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Chevron Discovers Oil Off Australia: Chevron Corp....

From Times Staff and Wire Service Reports

Chevron Discovers Oil Off Australia: Chevron Corp. and its partners have discovered oil in four locations off the coast of Australia, the company said at a meeting of securities analysts in New York. The company holds interests in four separate discoveries and a new producing oil field. Separately, Chevron said its operating unit in Papua New Guinea has proposed to file for a development license for its Iagifu/Hedinia and Agogo fields.

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