Sovereign risk is part of any exploration decision, Australia or anywhere. Not surprisingly, Australia is currently not a favoured destination.
It is also a conscious decision to explore offshore or onshore.
Offshore - more expensive but normally more abundant, high quality 3D seismic and surface rights are not a problem.
Onshore - cheaper to drill/develop but pesky locals and protesters especially in the Amazon jungle.
Ann: Rights to massive 4,858km2 highly prospective O&G block Peru, page-12
-
- There are more pages in this discussion • 53 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
