BHP Completes Sale of Australia Gas Project Stake

BHP Billiton has completed its exit from the $45 billion Browse gas project in Western Australia.

The company has concluded the sale of its 8.33 per cent interest in the East Browse Joint Venture and 20 per cent interest in the West Browse Joint Venture, located offshore Western Australia, to PetroChina $1.63 billion.

All required approvals have been secured and relevant documents were signed today in Beijing to finalise the transaction, the company said in a statement.