EXPLORATION

FOGL going it alone as BHP pulls out

AFTER a disappointing start to exploration off the Falkland Islands, BHP Billiton Petroleum has decided not to proceed with the second phase of the southern 2002 licences.

Marija Stojkovic

In a statement, Falkland Oil and Gas said BHP had advised the company and the Falkland Islands government it would not enter the second phase of the southern licences, which involves drilling an exploration...

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