Thursday, 10 November 2011

Obama visits Darwin

It’s interesting that President Obama will be visiting Darwin this month during his first visit to Australia as the leader of the United States. The visit is short: the president is making a two-day trip to Australia between attending the APEC trade meeting in Hawaii and the East Asia Summit in Bali. Some might say it is only a logistic stop. But it will focus world attention on the city at a time when the oil and gas industry is front and foremost in the minds of many businesses.

The oil and gas industry is what will drive the NorthenTerritory economy in the foreseeable future according to analysts, with hundreds of millions of dollars worth of work from servicing the industry being mentioned

It was announced not long ago that the Northern Territory government has chosen a consortium called ShoreASCO as its preferred bidder to build, own and operate a huge oil and gas support base alongside East Arm Wharf.

The consortium includes several giant companies, such as ASCO Holdings, Capella Capital and Macmahon Contractors.

The base will be open to all companies servicing the oil and gas industry; and is expected to offer important benefits in skilled jobs, good wages and work for Territory businesses.Eight floating gas platforms are expected to be operating off the Territory coast within the next decade, say some analysts.

Shell has confirmed that it will use Darwin as the maintenance centre for the floating Prelude platform. And Darwin is almost certain to service the GDF Suez and Advent fields in the Joseph Bonaparte Gulf.

Prepared by Bob Woodward & Associates: offering you business consultancy, accounting, payroll administration and ancillary services in Darwin, The Northern Territory, Australia