Chevron Unit Scores Permits For $476M Australian Projects

Law360, New York (October 24, 2013, 4:34 PM EDT) -- Australian officials have awarded two new permits to a unit of Chevron Corp. that will allow it to move forward with off-shore exploration projects predicted to cost about AU$496 million (US$476 million), according to Wednesday regulatory filings.

Chevron Australia New Ventures Pty Ltd. scored two of the five new permits granted by Australian officials and both give it new footholds in the Bight Basin, it announced Wednesday. While Chevron did not disclose the amount it plans to invest into the blocks, documents with Australia's Offshore Petroleum...
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