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But it says that 56% of its exploration and development activities are now based on gas as opposed to oil.
This joint technology application enabled extensive unconventional resource exploration and development activities first in the United States followed by around the globe for unlocking the vast hydrocarbon resources.
In order to reduce these risks, the Japanese government has supported overseas exploration and development activities of the domestic upstream oil industry, which has not proven as successful as expected.
According to formula (1), the primary task of calculating the NPV index is to forecast the amount of cashflow generated by follow-up exploration and development activities, including cash inflow and cash outflow.
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Because this region is rich in oil sands, caribou are encountering more vehicles and humans in the winter as oil-exploration and development activities surge.
"However the positive announcements in the government's March Budget with regards to the extension and change in field tax allowances should encourage further exploration, appraisal and development activity".
Research and development activity would be spread across the country.
Understanding and predicting the development and distribution of tectonic fractures in the super-deep tight sandstone reservoir are important for both gas exploration and exploitation activities in Kuqa Depression.
Anadarko Petroleum : Bullish options strategists dominated activity on the independent oil and gas exploration and development company today as shares of Anadarko Petroleum Corp. rebounded 1.87% to stand at $43.60 by 12 17 pm (ET).
The Group's principal activity is as that of an international mineral exploration and development company.
Oil & Gas Development Co. Ltd. engages in the exploration and development of oil and gas resources, including production and sale of oil and gas and related activities.
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