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Ultra-deepwater getting cheaper

WHILE the shale oil boom is tipped to keep rolling on in coming years, ultra-deepwater is also getting cheap, which is good news for BP's Bight campaign if it can get the regulator's approval.

Ultra-deepwater getting cheaper

Though Wood Mackenzie has estimated that the Great Australian Bight contains a potential resource of 1.9 billion barrels of oil equivalent, the firm warned in April that such frontier drilling was not...

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