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Cnooc, Shell awarded new offshore oil, gas permits

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Stephen Bell: From: Dow Jones: June 17, 2013

CHINA National Offshore Oil Corp, known as Cnooc, and Royal Dutch Shell are among companies that have committed to spend at least $180 million over the next three years searching for new oil and gas deposits in Australia.

Resources and Energy Minister Gary Gray said 13 permits, mostly off the coast of Western Australia, were awarded in the first round of a new release of exploration blocks.

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