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Offshore oil deal signed

Woodside Petroleum Ltd and Cambodian Resources Company NL on Feb 20 signed a $3

million deal for offshore oil and gas exploration in Cambodia, officials said.

The two Australian companies will explore two Cambodian concession areas in the Gulf

of Thailand that total about 10,000 square kilometers, said Ian Archibald, chairman

of Cambodian Resources Company.

The exploration program will begin in June and continue through 1999, Archibald said.

- Reuters

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