Chevron, Apache, PTTEP Awarded Australia Exploration Permits
08 7월 2011 - 10:03AM
Dow Jones News
Chevron Corp. (CVX), Apache Corp. (APA) and Thailand's PTT
Exploration & Production PCL (PTTEP.TH) are among six companies
that have been awarded new offshore oil and gas exploration permits
by Australia's government.
Resources and Energy Minister Martin Ferguson on Friday
estimated that exploration work on the six permits in waters off
Western Australia and South Australia states will have a combined
value of nearly A$137 million over three years, with further
investment possible depending on exploration success.
Special conditions have been placed on PTTEP, which was
responsible for the Montara oil spill offshore northern Australia
in 2009. These include lodging governance processes with the
regulator prior to drilling, preparing a spill mitigation report,
and being open to a peer review of drilling operations at the
regulator's discretion.
Other companies to win permits include MEO Australia Ltd.
(MEO.AU) and little-known Australian firms Flow Energy Ltd. and
Bight Petroleum Corp.
-By Ross Kelly, Dow Jones Newswires; 61-2-8272-4692;
Ross.Kelly@dowjones.com
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