Gasco

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Gasco is a Victorian-based combustion and process engineering company.

Established in 1991, Gasco has a wide range of Australian and international clients across various industries, including oil and gas (both onshore and offshore).

Gasco won a US$6.5 million contract to supply equipment to the Taweelah–Fujairah Gas Pipeline Project. This project involved the production and processing of natural gas from Qatar and transporting it by pipeline to the United Arab Emirates and Oman.

The contract was for the supply, erection and commissioning of two fired heaters, as well as providing training.

As a condition of the contract, Gasco needed to provide a performance bond and so we gave Gasco’s bank, ANZ, a guarantee so that this could be issued to Gasco’s buyer.

Our bond and guarantee facilities allow eligible Australian exporters to compete more effectively and confidently in global markets.

We also helped Gasco with a performance bond for a US$8 million contract to supply three fired heaters to a major Malaysian oil and gas company, which was involved in a large gas development project in Turkmenistan.

“Efic and ANZ’s financial assistance with the bond supports our cash flow, frees up our working capital and enables us to continue tendering for future projects.”
Nicholas Grzegorczyn
CEO, Gasco"

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