NetEase Finance February 22 hearing ore giant BHP Billiton announced today that the price will be $ 4,750,000,000 to buy a piece of shale gas fields in the United States, it is this one of the world's three major ore giant shale gas companies first foray into the U.S. areas.
According to foreign reports, BHP Billiton acquired the project is located in the U.S. Chesapeake City, one of Arkansas Fayetteville Shale Island gas field, the acquisition also includes gas pipeline system. The field area of 197,000 hectares, is the world's second largest shale gas field.
current gas production of the field at 400 million cubic feet (1100 million cubic meters), is expected to produce 40 years.
BHP Billiton Energy Project Manager Michael Yeager, said the project through the purchase of BHP Billiton will officially enter the U.S. shale gas fields, and will soon become the leading North American shale gas producers.
Chesapeake earlier this month said it would sell some assets to reduce debt levels, return on assets into the higher regions. Expressed the hope that through the sale of Chesapeake to obtain pre-tax income of $ 5,000,000,000. Earlier this month, Chesapeake Energy announced plans to sell about 487,000 hectares of the Fayetteville shale rights in order to achieve the scale of the debt within two years reduced by 25% of the plan.
Chesapeake and China's CNOOC had also signed a two shale gas joint development agreement.
(This article Source: NetEase Finance)
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