Chief executive of Investment Agency Locate in Kent, Paul Wookey, said he was optimistic about new jobs.

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Land agents for the utility firm have been exploring a site in Wookey, and have also looked at Cheddar, where the company has an existing reservoir.

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Wookey is expected to stay at Oracle for an unspecified transition period as Thomas Kurian, who manages the Fusion middleware business, takes over all Fusion applications development.

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