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CFOs outline financial challenges for 2009

Credit capacity constraints will be the greatest financial challenge for the oil & gas industry in 2009, according to 57% of chief financial officers (CFOs) in the sector.

    • Pauline McCallion
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Research by BDO Seidman, an accounting and consulting firm, has revealed 57% of CFOs at US oil & gas exploration and production companies believe "credit capacity restraints, including access to capital" will be their greatest financial challenge next year. Research was based on interviews with 100 chief financial officers conducted in October and November of 2008.

Falling oil or natural gas prices were highlighted as a cause for concern by 21% of those surveyed and 72% expected the economic

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