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EXPLORATION

BP, Chevron, Conoco team up for more Gulf discoveries

BP has formed a new ownership and operating model with Chevron and ConocoPhillips to focus on moving two significant BP Paleogene discoveries closer to development and provide expanded exploration access in the emerging geologic trend in the deepwater Gulf of Mexico.

Anthony Barich

BP, which has invested nearly $US50 billion in the US over the past five years - more than any other energy company - will sell to Chevron about half of its current equity interests in the Gila and Tiber...

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