Record Breaking Participation at OSEA2010
OSEA2010 backed by global business and industry visionaries as the most eminent oil and gas business event for the region
Singapore, 3 December 2010 – OSEA2010, the largest edition in the trade event’s 34-year history, drew its curtains today with a record participation of over 25,000 attendees, beating initial projections. This is an increase of 25 percent compared to 2008. A truly international networking event for the oil and gas industry, OSEA2010 attendees hailed from over 60 countries and regions.
“The International Energy Agency reported that global oil demand is expected to reach 87.3 million barrels per day this year. That demand will be largely driven by Asia. China and India alone are expected to consume almost a third of the world’s energy by 2030. As a corollary, the growth opportunities for the oil and gas industry are and will continue to be in Asia,” Mr S Iswaran, Senior Minister of State for Trade & Industry and Education, declared while officiating as Guest of Honour at the OSEA2010 Opening Ceremony.
OSEA’s position as the premier sourcing ground in Asia for the best-of-breed surface and subsea technologies will continue to grow as global offshore operations and maintenance spend looks set to exceed US$330 billion from 2010 – 2014.
Speaking at the inaugural OSEA2010 Leaders’ Summit, Douglas-Westwood Chairman, Mr John Westwood painted a picture of strong growth for the offshore sector. “Of the major sources of oil remaining to the IOCs, Deepwater offers the best future opportunity,” he concluded, adding that deepwater production is expected to grow 99 per cent. Capex spend will reach the new heights of US$137 billion over the next five years.
“The show continues to see growth potential as more investments in new oil and gas technology and services are anticipated with deeper water development,” said Mr. BT Tee, Project Director of OSEA at Singapore Exhibition Services (SES). “We are already receiving requests from group pavilions for floor space expansion for OSEA2012.”
Visitors to OSEA2010 were similarly impressed by the scale and quality of the show, which offered them a one-stop sourcing ground for their companies’ needs. The show received visitor group delegations from major oil and gas players including Acergy Singapore, Cameron Malaysia, The Ministry of Energy Thailand and VietGazprom.
The OSEA2010 International Conference also received rave reviews from its speakers and delegates. Its OSEA2010 Leaders’ Summit, Exploration and Production Conference and Gas Technology Conference saw capacity crowds eager to gain insights to various topics prevalent in today’s oil and gas industry from the industry’s best minds.
OSEA2012 will be held from 27 – 30 November 2012 at Marina Bay Sands Singapore.
OSEA2010 in pictures: