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.
A modest industry focus on automation is not a sign of a general aversion to new technology
Survey respondents were divided when asked to predict their levels of OPEX over the next 12 months.