Upstream operators in Australia are stepping up spending on exploration and drilling following a prolonged lull in activity as the market responds to an anticipated upswing in international gas demand early in the next decade.
Australia is set to be one of several hotspots for gas exploration in 2019-2020 alongside the United States, Norway, the UK, Brazil, India and Mexico. This will represent a marked change from previous years, when exploration spending in Australia all but dried up as a...
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