Australia

Oil & Gas 

With significant gas and oil reserves that are underexplored by global standards, there’s still major potential for organic growth as these sectors remain critical to the Australian economy.

Jonathan Smith

Jonathan Smith

National Sector Leader, Oil & Gas

+61 8 9263 4895

 

Oil & Gas contacts

Contact our Oil & Gas professionals in Australia for more information about our services.

A leader in Oil & Gas

KPMG – A leader in Oil and Gas
This publication demonstrates KPMG's global capabilities in the oil and gas space.

As growing demand puts increasing pressure on existing oil and gas Many underestimate the cash generation that will come from Liquefied Natural Gas (LNG) projects once they come on stream. They are big employers, particularly in remote locations, huge users of existing and future infrastructure and big sources of export dollars.

 

This is resulting in a range of challenges:

  • Australian cost pressures are impacting our productivity agenda and limiting international investment in future big LNG projects.
  • Asian demand for our natural resources is fuelling higher prices and investment in projects they see as critical to securing their supply. However, large LNG projects will still need to be brought in on time and on budget.
  • Managing complex regulation and responding to changing government policy, such as approvals, Petroleum Resource Rent Tax (PRRT). The sector must also navigate the shortage of skilled workers and contractors, and deal with financial market volatility and readiness-to-operate in a post-commissioning environment.
  • Achieving sustainable growth through technology and innovation related to productivity and efficiency.
  • Managing higher funding and input costs, which will be an absolute necessity as capital markets and human resources costs change. 

 

How we can help
KPMG’s Global Oil & Gas Group works with companies across the project lifecycle (upstream and downstream) from explorers, developers, producers, services companies and public sector bodies charged with regulating and advocacy within the sector.

 

The team delivers services covering:

  • traditional audit and tax
  • a range of advisory offerings including transaction support, debt advisory, management and risk consulting.


For further information, visit KPMG's Global Energy Institute.

Global Energy Institute

Global Energy Institute

KPMG's Global Energy Institute helps identify and understand emerging trends, risks and opportunities in the energy sector.

Liquefied Natural Gas (LNG)

These publications take a deeper look into the Liquefied Natural Gas (LNG) industry at a global level.

Resource Taxation

We look at the resource tax landscape which is experiencing significant change with the repeal of the MRRT and amendments to the PRRT.

Australia-Africa Corridor: Mining and Resources

KPMG's Australia-Africa Corridor
An overview of the Australia-Africa Corridor team, its objectives and the value it can provide to Australian organisations operating in Africa.