While the offshore energy sector repositions itself and restructures in the wake of pricing challenges brought about by the steep fall in the oil price, Australia has chosen the 'go it alone' route to ensure that offshore bidding and exploration activity continues to drive the country's economy. It has contracted magnetic and seismic surveys aimed at oil and gas bidders and will make that data available at no charge, stirring interest among explorers who are now trying to cut their cloth to accommodate the new oil price.
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