| Exhibition Title： |
4th Deepwater Asia Congress 2012 |
| Initiator： |
SZ&W Group |
| Undertaker： |
SZ&W Group |
| Date： |
2012-05-14 |
| Exhibits： |
Bali Island, China |
| Details： |
At present, offshore oil accounts for about 33 percent of the world total output, and the number will reach 35 in ten years, in which, deepwater oil has shown rapid growth, from 3 percent in 2002 to 6 percent in 2007, and will increase to 10 percent in 2012. According to forecasts, after 2015, deepwater oil will become the world's only oil output growth.
As the only OPEC member in Asia Pacific, Indonesia exerts significant role on the global energy market. Recently, the upturn of the oil price means that development and exploration of Indonesia’s deepwater fields is now economically viable. The Indonesian Government has highlighted several recent discoveries at deepwater sites as fundamental to the continued development of the nation’s petroleum industry.
Unexplored oil and gas reserves in eastern Indonesia could be vital to the country’s energy supply in future. While many oil and gas fields are maturing, continuing their natural decline, the government is optimistic that the frontier and deep water areas, mostly in eastern Indonesia, will contribute significantly to future production.
In addition to helping production companies, the Government initiatives saw the elimination of tariffs on importing equipment for offshore platforms and subsea exploration facilities. These policies are seen as key to encouraging suppliers of the advanced technologies that are required for the exploitation of ageing wells and enhancing production from marginal fields.
Based on the above conditions, we can see huge market opportunities in Asia, consequently, SZ & W Group decides to engage in the 4th Deepwater Asia Congress, for the purpose of gathering authoritative opinion leaders and experts in this industry to forge the most informative communication platform and business networking for our clients. |
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