By LNG World News Image courtesy of petroleum-acreage.gov.auUS-based energy giant Chevron, has paid A$3 million (Approx: US$2.3 million) for a cash bid permit to secure the right to explore an area off the Western Australian coast for the next six years.
The award was made as part of the Australian government’s process of releasing offshore areas for future petroleum (oil and gas) exploration.
Minister for resources and Northern Australia senator Matt Canavan said this was the first cash bid permit to be awarded since the process was re-introduced in 2014.
“The new permit is in a gas-rich part of the Northern Carnarvon Basin very close to the
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