(Bloomberg) -- BHP Billiton Ltd., Australia's largest
oil and gas producer, may raise its annual output by as much as
22 percent after approving the $1.7 billion Pyrenees crude
project off the northwestern coast.
The field, in which it owns a 71 percent stake, will deliver
as much as 96,000 barrels of oil a day when it starts in 2010,
the Melbourne-based company said in a statement yesterday. The
production gain was derived by Bloomberg based on the company's
output of 116 million barrels in the year ended June 2006.
Read more at Bloomberg Energy News
oil and gas producer, may raise its annual output by as much as
22 percent after approving the $1.7 billion Pyrenees crude
project off the northwestern coast.
The field, in which it owns a 71 percent stake, will deliver
as much as 96,000 barrels of oil a day when it starts in 2010,
the Melbourne-based company said in a statement yesterday. The
production gain was derived by Bloomberg based on the company's
output of 116 million barrels in the year ended June 2006.
Read more at Bloomberg Energy News
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