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Operating result

An operating deficit of $1.4 million was recorded for 2018–19, compared to a $0.2 million surplus recorded in 2017–18. This operating loss was expected due to the lower levels of activity within the offshore oil and gas sector and the increase in NOPSEMA’s regulatory activities along with increased stakeholder and community engagement.

Figure 13: Operating result 2014–15 to 2018–19

This graph shows NOPSEMA's operating result from 2014-15 to 2018-19. It shows NOPSEMA was in surplus in 2014-15, 2016-17 and 2017-18. It shows NOPSEMA was in a deficit in 2015-16 and 2018-19.