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Asia Pulse: INTENSE BIDDING INTEREST FOR EXPLORATION PERMITS IN W. AUSTRALIA

Feb 24, 2006
PERTH, Feb 24 Asia Pulse – Woodside Petroleum Ltd's (ASX:WPL) Browse discovery in the north of Western Australia has sparked lively bidding in the first round of offshore permitting for 2006.
Federal resources minister Ian Macfarlane has released eight new offshore petroleum exploration permits in WA which he said would create $A413 million ($US304.63 million) in new investment in the state.
“There was intense bidding interest in the Browse Basin near major gas discoveries,” he said.
Shell picked up a permit in the Browse Basin and Carnarvon Basin, while Woodside Energy, Total E&P Australia and Japan Australia LNG, Chevron Australia, Holloman Corporation and Goldsborough Energy were also granted permits.

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