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BHP 5 years oil production material double

Date:Jul 20,2011

[shihua finance news] Australia BHP group says, in 5 years the company oil production is expected to double to 1 million barrels per day.

 

China petrochemical news on July 18, news, Australian mining giant BHP Billiton group (BHP) July 15, said the proposed buying American shale gas group Petrohawk energy company's help, BHP group expects its oil and oil equivalent production in the next five years will be doubled to 1 million barrels per day.

 

BHP group at present average about 500000 barrels of oil and nissan oil equivalent.

 

BHP group has said, this company has agreed to put $12.1 billion of cash to take over the famous American shale gas production company Petrohawk energy company.

TypeInfo: Industry dynamics

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