Canadian oil and gas software maker Energy Navigator has opened an office in Brisbane, Australia.
This is to further support the company’s existing Australian 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 says it sees this expansion as a strategic opportunity that will allow it to extend use of its software into more markets outside of North America.
Besides proximity to existing clientele, Energy Navigator chose to locate its office in Brisbane because of the city’s growing importance as a centre for oil and gas business in the Asia-Pacific region.
“No matter what region you are operating in, margins are extremely tight,” said Janet Tremblay, vice president for international business development.
“We cannot over emphasize 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.”
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