Oil & Gas Exploration and Production Company Seeking Loan in Perth, Australia

- We are an Australia based renewable energy start-up that will be using transitioning of pre-existing oil platforms to generate energy through renewable sources (geothermal energy) as an alternative to crude oil. The business is a subsidiary of another parent company that is engaged in the training and skill development of professionals in the crude oil industry. The stake is being offered in the subsidiary and not the parent company.
- By re-using existing oil and gas platforms and by pumping geothermal heat instead of crude we not only create a renewable energy industry, but we also deliver a cheap and efficient new energy source that can replace traditional fuel options.
- We have already developed a working engineering plan and design for the projects and its required equipment. There is great scope in this industry.
- Geothermal energy is cleaner, more efficient, and more cost-effective than burning fossil fuels, and it can reduce our dependence on oil. There are currently no known competitors to our concept of recommissioning and re-purposing oil platforms for geothermal power production.
- Our current prospective clients are large companies like BP, Chevron, and Royal Dutch Shell. Already initiated conversations with Chevron and they have expressed a lot of interest in our idea.
- We already have contacts with 3 major turbine suppliers and refurbishing companies. We will be involved in the sales aspect and procurement of materials while the installation and refurbishing work will be sub-contracted to other companies. Our business will be headquartered in Perth, Western Australia, with sales offices in London, Houston, Bangkok and Kuala Lumpur.
- Post funding, it will take 2 years for us to start generating revenue. An average project will take 6-9 months to be completed with a cost of USD 100 million and an average profit margin of 15%.
- Both the promoters have a cumulative experience of over 100 years in this particular industry.