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Australia's upstream costs deflate by 15%

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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 contains

  • Document

    Australia's upstream costs deflate by 15%

    PDF 318.06 KB

Table of contents

    • The industry speaks
    • Capital 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?

Tables and charts

This report includes 4 images and tables including:

Images

  • 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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