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Billions more to be spent

Capital expenditure (capex) into Oceania’s conventional gas and coal bed methane (CBM) projects would add up to $48.6 billion and $4.6 billion respectively over the eight-year period. Conventional oil projects will require $3 billion, while the investments into heavy oil projects would total $800 million in upstream capex by 2025. GlobalData expects the 31 upcoming …

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