ASIA'S largest oil and gas industry event - OSEA 2014 - comes to town this week. Featuring the broadest scope of the industry's value chain, with a predominant focus on oil and gas production, OSEA 2014 will see a significant number of companies offering products and services from floating storage & offloading (FSOs) vessels and floating production, storage & offloading (FPSOs) vessels to rigs and platforms.
This year's event comes at a time when oil markets are in a more volatile position. But that has not dampened optimism in the industry or among companies seeking out attractive opportunities that the sector still has to offer.
In fact, this year's event is bigger than before. With over 1,500 exhibitors from 49 countries and regions - some 60 per cent of the exhibitors are from overseas - OSEA 2014 has grown by as much as 13 per cent from its previous edition.
This year's event occupies 36,000 square metres of gross exhibition space - a 14 per cent increase from the nearly 32,000 square metres for its last edition in 2012.
Meanwhile, foreign participation has grown 15 per cent from 2012 to 2014 - from 13 to 15 international group pavilions.
The exhibition will showcase 19 group pavilions from Australia, China, Denmark, Finland, France, Italy, Germany, South Korea (new), the Netherlands, Norway, Singapore, Taiwan (new), Russia, United Kingdom and the United States. This marks a significant 33 per cent increase from 2012.
The international pavilions are formed by prominent marine associations, including the Netherlands Maritime Technology (NMT) and the German Marine and Offshore Equipment Industries (VDMA). The Singapore pavilion is formed by the Association of Marine Industries (ASMI).
The growth in interest this year comes not just from international participants but also from the local industry. According to the organisers of OSEA 2014, Singapore participation has risen 11 per cent from 2012 to 2014 - more than 600 Singapore-based companies, comprising home-grown as well as foreign-owned companies, will be present, compared to 484 companies in 2012.
The single largest booth is that of Russian gas company Gazprom.
The event has also attracted several first-time exhibitors including Nell Equipment, Edgen Murray, MAG Offshore, Simmonds, Garlock, Welltron, Eutex, Alfagomma, Velan, Paqell, Tetra Synergy, Top Hi-Tech, Korea Motoyama, Sammi Machinery, Benwin, Voith Turbo, Yokogawa and Mitsubishi Electric.
They join several industry names which have been stalwart exhibitors at the show. These include Leeden, Gaylin, Khong Lieng, Crawford, KS Distribution, IRO - The Association of Dutch Suppliers, Franklin, KTL Offshore, Kiswire, Chee Fatt, Allalloy Dynaweld, Damen Shipyard, Yantai CIMC Raffles, Semco Maritime, Durasafe, Dura-Metal, PH Hydraulics, Seng Heng Engineering, TMK, Toparts, Sea and Land Technologies, Gazprom, Kongsberg Maritime, Kwong Soon, Hydrodav, Canflex, Teledyne, BH Global, Galperti, Keppel, GEXRPO, RICO, Siemens, Bosch Rexroth, EDMY, Tencate and many more.
"In today's fast-growing and competitive industry landscape, the need for businesses in Asia to continuously innovate and level up operations and capabilities has never been more important," says Chua Buck Cheng, project director of engineering events at Singapore Exhibition Services, the organisers of OSEA 2014.
"By presenting a conducive industry sourcing platform and reliable knowledge centre, Singapore companies will be able to demonstrate their capabilities and impart know-how. Through OSEA, they will be well-placed to tap into the oil & gas industry and enhance their business proposition.
Besides finding out more about these companies at their booths, visitors to OSEA 2014 can also look forward to other highlights. For one, the conference component of the event offers delegates an invaluable chance to listen in on in-depth discussions that tackle the opportunities, challenges and trends surrounding Asia's oil and gas industry.
Featuring the theme "Unlocking the Full Potential of Offshore Reserves with Innovative Solutions", the conference has 12 tracks including three technical sessions and two workshops to address topics such as the outlook for oil and gas supply and exploration, resource management through oilfield recovery, and the latest developments and technologies in unconventional and deepwater environments. There are also specialised panel sessions as well as two workshops focusing on best practices in drilling & well design and asset integrity management.
Through these dialogue sessions, participants get to hear from more than 17 international and national oil company speakers, including representatives from ADCO, ExxonMobil, North Petro-Chem Corporation, ONGC, Petronas Carigali, PetroChina, SKKMIGAS and the Singapore Petroleum Company.
