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" ... There are two fundamental reasons why conventional upstream is at this pretty pass of high break evens and snail-like progress – complexity and culture. Complexity comes in two guises – from reaching into geographical frontiers and tougher geologies; and self-imposed complexity in managing the business. The latter overlaps with culture, itself rooted in the industry’s ultra-cautious, belt and braces approach to offshore development. Together the two add up to costs. ... "