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Page added on July 4, 2006

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Tapping older oil fields for profitable leftovers

Older oil fields, shunned by the giants of the industry, are turning into big business for a batch of smaller firms.


NGP Energy Capital Management, ATP Oil & Gas and Whiting Petroleum are getting enough crude to fuel nine million cars a day from fields that BP and Exxon Mobil had given up for empty.


The revivals are giving bigger investment returns than new projects.
International Herald Tribune



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