Oil & Gas

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Oil and gas

Volatile prices, security of supply and ongoing demand will impact the oil and gas industry for the foreseeable future. These pressures are increasing reliance on existing reserves while driving renewed  investment in exploration and the development of new resources. 

In an area already facing regulatory and political challenges, recent developments mean that in the coming years managing risks, controlling costs and maintaining sound financial practices will be more important than ever.

The oil and gas lifecycle

The oil and gas industry operates in an environment of evolving regulations, market pressures and energy transition challenges. BDO provides tailored advice across the entire lifecycle, from exploration and development to production and decommissioning. Our experts help you manage risk, unlock value and position your business for long-term success.

Explore the interactive lifecycle below to discover how BDO can support you at every stage.

Oil & Gas lifecycle
Select a stage to explore the lifecycle
Access
  • Deal advisory for asset / licence acquisitions and divestments
  • Support with buying permits (including third-party transactions / JV entry)
  • Financial due diligence and commercial assessments
  • Valuations and modelling for bidding processes
  • Regulatory and tax structuring advice
  • Support securing funding and capital for entry.
Exploration
  • Exploration strategy and project planning
  • Funding advisory (equity, debt, farm-in/farm-out)
  • Cost modelling and budgeting
  • Risk and feasibility assessments
  • Tax structuring for exploration expenditure.
Appraisal
  • Reserves and asset valuation support
  • Economic modelling and scenario analysis
  • Impairment testing and accounting advice
  • Support for joint venture structuring and agreements
  • Technical accounting for capitalisation and evaluation costs
  • Continued funding and transaction support.
Development
  • Project finance advisory and funding structuring
  • Capital project governance and risk advisory
  • Procurement and contract review
  • Tax structuring for large-scale projects
  • Systems implementation
  • ESG and sustainability advisory
  • Stakeholder engagement and compliance support.
Production
  • Operational performance and cost optimisation
  • Production planning and forecasting
  • Financial reporting, audit and compliance
  • Commodity risk and hedging strategies
  • Transfer pricing and international tax
  • Digital and data optimisation
  • ESG reporting, emissions compliance and climate risk.
Decommission
  • Asset retirement obligation modelling
  • Provisioning and financial planning for closure
  • Tax advisory on decommissioning costs
  • Regulatory compliance and reporting
  • Risk management and assurance over closure activities
  • Strategic advice on asset exit, divestment or repurposing.

How BDO can help

BDO has a long history of involvement with all facets of the oil and gas industry in Australia and globally. This industry focus and relevant experience is reflected both in our client work and our wider industry involvement. Our range of oil and gas services can assist you to:

  • Uncover incentive opportunities
  • Manage risk
  • Implement sustainability strategy
  • Drive transaction success
  • Structure for success.
  • Access capital.

Backed by the resources of one of the world’s largest global networks, BDO’s oil and gas experts are able to deliver these services wherever they’re needed most. We tailor our services to meet the specific needs of oil and gas clients, ensuring you get the support you need, regardless of what stage of the lifecycle you are in.

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Meet our team

Catherine Dean smiles at the camera

Catherine Dean

Partner, Corporate & International Tax
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James Mooney

James Mooney

Lead Partner, Audit Professional Practice Department
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James Trainor

James Trainor

Partner, Global Expatriate & Employment Taxes
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Leonie Ferretter

Leonie Ferretter

Leader, Customs, International Trade and Excise
Partner, Customs, International Trade and Excise
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Neil Billyard smiles at the camera

Neil Billyard

Partner, Corporate & International Tax
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Sherif Andrawes

Sherif Andrawes

Global Natural Resources & Energy Leader
National Leader, Natural Resources & Energy
Partner, Deal Advisory
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Steven Sorbello

Steven Sorbello

Brisbane Office Managing Partner
Partner, Deal Advisory
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Contact us

Contact our team to discuss your needs using the request for service form. 
Alternatively, call 1300 138 991 to speak with an adviser in your nearest BDO office.