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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.

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