November 7, 2018 / 10:46 PM / 8 days ago

BHP secures exploration license for two oil blocks off eastern Canada

Nov 8 (Reuters) - The world’s biggest miner BHP said on Thursday it secured a full participating interest in and operatorship of two exploration licences for oil assets in offshore Eastern Canada.

BHP said in a statement the bid price of $625 million covers the drilling and seismic work required by the project over a six year term. It added that its initial planned capital expenditure on the exploration work programs for the oil blocks is $140 million up to fiscal 2021. (Reporting by Rushil Dutta in Bengaluru)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below