Antipodeans in demand for cost control roles within oil and gas
In spite of high oil prices and consolidation dominating the news, we are seeing increased demand for finance staff to focus on cost analysis, reduction and streamlining processes within the oil and gas industry.
High levels of consolidation within exploration and extraction looks set to lead to greater demand for commercial accountants in business insight roles. Clients are telling us that corporate finance accountants are leaving financial services seeking roles within the energy sectors where they are now advising companies from the other side of the fence.
Over the past year we have seen exceptional profits from the oil and gas industry, yet we continue to see increased focus on margin pressure and cost control. Experienced analysts and cost accountants are sought after on an interim basis, as we see fewer long-term roles coming onto the market. Employers seek to ride out the current market challenges, playing a waiting game and extending contracts as they see fit. Overseas workers fit the brief – we are experiencing increased demand for antipodeans who have experience from complementary sectors such as mining, commodities and derivatives.
In an effort to retain competitive advantage, we are also seeing increased interest in competitor activity. High churn from one player to another is not uncommon as clients demand current relevant experience, ideally from one of the leading players/ key competitors. Analysts who can help with cost control measures of market intelligence are in high demand and, in the short term, this trend looks set to continue.
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