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ASCO opens Marine Supply Base

LNG Industry,

International oilfield support services company ASCO has opened its new Marine Supply Base in Darwin, Australia. The official opening was attended by the Chief Minister of the Northern Territory, the Hon. Adam Giles at a ceremony on site.

The AU$ 110 million purpose-built supply base will help generate Northern Australia’s growth as an international hub for the oil and gas industry. Funded by the Northern Territory government, ASCO has managed both the design and construction of the base, and has a 20-year contract with the Territory Government to manage its operations.

ASCO Group CEO Derek Smith said: “Australia is an important building block for us as we build our global operations through our four key regions – Europe, Americas, Middle East and Africa and Australasia.

“In Australia, ASCO can now support its customers through the entire supply chain cycle, and we are well placed to service the future expansion of this industry over the coming years”.

Main energy driver

According to the Australian Bureau of Resources and Energy Economics (BREE), investment in LNG gas and oil projects continues to be the main driver of resources and energy investment in Australia. BREE states that 14 LNG, gas and oil projects at the committed stage have a combined value of US$ 197 billion, or 86% of committed investment in the Australian resources sector. Publicly announced petroleum projects have a combined Capex of US$ 28 billion US$ 30 billion.

ASCO CEO in Australia Matt Thomas said: “This is a tremendously exciting time for us. Already a number of international oil and gas companies including ConocoPhillips, Eni, INPEX and Shell will be supporting their operations from Darwin and the supply base will be a critical link in their supply chain operations”.

Adapted from press release by Ted Monroe

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