Crestlink attracts finance for northwest Australia offshore supply base

Nov. 14, 2024
Crestlink has secured investment from Cerberus Capital Management for its planned marine supply and aviation base in northwest Australia.

Crestlink (ex-Kimberley Technology Solutions) has secured investment from Cerberus Capital Management for its planned marine supply and aviation base in northwest Australia.

Construction of the Cockatoo Island Supply and Support Base, reportedly a $300 million project, is due to start next year. It will include a deepwater port and aerodrome to support local offshore development, construction and operations, and monitoring of Australia’s borders.

The proximity of the location to offshore infrastructure should help energy companies reduce their marine gas oil consumption and Scope 3 greenhouse-gas emissions, Crestlink claimed.

Co-founder and CEO Eanna Doolin said, “Having deepwater access, direct shipping lanes and cross-docking facilities at Cockatoo Island can lead to meaningful reductions in operational expenditures and fleet costs.

“The development of an aerodrome on the island will also improve safety and efficiency for offshore energy customers by reducing airframe requirements for de-manning and re-manning platforms while improving search and rescue capabilities in the event of natural disasters.”

Main outstanding approvals are said to be in the final stages. The Western Australian government granted major project status to the development in 2019, with the Department of Jobs, Tourism, Science and Innovation appointed as lead agency.