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Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: emaildelivery@businesswire.com X-To: TX-INDUSTRIAL-INFO-RES@businesswire.com X-cc: X-bcc: X-Folder: \PTHOMAS2 (Non-Privileged)\Thomas, Paul D.\Deleted Items X-Origin: Thomas-P X-FileName: PTHOMAS2 (Non-Privileged).pst Welcome to eMail News Delivery, a service from Business Wire. Here is your Industrial Information Resources Inc. news release. If you have received this in error please send a message to: eMailDelivery@businesswire.com with the following command in the body of the message: unsubscribe TX-INDUSTRIAL-INFO-RES If you have questions about this service, please contact your Business Wire Account Executive or service@businesswire.com BW0140 OCT 23,2001 4:07 PACIFIC 07:07 EASTERN ( BW)(TX-INDUSTRIAL-INFO-RES) BHP Billiton Energy Invests in Algeria, in an Advisory by Industrialinfo.com Business Editors & Energy Writers HOUSTON--(BUSINESS WIRE)--Oct. 23, 2001--Researched by Industrialinfo.com (Industrial Information Resources, Inc., Houston, Texas). BHP Billiton Limited (Melbourne Australia) (NYSE:BHP) has pledged $620 million in energy sector developments in Algeria. The Ohanet gas project will require an investment of $430 million form BHP Billiton. BHP Billiton holds a 45% interest in the project with Australia based Woodside Petroleum holding 15% and Algerian state oil company Sonatrach and other partners the balance. The total investment in the Ohanet gas project will be $1 billion. Reserve estimates are over 3.2 trillion cubic feet of pipeline quality gas, 97 million barrels of condensate, and 115 million barrels of liquid natural gas. First production is expected in 2004. The ROD oilfield will need $190 million from BHP Billiton for the development of oil accumulations in the Berkine Basin region of the Sahara Desert, 800km south of Algiers. With estimated reserves of 300 million barrels of oil equivalent, the ROD field extends to blocks operated by Agip and Sonatrach. First production is expected in the first half of 2003. BHP Billiton is a global leader in the natural resources industry. Formed from a merger between BHP and Billiton, which was finalized earlier this year, BHP Billiton is a world leader in metals, minerals, mining and petroleum development. Industrialinfo.com provides daily news related to the industrial market place including industry alerts and databases for the energy and industrial markets. For more information on trends and upcoming construction activities for the Production (Oil & Gas) as well as other industrial sectors send inquiries to oil&gasproductiongroup@industrialinfo.com or visit us at www.industrialinfo.com. --30--DH/na* CONTACT: Industrialinfo.com Joseph Govreau, 713/783-5147 KEYWORD: TEXAS INTERNATIONAL AFRICA/MIDDLE EAST INDUSTRY KEYWORD: AUTOMOTIVE ENERGY OIL/GAS SOURCE: Industrial Information Resources, Inc. For the best viewing of the news releases please use the following email settings: Courier 10 point. -Notice of Copyright and General Disclaimer- © 2000 Business Wire. All of the releases provided by Business Wire are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire`s members who are solely responsible for their content, accuracy and originality. All reproduction, other than for an individual user`s reference, is prohibited without prior written permission. - Notice of Copyright and General Disclaimer -- © 1999 Business Wire. All of the releases provided by Business Wire are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire`s members who are solely responsible for their content, accuracy and originality. All reproduction, other than for an individual user`s reference, is prohibited without prior written permission.
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