Hon Simon O'Brien MLC

Hon Simon O'Brien MLC

Former Minister for Finance; Commerce; Small Business

    Positive results for Chevron JV

    12/02/2012 12:00 AM
     
    • Ongoing service and maintenance opportunities for 30-40 years
    • $12.8billion committed to local businesses

    Commerce Minister Simon O'Brien said the expected long life of projects like Gorgon and Wheatstone should provide ongoing service and maintenance opportunities for Western Australia’s local industry for the next 30-40 years.

     

    “The State Government supports locally-based businesses receiving full, fair and reasonable opportunity to participate in the resources market, and we seek feedback from international proponents such as the Chevron joint venture on their performance,” Mr O’Brien said.

     

    “This company’s campaign to highlight the economic and social benefits generated by its local operations is welcome news and it is important for both the public and Parliament to appreciate the full range of positive outcomes being generated by major investments in WA.

     

    “Chevron has demonstrated a strong commitment to sourcing locally where economically feasible.  The Joint Venture has committed $12.8billion locally relating to the Gorgon project.

     

    “The recently commenced Wheatstone development has already resulted in almost $4billion of contracts going to Australian suppliers - $3.2billion of this with WA companies.

     

    “Local activity has been stimulated by an extensive range of contracts covering areas including upstream construction, platform engineering, inspection services and logistics.

     

    “It should also be remembered that these projects don’t just have longevity but are responsible for significant upfront investment.

     

    “They will be providing ongoing service and maintenance opportunities for local industry for the next 30-40 years, which translates into jobs for West Australians.

     

    “This is why WA has the lowest unemployment rate in Australia.”

     

    The Minister said research and development; WA-based companies being promoted in other markets; and regional and community support, including indigenous initiatives, were other major contributions these projects made to the State’s social and economic wellbeing.

     

    Mr O’Brien encouraged other proponents to follow Chevron’s lead in presenting the public with a more complete and factual picture of its investment locally.

     

    “Resource development is and will remain the centrepiece of WA's economy and the Government will continue to support the outcomes highlighted in this campaign,” he said.

     

          Fact File:

    Minister’s office - 9213 6400