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EXPLORATION

New permit for Gorgon operator

CHEVRON Corporation has acquired the right to explore for oil and gas in a new permit near its giant Gorgon gas field, offshore Western Australia, securing a single cash-bid block in the 2016 acreage round with a $3 million cash bid.

Haydn Black
WA16-17

WA16-17

The first round of work program bidding was an abject failure, and the cash bid process was similarly faced with a tepid response.   Chevron was only one of two companies that pre-qualified for the...

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