A consortium led by Asco Holdings; a company registered in Scotland, will construct, own and operate a marine supply base in Darwin in a project designed to establish the city as an oil and gas hub.
The deal comes following the recent Aberdeen-based Asco buy-out of the Australian logistics support company ShoreBase from the Shorelands Group, leading it to take on the ShoreAsco name.
ShoreAsco joined with Shorelands, Macmahon Contractors and Capella Capital among other groups to form the ShoreAsco consortium, named as the preferred bidder for the Territory contract .
The Northen Territory government is now conducting negotiations with the consortium with a view to finalising contracts by the end of 2011.
To be built next to East Arm Wharf, the base will service rig tender vessels, supplying everything from food and water to fuel and drilling equipment. Construction is expected to be completed by the end of 2013.
Darwin has already been named as the preferred site for Japanese company Inpex to build an LNG plant and the city is eager to attract further oil and gas investment.
Meanwhile, NT government officials this month attended a jobs expo in Dublin to recruit Irish construction and oil industry professionals to fill some of the 20,000 jobs that the government anticipates in the next five years with the development of major oil and gas operations.
If things continue to plan, it is expected that Darwin will witness a new housing boom, among other things.
Prepared by Bob Woodward & Associates: offering you business consultancy, accounting, payroll administration and ancillary services in Darwin, The Northern Territory, Australia