The Wealth Beneath Our Feet - full report (6.4 MB ... - Venture Taranaki

Wells Instrument and ElectricalWells was formed in 1984 with a Taranakifocus on the local emerging petrochemicaland oil and gas industries.Initial contracts included the carrying out ofinstrumentation & electrical work on gas pipelineblock valve and compressor stations and on initialcommissioning activities on the “Gas to Gasoline”plant at Motunui. This enabled the company to developcapability and a positive client track record in the O&Gindustry. Wells has maintained ongoing relationships withindividual clients which now stretch to close to 20 yearsWells has been involved internationally in assisting withinstallation, commissioning and inspection activitiesfor oil and gas and hazardous chemical operators inAustralia, Japan, Singapore and New Caledonia. Recentprojects for Wells include the provision of over 100 trade/technical staff over an 18 month period for the executionof the I&E construction activities for the Kupe ProductionStation in South Taranaki and the carrying out of the I&Econstruction activities at the Contact Energy StratfordPeaker Power Station. The Wells Group currently employsover 475 staff and about 35% of its business focuses onthe oil, gas and petrochemical industry with another 55%in the wider energy sector.“Not only has the O&G industrybeen the backbone of Wells’ growthbut exposure to this industry hasbeen instrumental in the formationof our high-spec health and safety,and management systems. Thesesystems have, in turn, opened doorsto broader energy and industryprojects and formed an importantpart of our company philosophy,competitive advantage and point ofdifference. So the benefits for us notonly include the O&G work itself, butthe opportunities and in-roads it hasprovided for wider leverage”.Graham WellsManaging Director, Wells Group Limited40The Wealth Beneath Our Feet