CHC eyes SE Asian greenfields

AS IT pursues an “extend and defend” strategy in Australia, CHC Helicopter’s new Asia Pacific regional director Vince D’Rozario told Energy News that the company is actively pursuing greenfields work in Southeast Asia, where it sees a growing market.

CHC eyes SE Asian greenfields Vince D'Rozario.

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D'Rozario is uniquely placed to know where the best projects are in Southeast Asia having just spent eight years at Jacobs Engineering in Singapore, most recently as vice president - Asia, procuring and leading projects supporting the likes of Shell, BP, ExxonMobil and Chevron, all of whom he is now dealing with in Western Australia.
 
Now in his ninth week at CHC in Perth, D'Rozario has already identified several opportunities that multinationals are looking to develop with national oil companies in blocks offshore Vietnam, Thailand, Malaysia, the Philippines and Indonesia.
 
D'Rozario, an electrical engineering graduate from the University of Victoria, started his career in that field working on a variety of oil and gas projects before moving to Aker Kvaerner where he worked on multiple engineering, procurement and construction projects. 
 
From there, he joined Global Process Systems as Asia-Pacific regional director and general manager in both Singapore and Indonesia.
 
While it was gas demand from that region that helped build Australia's LNG sector the region's countries are now looking to source their own own hydrocarbons, and D'Rozario says there are "numerous opportunities coming up".
 
"While in Australia it's about extend and defend, where you can, with good production profiles, the growth for new greenfield work is actually Southeast Asia," D'Rozario told Energy News. 
 
"So we're actively looking around in Malaysia, Thailand, Philippines, Myanmar, Indonesia where heli services might be needed."
 
He said Southeast Asian oil and gas fields are cheaper to commercialise as they're less complex than as those off WA's north-west coast, which are deep and more costly to develop.
 
"These fields in Southeast Asia are in shallower water so have more chance of coming up as a project financially, and I can bring that knowledge to CHC as to which ones to target, bringing in some of my past history into our strategy," he said.
 
"China and Japan are big LNG consumers, but in Indonesia there is need for the equivalent of $15 billion in investment in power stations.
 
"Doing that in an archipelago of islands is tough, so the solution would be the LNG comes in, gets re-gassed via an FSRU, then pipe it onshore into a gas-fired power station which is more environmentally friendly than a coal-fired one and cheaper to run than a hydro one."
 
While Gorgon, Prelude, Wheatstone and Inpex will keep CHC busy for decades to come, with all those projects just at the start of their lifespans, there will be slim pickings for Australia in terms of greenfields projects.
 
"With no greenfields to bid on - Prelude one of the last - there is a good solid base of work there for oil services providers, so it's about being fit and agile enough to retain the ones you have and pick up new ones in the same patch," D'Rozario said.
 
Being "fit and agile" means working out which platforms to use which original equipment manufacturers are constantly bringing to market, to see they are appropriate to suit the missions of CHC's clients, the operators.
 
"The downturn has reflected on the operators' entire supply chain, so we've been much more careful  listening to what they're looking for more cost-effective solutions, like sharing arrangements, consolidating across a number of customers," he said.
 
Earlier this month CHC launched a new brand including a refresh of the current corporate logo, company positioning statement and colours that captures both the company's early heritage as Okanagan Helicopters and an update to its current hummingbird logo.   

 

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