Production up, exploration down: OCE

THERE was more mixed news for the Australian oil patch on Friday, with the Office of the Chief Economist forecasting earnings from resources and energy exports to increase but exploration is its lowest point since March 2006.

Production up, exploration down: OCE Production up, exploration down: OCE Production up, exploration down: OCE Production up, exploration down: OCE Production up, exploration down: OCE

The latest Resources and Energy Quarterly report from the Department of Industry, Innovation and Science found Australia's petroleum exploration expenditure declined to $283 million in the June

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