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Chevron no-go decision for offshore project was a commercial decision
Chevron Corporation's (ticker: CVX) Australia subsidiary Chevron Australia has announced the decision to discontinue the Great Australian Bight exploration program.

Source: Chevron

Chevron Australia’s affiliates acquired two deepwater exploration blocks in the Great Australian Bight Basin in October 2013. The acreage spans more than 32,000 square kms. Chevron Australia’s affiliate is operator with 100 percent interest.

The announcement will see Chevron relinquish mo...

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