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Otto hedges its bets, cuts costs

GULF of Mexico operator Otto Energy has had a busy couple of months, according to its chairman, reducing their operating costs and hedging its current production as it rides the waves of the economic storm.

Otto hedges its bets, cuts costs

The company has paired back operating and corporate costs, from around US$7 million in the 2020 financial year to around $4.5 million in FY 2021, following an extensive review by its board in both the...

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