By Rob Starr, Content Manager, Big4.com
Above the ground — or below — opportunities and challenges in Canada’s oilsands sector, particularly around access to markets, talent and capital, are creating a new environment for players, according to Ernst & Young’s annual report, Exploring the top 10 opportunities and risks in Canada’s oilsands 2012-13.
“Accelerating growth without giving up competitive advantage is a balancing act,” says Lance Mortlock, Partner in Ernst & Young’s Oil and Gas practice. “Securing adequate returns on investment requires companies to have a complete understanding of their risk profile and risk appetite. Successful partnerships should protect your company’s competitive resources while furthering your position in the marketplace.”
|Top 10 risks
for oilsands companies in 2013:
Collaboration enables companies to share costs and mitigate a number of this year’s top risks by sharing leading practices in areas such as technology, environmental reclamation, social and economic performance as well as creating a common labour pool to maximize resources.