Exploration spend down: ABS

ACCORDING to the Australian Bureau of Statistics, expenditure on petroleum exploration for the December quarter 2010 fell 0.1% to $849.6 million.

Exploration spend down: ABS Exploration spend down: ABS Exploration spend down: ABS Exploration spend down: ABS Exploration spend down: ABS

Expenditure on exploration on production leases fell 2.2% to $267.4 million, while exploration in all other areas rose 0.9% to $582.2 million.

Offshore exploration rose 0.5% to $643.

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