find in the Northwest Shelf area.

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