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Opportunity constraint is part of the issue
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
Text Box: Signature Bonus (US$ Million)
Signature Bonus (US$ Million)
US Gulf of Mexico
Nigeria
Brazil
Angola