Colin Barnett

Colin Barnett

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George Cash

George Cash

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    Oil-storage vessel due to return to base after maintenance program

    29/10/1995 12:00 AM
     

    29/10/95

     

    A multi-million dollar oil vessel is expected to sail back to its North-West offshore base this week after the successful completion of a $7 million maintenance program.

     

    Mines Minister George Cash and Minister for Resources Development Colin Barnett inspected BHP Petroleum’s 100,000 tonne oil-storage vessel, Griffin Venture, during the final stages of the program which has created more than 100 jobs at the Fremantle wharf and led to millions of dollars being generated for Western Australia.

     

    Mr Barnett said the maintenance program could well prove to be an integral part of WA becoming the regional headquarters for the oil and gas industry in Australia and South East Asia.

     

    “This sort of extensive maintenance program has helped WA to forge a solid reputation in this specialised area and with the continued growth of the oil industry throughout the South East Asia region it can only mean more good news for this State,” he said.

     

    Mr Barnett said the maintenance program, commonly known as an FPSO (floating, production, storage and off-loading facility) was a prime example of the work which would be generated by the wave of resource projects coming on-stream in WA.

     

    Mines Minister George Cash said the Griffin Venture was an integral part in making WA the nation’s biggest petroleum producer.

     

    Mr Cash said once the vessel was on-line in BHP’s oil field in the Carnarvon Basin by early November the Griffin project had the capacity to produce up to 85,000 barrels of petroleum product a day.

     

    “The petroleum industry in WA has had an extraordinary year and projects like the Griffin Venture will help propel this State to be the nation’s leading oil producer for the first time,” he said.

     

    Petroleum production had increased by 40 per cent over the last financial year, worth an extra $974.4 million. The State’s total petroleum production during that period was worth $3.6 billion.

     

    Mr Cash said during the past year oil industry service companies had increasingly set up their organisations in Perth.

     

    The biggest catch was Coflexip, a French manufacturer of flexible deep-sea pipe which brought its $55 million dollar investment to Fremantle.

     

    “The fact that the Griffin Venture has come to Perth for maintenance - ahead of other main contenders, such as, Darwin and Singapore - further underlines the fact that WA has a skilled, diverse and internationally competitive oil industry services sector,” Mr Cash said.

     

    He said the success of specialised maintenance programs of this nature would open the door for further large projects, such as, Woodside’s FPSO Cossack Pioneer due to commence production later this year.

     

    “The program highlights that Fremantle and the Jervoise Bay region can be a competitive centre for complex maintenance and associated work for these vessels, which are an integral part of oil and gas operations,” he said.

     

    “This all helps to build a bigger and more comprehensive WA manufacturing/engineering base.”

     

    Media contact: Carolyn Vicars (09)  222 9699

                           Mark Thompson - 222 9595