Oil-soaked countries beckon local explorers

WITH so few opportunities in Australia to become an oil producer, an increasing number of locals are heading overseas to find undervalued fields in the backyards of faded oil powers.

Oil-soaked countries beckon local explorers Oil-soaked countries beckon local explorers Oil-soaked countries beckon local explorers Oil-soaked countries beckon local explorers Oil-soaked countries beckon local explorers

The shift makes sense in a country that offers such lean pickings. Australia is oil poor, at least in terms of discovered resources, and last year's output was the lowest since 1970.

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