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

  • 15 April 2015

    DNV unveils Recommended Practice to standardize steel forgings for subsea applications

    Steel forgings are important building blocks for subsea components and are often tailored to meet end-users’ specific requirements. This results in long delivery times...

  • 14 April 2015

    BSEE issues proposed BOP, well control regulations for public comment

    On 13 April, US Secretary of the Interior Sally Jewell announced proposed regulations that call for more...

  • 14 April 2015

    Wood Mackenzie: Deeper cuts may be needed to achieve cash flow neutrality

    The rapid and aggressive response by oil and gas companies to low oil prices has stabilized the sector...

  • 13 April 2015

    UKOG completes Weald Basin PEDL126 acquisition from Magellan

    UK Oil and Gas now holds 100% interest in the Weald Basin onshore license PEDL126 after acquiring...

  • 13 April 2015

    Noble Energy to drill Humpback, Rhea offshore Falkland Islands this year

    Noble Energy has acquired a 75% interest and operatorship of the PL001 license in the North Falkland Basin from...

  • Read more news