KPMG in Thailand’s Energy Practice provides professional services to businesses in the oil, gas and mining sectors.
Companies involved in oil, natural gas, and mining have faced regulation and policy iss...
Our Energy industry provides professional services to businesses in the oil and gas, power and utilities, energy services, mining and forestry sectors. Companies operating in these important sectors of the Thai economy are experiencing massive change, and the drivers are well known: globalization, cyclical prices, cost containment, technological advances, productivity improvements, deregulation, and issues involving access to capital. How companies manage change can make the difference between those that thrive and those that fail.
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IFRS 16 Leases was issued in January 2016 and will take effect in January 2019. The standard introduces a new on-balance sheet model for lessee accounting which will impact upstream oil and gas firms.
Oil & Gas CEOs are bullish on growth outlook and are intensifying investment in emerging technologies and innovative solutions; however, despite commitment to emerging technologies, CEOs are concerned that implementation will create challenges.