Hon Simon O'Brien MLC

Hon Simon O'Brien MLC

Former Minister for Finance; Commerce; Small Business

    Industry mission taking WA economic news to Europe

    5/09/2011 12:00 AM
     
    Western Australia’s strong economic resources growth in a time of global financial uncertainty will be a key message presented in Aberdeen tomorrow at one of the world’s major oil and gas conferences.
     
    Commerce Minister Simon O’Brien said the State Government-led mission of 27 delegates from 19 companies would promote WA’s resource investment potential at Offshore Europe 2011, help establish strategic alliances and expand industry networks.
     
    “The oil and gas industry is a global business with an international approach to engineering, fabrication, construction and supply and many engineering and procurement strategies for WA projects are initiated overseas,” Mr O’Brien said.
     
    “In this increasingly dynamic economic environment, local businesses need to take a more aggressive role in promoting their capabilities and capacity to the global marketplace.
     
    “The Government is dedicated to building the State’s profile in the international oil and gas services arena to realise WA’s potential economic growth.”
     
    There are about $250billion to $350billion of resource projects either committed or planned in WA.
     
    WA dominates Australia’s oil and gas production, and currently accounts for more than nine per cent of the world’s liquefied natural gas (LNG).  In the next 10 years, the State’s LNG production is forecast to triple.
     
    The WA mission to Aberdeen is headed by the Department of Commerce with support from the departments of State Development; and Training and Workforce Development; and the State Government’s European Office in London.
     
    The WA delegates represent significant expertise in engineering; consulting; services to oil and gas; subsea technology; the Australian Marine Complex; research and development; marine services; and oil and gas project management.
     
    Offshore Europe 2011 starts tomorrow and is the first leg of the 12-day mission which includes briefings and meetings in London, The Hague, Rotterdam and Paris.
     
    Minister's office  - 9213 6400