Oil & Gas - the boom continues down under
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Transcript of Oil & Gas - the boom continues down under
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UNCLASSIFIEDUKTI AOG Day 18/02/2013
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Australia Oil +Gas : The Boom Continues Down Under
Richard GoldsmithLead for Energy, Mining and Resources for Australia
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Head of Trade for Western Australia and Northern Territory
UKTI AOG Day 18/02/2013
Disclaimer
• Whereas every effort has been made to ensure that the information given herein is accurate, UK Trade & Investment or its sponsoring Departments, the Departments of Business Innovation & Skills and Foreign & Commonwealth Office, accept no responsibility for any errors, omissions or misleading statements in that information and no warranty is given or responsibility is accepted as to the standing of any firm, company or individual mentioned.
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Australia – A brief geographical overview
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“That’s not a BIG country!” This is just ONE State!!!
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Why Australia?
• You’ll feel at home immediately:
– Over 1,000 UK companies and more Brits than in any other country
– Very similar business, legal and regulatory culture
• Best performing OECD country economically, with good growth prospects
• Strong Australian dollar making UK goods and services more affordable
• Closely linked to fast growing Asia-Pacific nations
• Massive opportunities for UK companies in oil and gas, health, ports, infrastructure, ICT, education, low carbon, financial and business service.
* ONS Pink Book 2012
Why do business in Australia ?
Strong economy
Stable economies with good current and future growth prospects
Business, legal & cultural similarities
Familiar business, legal & regulatory framework
Common language & customs
Strong IP protection
Many British businesses already there
High regard for UK products “High Quality –Low Cost” Proven in the North Sea etc.
Gateway to Asia
Skilled, educated, multi-lingual workforce
Asia still the region of the world with the highest potential growth
Quality of Life
5 Australasian cities in world’s top ten most liveable cities*
* The Economist, Liveability Ranking, 2010 8
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PROJECTS Committed verses Planned
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Queensland
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Northern Territory - Bonaparte, Timor Gap, Inpex Browse Ichthys
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Darwin as Marine Supply +Service Base
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Major WA Resource Projects
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Browse Projects
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SHELL FLNG: INTEGRATING PROVEN TECHNOLOGIES
LIQUEFACTION
QUARTERS
FRACTIONATION/ COMPRESSION
PRODUCTION FACILITIES
SUBSEA INFRASTRUCTURE
POWER GENERATION/ WATER INTAKE
MOORING/OFFLOADINGGAS TREATMENT
STORAGE
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• Prelude will be located 475 km north-northeast of Broome, and over 200 km from the nearest point on the coast.• Located in 250m-deep water, it is in the Indian Ocean in the eastern part of the Browse Basin. • It will be the first development to use Shell’s Floating LNG (FLNG) Technology.• The FLNG facility is being constructed in Geoje, Korea and will be towed to the location. • Once operating, the Prelude Project is expected to produce at least 3.6million tonnes per annum of LNG, 1.3 mtpa of Condensate and 0.4 of LPG for about 25 years. • Final investment decision taken by Shell Board in May 2011
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ECONOMIC CONTRIBUTION OF PRELUDE FLNG PROJECT
The Project will bring a number of economic benefits for Australia
Adds more than A$45b to Australia’s GDPCreates around 1,000 jobs, including 350 direct jobsContribute total tax revenues of more than A$12bSpend A$12b on Australian goods and servicesOpportunities for Australian businessesImprove Australia’s balance of trade by more than $A18b through export of LNG, LPG and condensate
Shell in Perth will grow to around 1,000 employees from 250 employees currently
The Prelude FLNG Project will be world first technology in Australian waters
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PROJECTS to be targeted $A Bn $A Bn
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Knowledge Gap?
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UKTI Oil and Gas Programmes
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UKTI Programmes for Australia FY 2013-2014
Setting up in Australia
NAG – Northern Australia Gas New Programme starts April 2013 and runs to March 2014
includes Offshore Europe 2013, AGT 2013, AOG 2014.
Setting up in Australia £1,170 ex vat. FY2012-2013
• What do I need to know to start up in this market?
• What equity can I hold? Must I have partners?
• How do I get profits back to UK? What’s the tax?
• What Company structure? What Reporting and Accounting Requirements?
• Visas explained! Industrial Relations? Unions! OSH?
• Package includes - 1 hour with UK based Accounting Firm
» - 1 hour with UK based Lawyers
» - 1 hour with an Oil + Gas knowledgeable bank.
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Setting up in Australia cont. -Customised Visit Programmes
• We recommend you use your existing contacts within the major Operators and EPC’s to assist you with gaining appointments in Australia.
• Why? Because they will include a little email that states the current work, contracts etc. you’ve done with them and it will assist building creditability towards 1. Authorised/approved Supplier certification and 2. Help you win your first contracts.
• UKTI can do detailed visit programmes but these are time cost expensive because of all the calls that have to be made to create tight, programmes for your limited time in Perth, Darwin or Brisbane. These are an additional cost to the base package.
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NAG - Northern Australia Gas £2,340ex vat. FY2012-2013
• NAG is an Australian Project in the FCO –UKTI High Value Opportunities Program
• Information on the up and coming LNG projects which UKTI believe opportunities exist for SME’s to access work with major EPC/M’s in the next 12-18 months.
• Detailed information on each project.
• News update emails on announcements etc.
• Offshore Europe –Australia presentation session
• AGT 2013 -Australasian Gas Technology –Downstream and pipelines
• AOG 2014 –Australasian Oil and Gas Expo + Conference –Upstream
• UKTI AOG Day- Mon 17 Feb 14 detailed day of presentations and info.
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How can UKTI Australia help British companies?
• Find local contacts to help your business grow
• Help you attend trade fairs and missions
• Carry out in-depth research on the market to your specifications
• Product launches and PR and marketing support
• Whatever you need to succeed in the market!
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What next?
• Ask questions at the end of this or follow the conversation on LinkedIn
• Keep in touch with the latest Australian business opportunities
• Attend our industry specific webinars
• Follow us on twitter @uktiaustralia
• Get in touch with me [email protected]
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What can UKTI Australia & NZ do for you?
• Local knowledge: Tailored, experienced, impartial advice to maximise your chances of succeeding in Australia
• Product launch: In one of our boardrooms, available in most capitals
• Introduction service: To prospective business partners, distributors, suppliers and Australian Govt bodies
• Promotion: PR to local media, UKTI e-newsletters, emarketing and social media campaigns
• Test the Market: Reduce the cost, risk and time of establishing your business in Australia by working in one of our business centres
• The Market reports – Close the your Knowledge Gap, provide time relevant info. For your Business case.
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My contact details
Richard GoldsmithLead Mgr. Energy, Mining and Resources for AustraliaHead of Trade W.A. , N.T.
Email – [email protected] Website//ukinaustralia.fco.gov.uk/business
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Sources
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WA GovernmentQld. GovernmentNT. GovernmentAustralian Federal Government ReportsNewspaper ArticlesCo. Reports and Media announcementsUKTI Australia sourced and commissioned reportsSubscription services supplied information