Adelaide-based composites technology and service provider, Basetec Services, is making new international connections to become an important supplier to Australia’s growing oil and gas sector.
However, the success isn’t just on the home-front – the business is fast establishing a global reach.
Australia’s growing oil and gas production presented a significant market opportunity for composite piping products in high pressure upstream applications, however Basetec realised it would need a partner with complementary expertise to help build the specialised products to meet this demand.
It was with this in mind that Basetec established a relationship with Sinoma Jinjing Fiberglass Co, China’s leading non-metal materials manufacturer.
In 2013 the two companies signed an official cooperation agreement, witnessed by Premier Jay Weatherill and Vice Governor of Shandong province Xia Geng.
The cooperation agreement laid the foundations for a joint venture company based in Adelaide which is drawing on a global demand for high quality, anti-corrosive, composite piping products driven by the growing need for oil and gas infrastructure.
Basetec’s high-tech NovaFast Glass Reinforced Epoxy (GRE) high pressure pipes are designed, engineered and supported from their Adelaide office and sold to major projects in Australia and around the world. NovaFast is currently undertaking a number of technology developments that will underpin GRE as the clear material of choice for a variety of different critical applications.
Managing Director Charles Figallo said that the joint venture will increase Basetec’s Adelaide workforce from 35 to 100, also boosting other local firms which supply parts and provide technical support.
“These are highly skilled jobs providing opportunities in a growing sector,” said Mr Figallo.
“Our expertise in the resources sector also continues to grow through the provision of composite design, fabrication, installation and maintenance services particularly for water and mineral processing infrastructure”.
Basetec has gone on to successfully deliver work for clients including Santos, Origin Energy, Woodside Petroleum and BP.
Recently the company has established a presence in Malaysia through a distribution agreement with a local partner. Through this agreement Basetec has pursued a number of Malaysian-based opportunities, both onshore and offshore and has been successfully shortlisted on a number of these.
The company is also in advanced negotiations to establish a presence in the Middle East and is actively pursuing a number of opportunities in this region.
Mr Figallo says that Basetec views the South Australian unconventional gas sector as a growing market with opportunities for those poised to take them.
“With the experience that we have supplying to oil and gas projects across Australia, we believe that we are well-positioned to supply the expanding sector here in South Australia,” Mr Figallo said.
“We are a passionate South Australian based business and the future opportunities in South Australia are significant.”