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BHP to pay out Otto

BHP Billiton will pay $US27.5 million to Otto Energy after withdrawing from the Service Contract 55 joint venture in offshore Philippines.

Bianca Bartucciotto
BHP to pay out Otto

The company made the decision last month to terminate the farm-out agreement with Otto Energy. Otto has executed a letter of intent with BHP to terminate the agreement which outlined BHP's 60% working...

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