PetroChina (PTR) will buy stakes in two Western Australia exploration assets from ConocoPhillips...

|About: PetroChina Company Limited (PTR)|By:, SA News Editor

PetroChina (PTR) will buy stakes in two Western Australia exploration assets from ConocoPhillips (COP) for an undisclosed amount, and the two companies plan to jointly study shale gas development in China. The deal comes after PTR agreed in December to buy BHP Billiton's holding in Woodside Petroleum’s proposed Browse liquefied natural gas project in Western Australia.