Energy Navigator announced it has opened an office in Brisbane to support the company's existing Australian oil and gas clients, as well as a growing number of Canadian and US companies operating internationally, particularly within the Asia-Pacific region. While the announcement comes at a time when many companies are retracting, Energy Navigator sees this expansion as a strategic opportunity that will allow it to extend use of its software into more markets outside of North America.
"E&P companies everywhere are under extreme pressure to find operational efficiencies and to ensure they are more reliably evaluating and capitalising on any opportunities that can help them weather the current low price environment," commented Vice President of International Business Development, Janet Tremblay. "No matter what region you are operating in, margins are extremely tight. We cannot over-emphasise the importance of basing decisions on the most reliable, accurate production forecasts, thorough economic analysis, and continuous monitoring and management of reserves and resources. Getting the fundamentals correct is what everyone is striving to do and our Value Navigator engineering and reserves system is renowned for this."
In the past few years, the company has strengthened business relationships with clients, which include one of Australia's largest E&P companies with annual production of over 54 million boe, and a smaller producer with approximately 1.4 million boe annual production.
The company will do business in the region as Energy Navigator Pty Ltd, and will be located at Level 10, 500 Queen Street, Brisbane, QLD, Australia, 4000.
Edited from press release by Angharad Lock
Read the article online at: https://www.worldpipelines.com/business-news/27012016/energy-navigator-opens-brisbane-office-2284/