BOC Global Helium, Inc and Central Petroleum Limited have signed a Memorandum of Understanding to exchange information and to work towards the joint exploitation of helium targeted by Central’s exploration and appraisal programme.
It was planned in central Australia where previous exploration has resulted in confirmation of a sub-salt hydrocarbon and helium play type thought to be directly analogous to some of the petroleum fields of the Siberian Platform and the Sichuan Basin.
The BOC Group had a 2004 gross turnover and profit of some $8 billion and $1 billion respectively and has recently announced plans to construct a helium extraction plant in Darwin aimed at the domestic and export markets.
The most recent available figures for helium sales in the USA alone for 2003 stand at about 4.5 bcf which sold for prices ranging from $52.50 to $65.00 USD/mcf.
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