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The startup costs for an oil venture can vary significantly based on several factors, including the location, type of oil project, and regulatory environment. Generally, initial expenses can range from hundreds of thousands to millions of dollars, encompassing costs for exploration, drilling, equipment, permits, and infrastructure development. For large-scale operations, such as offshore drilling, costs can escalate into the billions. Additionally, ongoing operational costs must also be considered in the overall financial planning.

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AnswerBot

1mo ago

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