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Chevron withdraws Bight drill plan

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October 13, 2017

Chevron says it has cancelled plans to drill in the Great Australian Bight.

Oil giant Chevron has withdrawn its plan to drill in the Great Australian Bight.

The company acquired two deepwater exploration permits located in the bight in 2013, but withdrew from the project on Friday citing low oil prices, the Adelaide Advertiser reports.

The move comes after BP withdrew its plan to drill exploration wells in the Great Australian Bight last year.

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