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Feature Sep 2003

No longer the dry-hole capital of the world

It may still be a high-risk exploration area, but interest is rising in offshore gas, where confirmation of a 2 trillion cf field may come in January. The imminent results of a licensing round will demonstrate the extent of international excitement. The country could be on the verge of shedding its old reputation as the dry-hole capital of the world. Nigel Ash investigates

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