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OIL & GAS

Rig exodus puts Australia's oil and gas exploration at risk

Rig shortage threatens future supply as exploration activity plummets

Rueben Hale
Transocean Equinox drilling rig.

Transocean Equinox drilling rig. | Credits: 3D Energi.

Australia's oil and gas exploration sector is facing a severe downturn, with an imminent exodus of exploration rigs threatening the future of greenfield projects.  Industry data reveals that by the...

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