AUSSIE OFFSHORE EXPLORATORY DRILLING TO DOUBLE

01/31/1994
Australia's offshore exploratory drilling activity is expected to double in 1994 from 1993 levels. The Australian Petroleum Exploration Association's (APEA) annual survey of Australian exploration companies showed as many as 100 offshore exploratory and appraisal wells could be drilled the next 12 months. A minimum projection of 67 wells would still be substantially more than the 44 exploratory and appraisal wells drilled in 1993. Australia's onshore exploratory drilling scene will remain in the doldrums this year, according to APEA. Plans call for 84 115 exploratory wells to be drilled onsho...
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