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EXPLORATION

Offshore drilling's $60 floor

AS BP prepares yet another crack at getting the regulator's approval to drill Australia's Southern Margin and potentially open a major new petroleum province, consultancy Richmond Energy Partners says at least $US60/barrel is needed to sustain offshore exploration.

Anthony Barich
Offshore drilling's $60 floor

Richmond's recently published State of Exploration report was largely presaged by IHS this week - that new oil discoveries continue to be elusive despite the world being "awash with the stuff" - the consultancy...

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