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Shell Shows Interest in BHP Assets

  • Oil major has acreage in Permian that overlaps BHP’s acreage
  • Miner plans to evaluate bids for U.S. assets in Sept. quarter
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BHP CEO Sees Lots of Interest in $10 Billion Shale Unit

Royal Dutch Shell Plc said it’s potentially interested in BHP Billiton Ltd.’s oil assets on sale in the Permian basin in the U.S. as it seeks to boost its role in shale.

The Anglo-Dutch company entered the prolific oil region in 2012 and plans to expand its position and generate positive cash flow next year, Andy Brown, Shell’s upstream director, said in an interview on Tuesday. The Permian offers production costs as low as $15 a barrel and is the driving force behind the current surge in U.S. output.