Key speakers at the event include John Westwood, group chairman of Douglas-Westwood, and Dan Eberhart, chief executive officer of Canary, one of the largest private oilfield services companies in the United States. Mr Westwood and Mr Eberhart will present a joint keynote talk on the future of oil & gas exploration and supply.
Other notable speakers are:
- Måns Lidgren, CEO of Rex International Holding;
- Christopher Newport, managing director of Corsair Petroleum;
- Lin Song, deputy project director and research engineer at PetroChina;
- Leong Seng Keat, CEO of Nam Cheong;
- Ken Tun, chairman and CEO of Parami Energy Group of Companies; and
- Robert Ziegler, head of deepwater drilling technology, Petronas Carigali.
"Since our establishment over 80 years ago, we have constantly been updating and maintaining a high level of capabilities in marine and offshore services," says George Ching, executive director of Kwong Soon Engineering. "From heavy structural construction to outfitting projects, we have built a reputation on quality service. Our participation in OSEA for the past two editions has provided us with an insight into industry trends and issues, thus enabling us to enhance our services and establish our network of specialist companies and overseas offices, as well as extend our partnerships with global agencies."
"From being a trading company specialising in the oil and gas industry, Exion Asia's growth has been both organic and through acquisitions," says Melvin Ong, deputy managing director of Exion Asia. "We now provide maintenance and engineering services to the oil, gas, petrochemical, offshore and power industries in the Asia-Pacific. Having consecutively participated in OSEA for the fourth time, we look forward to using this valuable platform to network and gain new perspectives into the industry, which will give us the opportunity to upgrade our services."
OSEA 2014 also comes with many firsts as the event has set out to present various new offerings. Firstly, it will include a new Vessels Track, which includes top ship manufacturers and operators such as Ampelmann Asia Pacific, MT-Marine, SBM Offshore and Wärtsilä Ship Design.
Secondly, it features a Country Focus Track, which puts the spotlight on key countries and regions, such as Australia and Indonesia, as well as on emerging countries and regions, like Myanmar.
The event will also feature a Digital Oilfields Track that provides practical tips on how oil and gas companies can implement their own digital oilfield framework.
One of the highlights this year is the inaugural OGmTech, which is a specialised event held alongside OSEA 2014 that focuses on manufacturing technology for the oil & gas industry. Designed to be a value-added platform, OGmTech will spotlight high-end precision engineering technologies and capabilities for the oil & gas sector.
The Singapore pavilion at OgmTech2014 is formed by the Singapore Precision Engineering and Tooling Association (SPETA).
Some of the metal-cutting machine tool exhibitors include Makino, HwaCheon, A-Tech Marketing (representing Toshiba and others), Ichi Seiki, Super Abrasives, Hi-Ten Steel and Asia Masima.
Meanwhile, the metrology (test & measurement) exhibitors include Mitutoyo, Faro, Advanced Gauging Solutions, Intec Precision Equipment, Measurite, NDT Instruments, V Eye Precision and Viscoy.
According to the conference organisers, pre-registered visitors to OSEA 2014 make up a list of the who's who in the oil & gas industry, both locally and internationally.
Some of these pre-registered visitors include Aker Solutions Drilling Technologies, Altus Oil & Gas Malaysia, ASL Shipyard, Baker Hughes, Bluewater Energy Services, BP Singapore, Brunei LNG, Cameron, Caterpillar Asia, Chiyoda Singapore, ConocoPhillips Singapore Operations, Defence Science and Technology Agency, Diamond Offshore Drilling, Dow Chemical, Dowell Schlumberger International, Emerson Process Management Asia Pacific, Exxonmobil Asia Pacific, Flowserve, FMC Technologies, Foster Wheeler Asia Pacific and GE Oil & Gas.
Others are Halliburton Far East, Hallin Marine Singapore, Jaya Shipbuilding & Engineering, Jurong Shipyard, Kencana HL, Keppel Shipyard, Korea Gas Safety Corporation, Malaysia Marine & Heavy Engineering, Murphy Oil Corporation, Petronas Carigali, PPL Shipyard, Saipem, Samsung Heavy Industries, SapuraKencana Drilling, SapuraKencana Petroleum, Sarawak Shell, Sembawang Shipyard, Shell Chemicals Seraya, Singapore Technologies Marine, Swire Oilfield Services, Technip, Unithai Shipyard and Engineering, Wartsila Singapore and Weatherford Asia Pacific.