MARKET TALK: BHP Interested In Gulf Of Mexico Assets At Right Price - MS

8th Jul 2010 00:30

2330 GMT [Dow Jones] BHP Billiton (BHP.AU) Chief Executive Marius Kloppers has told analysts that if the right assets came up at the right price, the company would increase its exposure to the Gulf of Mexico, according to Morgan Stanley. "That said, he noted during the global financial crisis that companies with stressed balance sheets managed to hold their tier one assets and he expects this will remain the case with BHP Billiton's partner in the Gulf," Morgan Stanley said, referring to BP (BP.LN). Also says that BHP expects BP's Gulf of Mexico oil spill will result in increased regulatory oversight and extended drilling and production schedules. ([email protected]) Contact us in Singapore. 65 64154 140; [email protected] (END) Dow Jones Newswires July 08, 2010 19:30 ET (23:30 GMT)