BHP lured back to Philippines

OTTO Energy has re-entered a seismic and farm-in agreement option with BHP Billiton Petroleum for SC55 in the offshore Palawan Basin, Philippines.

BHP lured back to Philippines BHP lured back to Philippines BHP lured back to Philippines BHP lured back to Philippines BHP lured back to Philippines

Last May, Otto and BHP allowed the heads of agreement for the farm-out of a 60% stake in SC55 lapse after the two companies failed to finalise all necessary conditions and approvals.

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