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Chevron China Energy Buys New Offshore China Acreage from CNOOC

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Chevron Corporation (NYSE: CVXext) announced today that its China subsidiary has entered into production sharing contracts (PSC) with China National Offshore Oil Corporation (NYSE: CEOext) for two exploration blocks in the South China Sea's Pearl River Mouth Basin.

Under the PSC agreements, Chevron China Ener Reported by Benzinga.com 1 day ago.

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