Executive summary

Executive summary

The recovery in the Australian oil and gas industry since the downturn of 2014-17 has staying power.

Foreword

Foreword

The past few years have been a punishing time for the upstream business.

Capital Expenditure

Capital Expenditure

83% of respondents expected their companies to sanction one or more project in the next 12 months.

Labour

Labour

Labour is another obvious driver of cost pressures in oil and gas.

Technology

Technology

A modest industry focus on automation is not a sign of a general aversion to new technology

Operational Expenditure

Operational Expenditure

Survey respondents were divided when asked to predict their levels of OPEX over the next 12 months.