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Page added on April 23, 2010

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Peak Oil Era: Why the Cost and Risk of Oil Exploration Will Keep Rising

Production

The days of easy-to-access oil are gone. Now, companies like BP are faced with oil and gas exploration projects that require operating in politically unstable regions or working in technologically complex areas like the deep waters of the Gulf or offshore Brazil. Protectionist measures from countries like Russia have forced companies to look at friendlier, albeit more difficult and costly, areas including the Canadian oil sands.

bnet.com



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