Apache Corp to get stake in Australia block

U.S.-based Apache Corp is set to get 40 percent of Australian exploration block WA 388P as the current partners hand over part of their stakes to reduce drilling costs, three Indian industry sources said on Tuesday.
India's Bharat Petroleum , Hindustan Petroleum , Videocon Industries , Gujarat State Petroleum Corp and Australia's Oilex, which operates the block, currently own 14 percent each.
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Source: Reuters