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AUSTRALIA DEVELOPMENT
TRAC Oil & Gas Pty Ltd
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AUSTRALIA DEVELOPMENT
Contents:
• TRAC overview
• Why Australia?
• Timeline
• Summary
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AUSTRALIA DEVELOPMENT
Developing in W.A:
•Where we are today
•How we got there
•What still needs done
Things we did well…
Things we did badly…
Support & advice we got along the way…✔
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AUSTRALIA DEVELOPMENT
TRAC Oil & Gas Ltd…
“…is a global provider of
Engineering Support Services
for the inspection and maintenance of offshore and onshore assets in the Oil & Gas industry”
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AUSTRALIA DEVELOPMENT
Oil & Gas Services include:
• Mechanical & Construction
• Electrical/ Fire & Gas
• Inspection & NDT
• Fabric Maintenance
• Access Solutions & Training
• Integrated Solutions
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AUSTRALIA DEVELOPMENT
Typical Contracts…
FPSO - side shell weld repairs
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AUSTRALIA DEVELOPMENT
Typical Projects…
Flare Tower repairs & alterations
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AUSTRALIA DEVELOPMENT
Typical Projects…
Inspection & NDT
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AUSTRALIA DEVELOPMENT
Typical Projects…
Fabric Maintenance/ Painting
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AUSTRALIA DEVELOPMENT
Typical Projects…
Fire & Gas
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AUSTRALIA DEVELOPMENT
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Aberdeen, UK Head Office
Perth, AUSRegional Office
Operating Centres (Oil & Gas)Proposed Offices (Oil & Gas)
Norway
BrazilSingapore
TRAC Presence
New Zealand
Africa
Canada
SE Asia
Middle East
UK & Europe
TRAC International
India
China
Finland
www.tracoilandgas.com
AUSTRALIA DEVELOPMENT
Belmont office facility
CLOSE TO AIRPORTS FOR FIFO STAFF
CLOSE TO CITY (OIL & GAS CLIENT BASE)
CLOSE TO SUPPLIERS
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AUSTRALIA DEVELOPMENT
Why Australia…?
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AUSTRALIA DEVELOPMENT
Pro’s
• Market – good opportunity• English speaking• Similar legal/ etc. systems• “Pleasant” location
Con’s
• Remote• Expensive• Predominantly Gas
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AUSTRALIA DEVELOPMENT
Timeline…
Jan – Mar ‘103 months
Apr ‘10 – Apr ’1112 months
May – Oct ’116 months
Nov ‘11 and beyond
Feasibility
ScottishEnterprise
ISW
Research
SDI – AOG
UKTI – OMIS
Customers/ Market
Set-up
SDI – AOG
Service delivery
Develop
WA Gov.
Business development
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AUSTRALIA DEVELOPMENT
Corporate considerations• Legal entity
o trading status/ local/ foreign
• Accounting requirements
o tax rules/ reporting/ employment etc.
• Banking
• Licenses
• Insurances
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AUSTRALIA DEVELOPMENT
Facility considerations
• Location, Location, Location
• Buy/ Lease
• Short term vs Long term requirements
• Fit-out/ time constraints
• IT/ phones/ mail/ services/ etc.
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AUSTRALIA DEVELOPMENT
Staff considerations
• Local staff/ Ex-pat/ Secondment
• Immigration/ Visas
• Unions/ Fair Work Act 2009
• Salary expectations
• Tax issues/ package
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AUSTRALIA DEVELOPMENT
Operational considerations
• Barriers to doing business
• Memberships/ Licenses/ Approvals
• Equipment & Materials
• Suppliers/ Credit accounts
• Customer requirements/ invoicing/ revenue
• Commercial model/ accounting
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Summary…
Relatively ‘SOFT’ landing
‘vs’
Very EXPENSIVE
Take full advantage of SUPPORT
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AUSTRALIA DEVELOPMENT
Questions…?
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20 – 22 Feb 2013 – AOGEXPO.COM.AU
TRAC Oil & Gas exhibiting at
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Come and visit us at STAND P14