Offshore oil and gas supply and service sector
Location: Northern Territory, Australia
Sector: Oil and gas resources
Investment type: Acquisition of existing businesses; direct or passive equity investment; financial or management partnerships; mergers and joint ventures; establishment of new or branch operations
Project status: Conceptual, proposed and investor-ready
Darwin is strategically located near globally significant offshore oil and gas resources and currently hosts several world-class oil and gas projects, making it ideally placed for those seeking to invest in and deliver supply and support
Sustained growth of the Northern Territory’s offshore oil and gas industry has established Darwin as Northern Australia’s oil and gas operations and maintenance hub. Darwin has extensive infrastructure, networks and the expertise to support offshore resource projects that service Australian and international energy demands. By mid-2018 four LNG trains will be serviced from Darwin. Beyond 2018, further opportunities are likely to arise through the development of known offshore fields for the backfill and expansion of Darwin’s onshore facilities.
This has created a diverse range of supply and service related investment and business development opportunities - especially in the areas of health, safety and environment; offshore drilling; application of remotely operated vehicles; turbine, large electric motor, wellhead and processing equipment maintenance and service of floating liquefied natural gas (FLNG) and floating production storage and offloading (FPSO) technology.
Darwin oil and gas supply and service sector is supported by the North Australian Centre for Oil and Gas (NACOG) - a dedicated research, education and training hub that targets the specific needs of oil and gas developments and operations in the region, and recent Northern Territory Government major development initiatives that include:
- an operational, purpose-built marine supply base and integrated logistics centre that has capacity to supply and service projects in the Timor Sea, the Bonaparte Basin and the Browse Basin - including the new Shell Prelude FLNG vessel and INPEX Ichthys Central Processing Facility
- a $100 million plus ship lift and marine industries project that is currently in the front end engineering design phase and will be operational by 2021, providing the capacity for maintaining and servicing a wide range of vessels.
A wider range of supply and service related investment and business opportunities will increasingly emerge as Darwin’s new LNG trains begin production and new fields continue to be developed.
Dr Howard Smith
Principal Industry Development Officer
Department of Trade, Business and Innovation
Phone: +61 8 8999 6408
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