British Subsea companies urged to consider opportunities in Asia

The potential for British expertise in the subsea hubs of Indonesia, Singapore and Malaysia will be explored at the fifth annual Subsea Asia conference this week.

Organised by industry body Subsea UK and sponsored by Wood Group Kenny (WGK), the event takes place at the Dharmawangsa Jakarta Hotel, Indonesia tomorrow (Tuesday 24th November).

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 price.

Neil Gordon, chief executive of Subsea UK, 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 with key decision makers within the Asian markets to exchange ideas and explore new business opportunities.”

Themes to be explored at the conference include market outlook, Indonesian field projects, deepwater developments and technologies. In addition, pipeline integrity and techniques for inspection, repair and maintenance are also on the agenda.

James Tsang, WGK regional operations director, Asia, said: “We are proud to sponsor this event which is taking place in Jakarta for the first time and will bring together key regional players. There are significant opportunities for the subsea industry in Indonesia and indeed for the Asia region, and events such as this bolster the development of the sector in this area. Our partnership with Subsea Asia 2015 cements Wood Group’s on-going relationship with Subsea UK.”

Adapted from a press release by David Bizley

Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/23112015/british-subsea-companies-urged-to-consider-opportunities-in-asia/