Welt Online, Germany
BHP Billiton Petroleum Acquires Exploration Rights Onshore Colombia
Sept 29 -- BHP Billiton Petroleum announced today that it has acquired exploration rights to an onshore block of approximately 7,750,000 acres in the Llanos Basin, Colombia.
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The Company signed a Technical Evaluation Agreement with the Agencia Nacional de Hidrocarburos (ANH) to explore block CPE-5.
We are extremely pleased with this result,” said Steve O’Rourke, President Exploration, BHP Billiton Petroleum. "The Colombian government ran a very successful bid round and the Agencia Nacional de Hidrocarburos recognized that this type of frontier exploration requires access to large acreage tracts. We look forward to extending the known limits of the highly prolific Llanos basin over the next three years.”
Read the full article here. http://newsticker.welt.de/index.php?channel=fin&module=smarthouse&id=786220
