The recovery in the Australian oil and gas industry since the downturn of 2014-17 has staying power.
The past few years have been a punishing time for the upstream business.
83% of respondents expected their companies to sanction one or more project in the next 12 months.
Labour is another obvious driver of cost pressures in oil and gas.
Survey respondents were divided when asked to predict their levels of OPEX over the next 12 months.
A modest industry focus on automation is not a sign of a general aversion to new technology