Globally, the oil and gas industry is experiencing continued price volatility, significant technology advancements, regulatory change and the opening of new exploration areas and markets. Companies have expanded internationally through production sharing contracts, mergers, acquisitions and strategic alliances. The industry is also facing higher expenditure requirements in order to comply with developing environmental and safety standards.
The Australian oil and gas sector has long been dominated by major players, but the rise in the price of crude oil has given a new lease of life to the juniors who are now able to expand their operations. The continuing impacts of economic upheaval, fluctuating oil prices, global mergers and a converging industry ensure that our industry will continue to face one of its most challenging times.
How PwC can help you
PricewaterhouseCoopers provides specialised services to meet the growing, complex requirements of companies operating in the oil and gas sector. Our team has the experience, skills and international network to contribute to your future success.
