CATEGORIZED | News, The Offshore Frontier

OTC Asia to be launched in 2014 in Kuala Lumpur

Posted on 07 June 2012

Offshore Technology Conference (OTC) Asia will kick off 10-12 March 2014 in Kuala Lumpur, Malaysia, and will be a biennial event going forward. To be located in prominent cities through the region, OTC Asia will be created under the same brand as the flagship OTC in Houston. The technical program will be developed with the 13 sponsoring organizations and will focus on offshore resource development, with an emphasis on subsea and above-surface facility issues.

A Malaysian Task Force has been established, including representatives from PETRONAS; government agencies, the Malaysia Petroleum Resources Corp (MPRC), Malaysia External Trade Development Corp (MATRADE), the Malaysia Investment Development Authority (MIDA); and trade association, Malaysian Oil & Gas Services Council (MOGSC).

“Asia is an increasingly important part of the world for oil and gas exploration and development,” said Dato’ Wee Yiaw Hin, executive vice president, exploration & production business, PETRONAS. “A conference like OTC will provide a platform for regional and international industry professionals to exchange their knowledge, technology and expertise, and will help the energy sector reach its offshore potential.”

Forecasts show the region’s expected recovery in offshore activity will continue to significantly drive up demand for fixed, floating and subsea units in the short term. Projects offshore Malaysia are forecasted to see the largest increase between forecast periods, with over US$17 billion forecasted over the next five years.

Dr Emir Mavani, president and CEO of MPRC, said, “The rapid economic growth in the Asia Pacific is driving demand for oil and gas. For Malaysia, we are confident opportunities in the oil and gas sector, such as upstream, downstream and services, will spur more investments into this industry. MPRC is pleased to see the inaugural OTC Asia happening in Malaysia. The seamless synergy between PETRONAS, MIDA, MATRADE and MOGSC will give the exhibitors and conference participants a fruitful and productive event at OTC Asia.”

For more information about OTC Asia, click here.

Leave a Reply

*

FEATURED MICROSITES


Recent Drilling News

  • 22 October 2014

    Shell discovers gas in pre-salt reservoir offshore Gabon

    Shell announced a frontier exploration discovery offshore Gabon, West Africa. The well Leopard-1 encountered a substantial gas column with around 200 m net gas pay…

  • 22 October 2014

    Statoil proves new oil resources near Grane field in North Sea

    Well 25/8-18 S, drilled by the rig Transocean Leader, proved an oil column of 25 m in the Heimdal Formation. The estimated volume of the discovery…

  • 21 October 2014

    IADC Cybersecurity Task Group to provide industry guidance to assess risks

    The oil and gas industry is not immune to cybersecurity threats, from computer viruses and malware to targeted attacks. The IADC Advanced Rig Technology (ART) Committee…

  • 21 October 2014

    Check-6 launches RIGOR digital checklist and compliance system

    Check-6 has launched RIGOR, a checklist-based mobile app to help simplify complex procedures and mitigate human error on the rig. Taking lessons from the aviation industry…

  • 21 October 2014

    Video: Next IADC Land Contract update to start in 2016

    The latest version of the IADC Land Contract was released in November 2013. Various incidents, including Macondo, delayed the release. “It’s an industry contract…

  • Read more news