BHP secures exploration license for two oil blocks off eastern Canada

  • Thursday, November 08, 2018
  • Source:ferro-alloys.com

  • Keywords:BHP,exploration license,oil
[Fellow]BHP secures exploration license for two oil blocks off eastern Canada

[ferro-alloys.com]The world's biggest miner BHP said on Thursday it secured a full participating interest in and operatorship of two exploration licences for oil assets in offshore Eastern Canada.

BHP said in a statement the bid price of $625 million covers the drilling and seismic work required by the project over a six year term.

It added that its initial planned capital expenditure on the exploration work programs for the oil blocks is $140 million up to fiscal 2021

(Mining.com)

  • [Editor:王可]

Tell Us What You Think

please login!   login   register
Please be logged in to comment!