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The media outlet reported that Woodside said its Orphan Basin licences were “not a strategic fit” and that the firm decided not to pursue exploration drilling in the region. “Despite seeing the potential when the exploration bids were made in 2018, now companies are taking major financial hits to exit the industry. The oil and gas industry will remain an economic driver for our province in the decades ahead. Today’s news casts doubt on the future of our industry.”
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