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Oil Price

Western Australia’s Battle for Offshore Oil – Crude Oil dropped by 27% in 2009

The West Australian Department of Mining and Petroleum published its latest statistics for 2009 on 27/4/2010 http://www.dmp.wa.gov.au/7105_10347.aspx

Crude oil production dropped from 13.1 GL in 2008 to 9.5 GL in 2009. The following graph shows the stacked production profiles of all oil producing fields in WA:

We can clearly see the production battle out there in those [...]