2021 Annual General Meeting Summary
28 October 2021
The 2021 Subsea Energy Australia Annual General Meeting was held at The Melbourne Hotel on Thursday, the 21st of October. As always, we invited all our members and wider industry to join us to reflect on the past year and listen to our plans for the year ahead. Members Pipeline Actuation Control generously sponsored the evening.
During the AGM, Subsea Energy Australia’s Chairman, Marius Martens, talked about our industry promotion over the past year, starting with the Australian Subsea Suppliers Forum held at QV1. In 2020 the forum saw 20 member companies showcasing the best in technology and innovation in the subsea and ocean-based industry. The promotional efforts continued with the highly successful AOG Energy 2021, during which we hosted the Subsea Forum, the Australian Subsea Pavilion and facilitated vast amounts of industry engagement and networking. As the year progressed, we held another highly anticipated Australian Subsea Business Awards, where members reflected on the success of innovations and industry collaborations with their industry peers. In addition, the Australian Subsea Export Hub, an initiative of the Australian Government, has provided support to SMEs in their expansion into international markets.
With a continued focus on development, Subsea Energy Australia has been able to develop both WISE and WAVE further, focusing on developing a diverse and secure future workforce. WISE continues to grow and again delivered the Future Engineers Program and further developed the GI-WOW project. WAVE has delivered a series of educational panel sessions and has seen support and demand for this information rapidly grow. Subsea Energy Australia also continues to support the Joint Industry Mentoring Program, a co-hosted mentoring program involving Subsea Energy Australia, SUT Australia (Perth branch), Australian Society of Exploration Geophysicists, Engineers Australia, Petroleum Club of WA, Petroleum Exploration Society of Australia (PESA), Society of Petroleum Engineers WA (SPE), and Women in Subsea Engineering (WISE). Subsea Energy Australia’s commitment to development continued with research & capability mapping in collaboration with SICA, culminating in the Submerged Wiki page, a directory of member companies, their capabilities, and offerings.
As for finances and membership, the 2020/2021 financial year saw strong growth in the membership base, with a 45% increase in members. The Australian Subsea Export Hub funding allowed for significant financial support to be passed on to SMEs. An external accounting firm conducted an independent review of the financial year 2021 financials.
As we said farewell to board members Nat Broomfield, Jayanth Munipalli, and Kianoosh Rouzbahani, we were delighted to welcome our new board members Erin Coldham (Star of The South, Melbourne), Dean Campbell (Wood., Perth), and Michael Lewis (Baker Hughes, Perth).