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EXPLORATION

Offshore drilling surge creates turnaround for Australian exploration

Petroleum exploration expenditure hits $337 million in March quarter

Colin Sandell-Hay
Australian offshore petroleum drilling has increased.

Australian offshore petroleum drilling has increased.

After a number of years in the doldrums, Australia's petroleum exploration sector achieved a welcome turnaround in the March quarter, with expenditure hitting $337 million. Up from $254 million in 2023,...

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