Introduction
This industry-wide report aims to understand current cost levels across the energy industry, how rapidly the sector will recover from its recent downturn and the likelihood of costs increasing again.
The report presents industry sentiment across CAPEX, OPEX, labour and technology, and likely challenges and barriers.
The report can be used to understand future industry plans, project pipelines, committed and probable investment, and issues likely to delay projects and investment.
It will provide a basis for developing business plans, financial forecasts, investment evaluation and workforce planning. The research is unique in that it surveys the full range of industry stakeholders such as operators, service companies, consultants and contractors.
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INSIDE THIS REPORT
CAPEX & OPEX
Foreword
The past few years have been a punishing time for the upstream business.
ENB Cost Report 2019
17 JUNE 2019Executive summary
The recovery in the Australian oil and gas industry since the downturn of 2014-17 has staying power....
ENB Cost Report 2019
17 JUNE 2019Capital Expenditure
83% of respondents expected their companies to sanction one or more project in the next 12 months.
ENB Cost Report 2019
14 JUNE 2019Operational Expenditure
Survey respondents were divided when asked to predict their levels of OPEX over the next 12 months.
ENB Cost Report 2019
14 JUNE 2019Labour
Labour is another obvious driver of cost pressures in oil and gas.
ENB Cost Report 2019
14 JUNE 2019Technology
A modest industry focus on automation is not a sign of a general aversion to new technology
ENB Cost Report 2019
14 JUNE 2019Energy News Bulletin Cost Report 2019 ePublication
Read the Energy News Bulletin Cost Report 2019 online.