AUSSIES UNVEIL 1992 ACREAGE OFFERING

Australia is seeking applications for exploration rights on nine areas off its western, northern, and southern coasts. Meantime, the Australian Petroleum Exploration Association (APEA) predicts Offshore Western Australia will be the focus for more than half the wildcats drilled in Australia this year. APEA also predicts Australia's oil self-sufficiency will fall to about 71% by the mid-1990s from the current 88%.

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