WAPET TO DEVELOP TWO SMALL NW SHELF FINDS

West Australian Petroleum Pty. Ltd. (Wapet) plans to develop two small oil fields on Australia's Northwest Shelf simultaneously for $30 million (Australian). Wapet, a combine of Chevron Asiatic Oil Co., Shell Development Australia Pty. Ltd., and Texaco Oil Development Co. 25.7% each, Ampol Exploration Ltd. 12.9%, and Western Mining Corp. Ltd. 10%, last week declared Cowie and Yammaderry oil fields commercial.

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