Industry struggles continue: APPEA

APPEA Chief Executive Dr Malcolm Roberts.

APPEA Chief Executive Dr Malcolm Roberts.

Oil and gas industry financial survey results – released by the Australian Petroleum Production and Exploration Association (APPEA) – highlight the challenging operating conditions confronting the industry in Australia.

The survey is the 29th in the series compiled by APPEA, and provides a snapshot of the financial performance of the industry.

Reflecting the significant fall in commodity prices that began in late 2014, together with the peak in spending associated with new gas projects, the industry recorded a net operating loss of $4.5 billion for the year 2015-16 (compared with a loss of $0.6 billion in 2014-15).

&++++ !++!++ #!+ ++ !++!++#+ #+ ++ !++!++ #+!+. &++++ !++!++ !# ++. ++ !++!++ #+!+. &++++ !++!++ !# ++. ++ !++!++ #+!+. &++++ !++!++ !# ++. &++++ !++!++ ! ++ !++!++#+ #+ ++ !++!++ #+!+. &++++ !++!++ #! ++. ++ !++!++#+ #+ ++ !++!++ ##+!+. &++++ !++!++ !# ++. #+ ++ !++!++ #+!+. &++++ !++!++ #! ++.

&++++ !++!++ #!+ ++ !++!++#+ #+ ++ !++!++ #+!+. &++++ !++!++ !# ++. ++ !++!++ #+!+. &++++ !++!++ !# ++. ++ !++!++ #+!+. &++++ !++!++ !# ++. &++++ !++!++ ! ++ !++!++#+ #+ ++ !++!++ #+!+. &++++ !++!++ #! ++. ++ !++!++#+ #+ ++ !++!++ ##+!+. &++++ !++!++ !# ++. #+ ++ !++!++ #+!+. &++++ !++!++ #! ++.

&++++ !++!++ #!+ ++ !++!++#+ #+ ++ !++!++ #+!+. &++++ !++!++ !# ++. ++ !++!++ #+!+. &++++ !++!++ !# ++. ++ !++!++ #+!+. &++++ !++!++ !# ++. &++++ !++!++ ! ++ !++!++#+ #+ ++ !++!++ #+!+. &++++ !++!++ #! ++. ++ !++!++#+ #+ ++ !++!++ ##+!+. &++++ !++!++ !# ++. #+ ++ !++!++ #+!+. &++++ !++!++ #! ++.

Enter your details to receive a free trial to Pipeline, Plant & Offshore

Thank you for signing up for the Pipeline, Plant & Offshore trial.