PNG’s resource sector drives demand for innovation #RegionalStartup

Media Release

4 November 2015

Papua New Guinea’s mining, oil and gas sector continues to drive the country’s innovation with an insatiable appetite new software and technology to make work faster and smarter, according to SourcePacifique CEO Pierre Elias.

The comments come as Mr Elias is meeting with more than a dozen of Papua New Guinea’s key resource sector players during his visit to the country this week.

SourcePacifique is a boutique software and technology company that operates across Asia and the South Pacific. Proudly Queensland owned and operated, it works with regional strategic alliance partners and trusted advisors to provide a local sourcing alternative for companies.

While PNG’s resource sector has enjoyed record growth in recent years, particularly because of gas production, Mr Elias said this had coincided with a drop in world commodity prices and global market volatility.

He said this had prompted local players to hunt for greater efficiencies through innovation.

“The global software and technology space is continually evolving and identifying better ways to streamline operations. Whether it is delivering paper-less processes, integrated management software or enabling GPS tracking of employees and equipment, the end goal is to save time and money,” he said.

“PNG is in a strong position because while projects in other parts of the world continue to grapple with older and less efficient technologies, here companies have been committed to deploying the latest innovation from the start. In turn, in PNG we’ve seen a flow-on effect to other sectors outside mining, oil and gas as they have been exposed to and also adopt these innovations.”

Established in Brisbane in 2011, SourcePacifique adds sustainable value through Information Technologies for resource companies operating in Asia Pacific.

“SourcePacifique specialises in introducing the right technology to its most demanding clients in the fastest growing markets,” Mr Elias said.

“PNG holds an enviable position as the leader of Melanesia, with a rapidly transforming economy and a commitment to adopting cutting-edge technology. The continued demand I’m seeing here is unlike anywhere else in Asia and the South Pacific.”

SourcePacifique’s service portfolio consists of 20 world class businesses: five Strategic Alliance Partners (software) and 15 Trusted Advisors (technologies).

ENDS. For more information:

Pierre Elias, SourcePacific, +61 400 402 723, www.SourcePacifique.com

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