First Gas Operator Venture

Information

Client: Colonial First State
Location: New Zealand
Scope: 2,500kms gas transmission and 4,800kms gas distribution pipelines
Date: 2016 - 2018
Project Length:
Value:

Industry

Operations & Maintenance

OSD’s Role

  • Technical & Commercial Due Diligence
  • Transition Services
  • Operations & Maintenance
  • Delivery of Capital Works

Summary

OSD provided technical and commercial due diligence services during the bid phase as well as business transition and separation services from the previous owner, Vector, to First Gas Limited. The transition occurred several months ahead of the original plan on 20 April 2016.

First State Investments, the owners of First Gas, and OSD then entered into an Alliance for OSD to provide operation and maintenance services to First Gas’s 2,500 km gas transmission and 4,800 km gas distribution pipelines across the North Island of New Zealand.

OSD’s achievements during the 2 years are many and include:

  • Providing transition services with Vector (the previous owner) transitioning out several months early
  • Increasing the focus on safety, including focus on process safety and on lead indicators
  • Providing scalable skills and resources, Augmenting engineering and project management capability
  • Planning and implementing an organisational restructure that reduced the operations cost base and improved efficiencies
  • Delivery of a FY17 capital program supporting the regulatory reset
  • OSD continually met or exceeded the joint venture key performance indicators

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To our valued customers

I am writing to you to formally announce the rebranding of LogiCamms and OSD to Verbrec. For the past two years these Verbrec wholly owned subsidiaries have continued to trade under their existing brand given the exceptional brand value and leading market… Read more

Linton Burns
Managing Director

OSD IS EVOLVING!

We are pleased to announce that we have changed the name of one of our key subsidiaries, OSD Pty Ltd to Verbrec Infrastructure Services Pty Ltd as of 17 October 2022.

Rebranding to Verbrec represents our evolution and continued growth by leveraging emerging technologies, thereby remaining at the forefront of an ever-changing industry. Evolution, engineered.

Verbrec has expanded its capabilities significantly to support our clients’ needs and built what we are today, a leading mid-tier engineering, infrastructure, and training company operating across the entire asset life cycle.

Important: Please note that this is a rebranding exercise and as such, will be a name change only; there is no other change to the details of the business. The entity’s beneficial ownership, ABN, registered address and all other relevant details remain the same.

Find out more about our history and plans for the future...