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Asia Pulse: CHEVRON, SHELL ACQUIRE DEEPWATER EXPLORATION PERMIT IN AUSTRALIA

Published: Aug 16, 2006

PERTH, Aug 16 Asia Pulse – Chevron Corporation and Shell have picked up a deepwater exploration permit in the same basin that hosts the North West Shelf project and says it has the potential to host a gas find.

Chevron Australia Pty Ltd will be operator and will hold a 50 per cent stake with Shell Development Australia Pty Ltd holding the balance.

The permit is located in the deepwater frontier of Western Australia’s Carnarvon basin, in the Exmouth Plateau region, which also hosts the Greater Gorgon project.

Chevron was awarded four large blocks in the Exmouth Plateau last year and the company said WA was key to building its gas businesses.

(AAP)

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