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4 Pages

Capital constraints and project deferrals on Australia's east coast


Capital constraints and project deferrals on Australia's east coast

Report summary

Two of eastern Australia's biggest upstream players, Santos and Origin Energy, have struggled to balance the financial stretch of developing CSG-LNG projects, service significant debts and maintain credit ratings while oil prices are low and volatile. This has not only forced these companies to change strategy and consider selling upstream assets, but will also delay investment in key Australian east coast domestic gas developments. We have reduced our forecast of production from assets owned by Santos and Origin Energy by over 200 mmcfd by 2020.  This raises questions about which sources of gas will be developed to meet forecast demand. It also represents an opportunity for competing and aspiring producers to fill the gap.

What's included?

This report includes 1 file(s)

  • Capital constraints and project deferrals on Australia's east coast PDF - 254.86 KB 4 Pages, 0 Tables, 3 Figures

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.

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  • Executive Summary
  • Desperate times call for desperate measures
    • Current vs previous production forecast
  • Impacts

In this report there are 3 tables or charts, including:

  • Executive Summary
  • Desperate times call for desperate measures
    • Capital constraints and project deferrals on Australia's east coast: Image 1
    • Current vs previous capex forecast
  • Impacts
    • East coast market balance
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