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Lower prices could also imperil some of the world's most expensive oil exploration and development projects.
However, the risk of a fall in oil prices can be hedged in the financial markets, which allows the company to preserve the value of its exploration and development projects even when business conditions deteriorate.
Even if it decides not to protect its exploration and development projects in this way, the company enjoys a natural hedge because the price of oil is highly correlated with cash flows.
Mr. Maugeri, a research fellow at the Belfer Center and a former oil industry executive, bases that assertion on a field-by-field analysis of most of the major oil exploration and development projects in the world.
"We believe that the addition of the Dolores deposit, along with a strong portfolio of exploration and development projects and a dedicated team of employees, provides a significant contribution to the future growth and success of Pan American," the Minefinders chief executive, Mark Bailey, said in a statement.
Deepwater oil and gas exploration and development projects involve interests of many parties, which are stipulated in complicated contract clauses.
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All of the signs are right--lower rig counts, distress for overly leveraged companies, lower budgets for crucial exploration and development projects--but it all takes time.
Finally, the analysis presents a path to follow when mainstreaming social transformation into recovery and development projects through the exploration of strategies, approaches, practices, experiences and lessons learned.
The plan includes the realization of ambitious research and development projects, such as Moon exploration and the development of China's first domestically designed passenger aircraft.
One of the most promising gas exploration and pipeline development projects is along the 1,200-mile 1,200-mileRiver, a region with abundant grizzly bears and caribou and so far alMackenzie Riveracking in regionor other infrastructure.
2) Permit no new oil exploration or development projects in Yasuní, particularly in the remote and relatively intact Block 31 and ITT Block.
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exploration and infrastructure projects
exploration and development successes
exploration and development wells
exploration and development expenditures
exploration and development agreements
exploration and refining projects
exploration and production projects
exploration and development operations
exploration and development techniques
exploration and development surveyors
exploration and expansion projects
exploration and management projects
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