The potential for UK subsea expertise in Indonesia, Singapore and Malaysia is in the spotlight at the fifth annual Subsea Asia conference today.
Organised by industry body Subsea UK and sponsored by Aberdeen Wood Group Kenny (WGK), the event takes place at the Dharmawangsa Jakarta Hotel in Indonesia.
Subsea Asia provides a platform for suppliers in the offshore industry to meet potential clients and showcase technology and expertise that can meet the demand in Asia – a region which continues to grow despite the lower oil prices.
Subsea UK chief executive Neil Gordon said: “At a time when output from mature wells is declining and Asia’s need for energy is at its highest, operators are being pushed to explore more difficult fields in the search for oil and gas.
“This has led to growth in exploration and production in progressively deeper offshore fields.
“Indonesia, Singapore and Malaysia are collectively known as the Asian hub of subsea activity. Singapore has traditionally been the first port of call for UK companies who want to establish a presence in Asia, however, this is changing.
“In recent years a number of British companies have set-up local offices in Malaysia and, following increased inward investment, Indonesia is developing its port facilities to cope with expected growth.
“Subsea Asia provides an ideal platform for our members to meet key decision-makers within the Asian markets to exchange ideas and explore new business opportunities.”
Themes to be explored at today’s conference include market outlook, Indonesian field projects and deepwater developments and technologies. In addition, pipeline integrity and techniques for inspection, repair and maintenance are also on the agenda.