Perth, Sep 11, 2014 AEST (ABN Newswire) - Resource Investment Strategy Consultants (RISC) Chief Executive Officer Peter Dawson says that some of the issues which have confronted the Australian oil and gas sector in recent years had started to turn.
A decrease in transaction activity in Australia had been off-set by increased activity in south East Asia and Europe, particularly the North Sea.
Speaking at the RIU Good oil Conference in Fremantle, Western Australia, Mr Dawson said there was a flow of funds from the Middle East into South East Asian assets, and as a result of this, RISC , an independent oil and gas consultancy, has made a drive to expand business in that region with the establishment of an office in Jakarta.
"Some of the trends we are seeing in this region relate to the exodus of the US companies back into shale gas in the United States."
We have seen a lot of Middle East companies and funds taking an interest in these SE Asian opportunities, and our Dubai office has been a critical link in bringing these opportunities to RISC.
"And of course there has been the increased activity in the North Sea with many assets turning over in the past several years, plus the emerging activity in East Africa, most of which ultimately flows through London."
Dawson went on to say that business in the Australian oil & gas sector had started to pick up, with increased demand for RISC's services as a consequence of some emerging activity in the junior and mid-cap market of ASX listed companies, which had been absent for some time.
RISC is a multi-disciplinary global consultancy providing fully integrated specialist services across the oil & gas asset life cycle. Responding to international opportunities, the company has expanded its global footprint and expanded its range of services, with the Company now generating more than 60% of revenues from off-shore.
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