ENI buys Blacktip in $40m deal with Woodside

WOODSIDE Petroleum Ltd has sold its 54 per cent Blacktip gas field interests to Italian-based oil giant ENI in a $40 million deal. The arrangement with Eni Australia BV includes interests in two other fields.It follows a major setback for the marketing of gas from Blacktip when an agreement to supply the Alcan alumina smelter in Arnhem Land fell over due to a pricing disagreement.

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