Oz exploration spend hits decade low

The fall in oil prices has seen oil and gas exploration in Australia hit its lowest level in a decade, according to a new report by energy consultancy company EnergyQuest.

Slowing exploration and development: the number of wells drilled in Australia last year nearly halved
Slowing exploration and development: the number of wells drilled in Australia last year nearly halved
Published 9 March 2016, 05:09Updated 18 October 2016, 05:07