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Stuart Russell
Senior Trade & Investment Manager
Government of Western Australia – European Office
Western AustraliaBig state big opportunities
February 2013
About Western Australia
WESTERN AUSTRALIAArea: 2.5 M km2 Population: 2 millionPersons/km2: 0.8
WESTERN AUSTRALIAArea: 2.5 M km2 Population: 2 millionPersons/km2: 0.8
~ 25
00km
~
EUArea: 4.2 M km2 Population: 497 millionPersons/km2: 117
EUArea: 4.2 M km2 Population: 497 millionPersons/km2: 117
Western Australia versus Europe
About Western Australia
• Population 2.4 million – which is 10.4% of the nation (73% live in Perth)
• Resource abundance: minerals, energy, agriculture
• Gateway to Asia and 60% of the world’s population
Gateway to Asia
4
About Western AustraliaEconomic Overview
•Value: A$239 billion in 2011-12
•16% of Australian economy, 28% of
business investment and 46% of
merchandise exports in 2011-12
•Resource projects committed or under
construction $167 billion; $151 billion more
under consideration
•GSP projected to rise 6.0% in 2012-13
Australia $100 = €80
Mining and Resources Sector
65 oil and gas fields, 975 operating mines, 50 different minerals produced
$82 billion of mining investment in 2011/12 - over half of the Australian total
WA produced over a fifth of the world’s iron ore and 7% of its LNG in 2011
Mining and Resources Sector
• Value of resources project: $167 billion committed or underway
• 50,000 construction jobs and 15,000 permanent jobs created
• ≥500 commercial mining projects; over 100,000 employed
Australian natural gas resources
Dominated by Western Australia – Offshore and Onshore
Offshore and LNG:A$92B invested –
mainly Gorgon and Wheatstone projects
Source: WA Department of Mines and Petroleum
Big Projects: LNG
PROJECT STATUS VALUE A$ CAPACITY
Gorgon Execution $52 billion 15.6mtpa
Pluto Train 1 In operation $13 billion 4.3mtpa
Wheatstone Execution $29 billion 8.9mtpa
Prelude FLNG Construction $12 billion 3.6mtpa
Browse LNG Evaluating tender bids for construction (FID expected first half 2013)
$30 billion 12mtpa
Major Resources Projects (cont..)
Source: Bureau of Resources and Energy Economics (Australian Government)
WA: 40 out of 87 committed
projects
WA: project value: $141 B
Australia-wide: project value $268 B(at October
2012)
Government of Western Australia Department of State Development 11
Investment Opportunities
• Western Australia exports to the UK worth over $5 billion during 2011/12
• 16 UK firms have opened new offices in Perth between 2010-12 including:-
• Many UK firms have been expanding in Western Australia, including:
• Global Energy Group – just completed 3rd acquisition since opening in September 2011
• AMEC Minproc – Nov 2012 awarded $20 million contract extension on Barrow Island JV; opened new offices on St George’s Terrace
• Big opportunities in upcoming O&G projects
How to Connect
Finding supply chain partnership opportunities on WA resources projects
Project Connect – an invaluable tool for suppliers
www.projectconnect.com.au
How to Connect
Project Connect – Major Projects currently advertised:
Browse LNG Development – Value $A52 billion, Construction 5-6 years from mid 2013
CITIC Pacific Mining Sino Iron project- US$5.2 billion, Construction started in early 2012
Gorgon Project- $A43 billion, Construction 5 years, Execution Phase
Greater Western Flank (GWF) Phase 1 Project- $A2.5 billion, Construction 2011-2016
Hess Equus Development- TBC, Construction Q4 2011- Q1 2013
Macedon Project - $US1.5 billion, Construction 2 years, Execution Phase
Midland Health Campus – $340 million, Construction started June 2012
New Children’s Hospital Project - $A1.2 billion, Construction Jan 2012- Late 2015
Oakajee Port & Rail Project - $A3.5 billion, Project currently on hold
Southern Seawater Desalination Plant – S1 $944 million (2009-11), S2 $450 million (2011-12), Execution Phase
Australian Marine Complex
Australian Marine Complex
• World class centre of excellence
• Infrastructure to support industry
• Supports the clustering of marine, defence, mining and oil & gas engineering companies in one location
• Facilitates sharing of skills between the different market sectors
• Addresses infrastructure issues associated with undertaking major projects in WA
• World’s most technologically advanced floating dry dock
Role of European Office
The Western Australian Government – European Office can:
Facilitate investor and business relationships by setting up meetings with Government and industry organisations
Provide briefing on Western Australia: economy, legislation, processes and markets
Give advice on aspects of living, working and doing business in Western Australia
Contact
Stuart Russell
Senior Trade & Investment Manager
Tel: +44 20 7395 0564
Email: [email protected]
Online: www.wago.co.uk twitter.com/wagoeu
Thank you