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Australasian Upstream: 2014 in review

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Report summary

2014 was a milestone year for Australasia with LNG projects starting up in both Australia and Papua New Guinea. Development continued apace on the other six LNG projects under construction although 2014 also signalled the end of the peak capex period. Conventional exploration and appraisal drilling was broadly similar to 2013 but still below historical levels. LNG related M&A activity was over US$10 billion.

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