The 2020 edition of Offshore South East Asia (OSEA) will take place at The Marina Bay Sands from 24-26 November 2020. The Dutch Pavilion is organised by Netherlands Maritime Technology (NMT) in close cooperation with IRO.
First launched in 1976, OSEA has since grown to be the largest and most established oil & gas industry event in Asia. OSEA has been delivering content that is most sought after by trade professionals and continues to remain relevant by being acutely aware of the industry’s trends and needs.
Backed by strong support from the oil & gas community, OSEA has consistently attracted a high level of international participation. At OSEA 2018, close to 1,000 exhibitors and 16 international group pavilions showcased an extensive range of equipment, innovations, and services for 15,000 trade visitors from 65 countries/regions.
- LNG demand continues to grow rapidly in Asia, driven by strong consumption in fast-growing Asian economies and international gas trade. Strong growth in Asian gas consumption can be seen as China is expected to account for more than 40% of global gas demand growth in 2024 due to coal-to-gas switch policies. Increase in M&A activities and emerging structural changes in the energy landscape is happening in the region.
- Murphy Oil sold Malaysian operations to PTTEP for $2.1 billion and potentially $50 billion of oil and gas assets change hands in Australian region. Asia’s oil and gas opportunities expanded with the introduction of Enhanced Oil Recovery (EOR) & Improved Oil Recovery (IOR) technologies in the market (potentially in Indonesia for Pertamina blocks) and decommissioning activities (West Australia, Gippsland Basin, Otway Basin).
- Australia become the largest LNG exporter surpassed Qatar with their on-going Burrup Hub and LNG long-term contracts. LNG liquefaction plants continue to see investments, upstream investment linked to this. New floating technology types being explored to develop marginal (1Tcf) fields.
IRO and NMT members EURO 850,– p/m2