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Ernst & Young: Red Light, Green Light: Backgrounder, Exploration & Production - Going Global

April 21, 2006

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To meet high energy demands, U.S.-based oil and gas companies are increasingly working outside the safety net of familiar political, economic, tax, and legal systems, and moving into countries with unpredictable rules, limited infrastructure, and shortages of skilled workers.

To identify areas of opportunity and challenge, Ernst & Young polled its leading professionals in several nations to rate those countries' readiness for investment by U.S. energy companies.

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