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Royal Dutch Shell Won Two Explorations Offshore Australia

Royal Dutch Shell Plc, the world's second-biggest oil company by market value

Royal Dutch Shell Won Two Explorations Offshore Australia

Royal Dutch Shell Plc, the world's second-biggest oil company by market value, won two exploration permits off the northwestern coast of Australia as it intensifies a search for natural gas supplies for LNG production.

A venture between Shell and Nexus Energy Ltd. won a permit in the Eastern Browse Basin, while a Chevron Corp.-led venture including Shell and Exxon Mobil Corp. won a permit in the Carnarvon Basin, Shell's Australian unit said today in an e- mailed statement.

Shell, a partner in Chevron's proposed $10.4 billion Gorgon liquefied natural gas project, is boosting exploration for gas in Australia with plans to drill about 15 or more wells this year, up from about 10 last year and two in 2005. Shell is the world's biggest non-government-owned producer of LNG.

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