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Exploration – brighter prospects down under
The ongoing low oil price has impacted Australia’s exploration sector. The decline from operating a record number of offshore permits in 2014 has been swift and appears to have longer lasting implications than previous downturns. However, there are also some bright prospects ahead. Tom Bernecker, Geoscience Australia, reports.
Article details
Journal title: Petroleum Review
Publisher: Energy Institute
Subjects: Oil markets, Economics, business and commerce, Energy consumption, Liquefied natural gas, Natural gas, Offshore exploration, Oil production, Onshore exploration, Oil prices, Carbon emissions
