Insight
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6 Pages

Australia's upstream costs deflate by 15%


Australia's upstream costs deflate by 15%

Report summary

Australian upstream costs have fallen by 15% since mid-2014, according to an industry survey by Wood Mackenzie. A combination of global and local factors – including lower oil prices, a falling Australian dollar and the end of the resources boom - is creating strong deflationary pressure, but will this be enough to make Australia's cost environment globally competitive?

What's included?

This report includes 2 file(s)

  • Australia's upstream costs deflate by 15% PDF - 318.06 KB 6 Pages, 0 Tables, 4 Figures
  • Auscostdeflation.xls XLS - 132.00 KB

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.

Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in upstream commercial data and analysis.

  • Executive summary
    • The industry speaks
    • Capital Costs
    • Operating costs
      • Reported opex cost deflation (last 12 months) by category
      • Average opex cost deflation (last 12 months) by company type
    • The cost deflation Australia needed?

In this report there are 4 tables or charts, including:

  • Executive summary
    • Reported capital cost deflation (last 12 months) by category
    • Average reported capital cost deflation (last 12 months) by company type
    • Australia's upstream costs deflate by 15%: Image 3
    • Australia's upstream costs deflate by 15%: Image 4
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