Article: Cooperation to unplug Timor Sea gas.

M2 PRESSWIRE-30 November 2000-Australian Government: Cooperation to unplug Timor Sea gas (C)1994-2000 M2 COMMUNICATIONS LTD

RDATE:30112000

Senator Nick Minchin, Minister for Industry Science and Resources, welcomed the announcement today by Woodside and Phillips Petroleum of their in-principal agreement to pursue cooperative development of their Timor Sea gas resources.

"The agreement is a major step forward to unlock the significant gas resources of the Timor Sea," Senator Minchin said.

"The Commonwealth wishes to see the development that offers the best opportunity for the development of Timor Sea gas resources for the long term ...

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