BPCL to buy stake in Oz shale assets

Bharat Petroleum will acquire half of Norwest interest in two blocks.

Written by Agencies | Mumbai | Published:August 20, 2010 3:27 pm

Bharat Petroleum said on Friday it agreed to buy stakes in Australian shale gas assets from Norwest Energy.

Bharat Petroleum will acquire half of Norwest interest in two blocks that hold shale gas potential and provide $13.5 million in exploration and drilling funding,the company said in a statement.

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