OSEA, Asia’s largest oil and gas exploration and production industry exhibition and conference, will feature a record 21,600 square metres of exhibition space this year, representing a remarkable 80 percent growth over the last show in 2006. Established since 1979, the biennial event is one of the most recognised industry events in Asia. OSEA2008 will be held from 2 – 5 December 2008 at Suntec Singapore.
Buoyed by the surging global demand for energy, oil and gas exploration and production have gone into overdrive to keep pace with developments. Unprecedented oil prices in the past year have propelled extraction and production at previously commercially-unviable sources of oil and gas. Notably, Asia-Pacific is expected to lead the world in total offshore oil and gas spending. A study by MacKay Consultants of Scotland showed that by 2009, the Asia Pacific will account for US$30.5 billion worth of oil and gas exploration and production expenditure.
Located strategically in Singapore, Asia’s largest oil and gas supply base and technology hub, OSEA2008 is expected to bring together 1,400 leading exhibiting companies from 49 countries to cater to the needs of the burgeoning operation in the regions of the Pacific, Southeast Asia and the Indian Ocean. 25 percent of these exhibitors are Singaporean-based companies while 75 percent are from overseas. 4 national and regional group pavilions will also be on show.
On hand to showcase the latest technologies and solutions in offshore exploration, recovery, transport, and processing are market leaders such as Ameron, Aker Yards, Bureau Veritas,
Dockwise, EATON, Fluor Corporation, FUGRO, Global Industries, Global Process System, Halliburton, IHC Merwede, Keppel Fels, Kongsberg Maritime, McDermott, Mustang, Lloyds, Nortechs FPSO, Swiber, Prosafe Production Services, Technip Subsea 7 Asia Pacific, Tyco Thermal Controls, Parker Hannifin Singapore.
OSEA2008 not only serves as a one-stop sourcing ground for regional exploration and production operations, it also acts as a global business networking platform for the industry. 16,000 business and thought leaders, industry professionals and government officials from over 60 countries are expected to attend the event.
As per official June 2008 statistics, India has its Oil & Gas industry estimated at 134.7 billion USD. With a refining capacity of 146 million tones per annum, it is the fifth largest oil refinery in the world and over next 4-5 years, India has broad plans to double this capacity. From net importer of crude oil, it has now moved to net exporter of oil. Inspite of this significant development, India still ranks sixth in world in concerns of oil & gas demand.
Against this backdrop of energy security and sustainability concerns, it is imperative to collaborate and cooperate to maximize the utilization of limited resources and exploration of new resources. Addressing the immediate issues faced by the industry as a consequence of rising demand and prices for oil, scope of OSEA2008 is designed to provide a balanced view of the opportunities evolving in the significant portion of the Oil & Gas value chain. It will also provide an excellent networking platform for local and international oil & gas companies, technology and equipment providers and other industry players in the hydrocarbon sector. OSEA 2008 with over 40 industry thought leaders and business luminaries will be great platform for India, opening up various avenues for Indian Oil & Gas industry which has been instrumental in fuelling the growth of the Indian economy.
“OSEA2008’s growth has positioned the event well to meet the spike in demand by the oil and gas companies as they capitalise on the opportunities on offer in the Asia Pacific,” says
Mr Tee Boon Teong, Project Director for OSEA at Singapore Exibition Services. “The event is a timely regional platform for constructive technology and market intelligence exchange, as well as business networking among the business and trade professionals in the industry.”
For more information about OSEA, visit www.osea-asia.com.
About Singapore Exhibition Services Pte Ltd
A pioneer of the fast growing and vibrant exhibition industry, Singapore Exhibition Services (SES) is Asia’s top organiser of trade events with a diverse portfolio of exhibitions and conferences in Communications, Engineering, Machinery and Lifestyle industries. SES events consistently attract a high level of overseas participation with foreign exhibitors accounting for almost 80% of the show floor. SES is a member of Allworld Exhibitions Alliance, a global network with over 50 offices worldwide. For more information, please visit www.sesallworld.com.
