Download Report: Charting a new course for Capital Projects in Australian Mining and Energy
Australia’s mining and energy industries have never experienced the level of investment, complexity, innovation and scrutiny now required to bring new projects to operation. With so much investment, so many expectations and so many firsts, what does the future hold?
The complexity, scale and investment levels of capital projects in Australian mining and energy are unprecedented.
The project pipeline is stronger than ever—and the challenges more daunting. With low labour availability, high and escalating costs, an uncertain regulatory context and emerging community resistance, not all projects will come to fruition. Some will fall by the wayside and others will continue to experience cost and schedule blow-outs.
This report is based on primary research conducted by GA Research on behalf of Accenture. GA Research conducted 24 in-depth interviews with leaders from the Australian mining, oil and gas industries between May and July 2011. Participants interviewed included project leads, as well as those with strategic and operational oversight of large capital projects. Most were responsible for multiple projects. Project sizes ranged from just under $1 billion through to $30-$50 billion. The majority of participants were from companies which were owner/operators (88 percent) and there was a mix of Australian, Global and Joint Venture organisations.