VOL. XLIV

No. 03

15-January-2001

ALGERIA

BHP Sells Stakes In Three Projects To Woodside

BHP said on 21 December it will sell stakes in three Algerian energy projects to Woodside, another Australian oil firm, for $22.5mn. Woodside will take a 15% interest in the Ohanet Risk Service Contract (RSC), a 50% interest in the Boukhechba Production Sharing Contract and a 50% interest in the Ouest Hassi RMel Gas Study Agreement, BHP said in a statement, adding that the transaction is subject to Algerian...