OSEA – Asia’s largest Oil & Gas Event Expands Focus on Gas Amid Region’s Growing LNG Demand
15 August, 2018 | Singapore | OSEA2018 Press Release
Singapore, 15 August 2018 – Following a challenging period for oil and gas, Asia’s biennial flagship industry event OSEA emerges this year with a fresh new look, and an expanded focus on the burgeoning gas value chain in Asia. Staging its 22nd edition, OSEA2018 will be held from 27 – 29 November in Singapore, at the Marina Bay Sands.
With more than 1000 exhibitors from 48 countries/regions expected to take part this year, OSEA2018 will see the launch of a specialised segment at the exhibition – Gas Technology Asia, as well as new conference sessions covering the commercial aspects of increased demand and trade of liquefied natural gas (LNG) trade in Asia.
“What we have seen over the last few years of depressed oil prices and tough business climate, is a growing shift in Asia towards a focus on supplying for the LNG value chain. Aligned with the upturn in the demand for LNG, the new Gas Technology Asia will include suppliers for functions such as the transport, bunkering, treatment and liquefaction and distribution of natural gas,” says Carol New, Head of Sales for Maritime and Offshore, UBM.
According to GlobalData, 130 new crude and natural gas projects will start operations in Asia over the next eight years. By 2025, the projects will contribute around 518 thousand barrels per day (mbd) to global oil production and close to 11.5 billion cubic feet per day (bcfd) to global gas production.1
As the event positions itself to support businesses in preparation for the oil industry upturn and bright gas market outlook, the OSEA2018 International Conference, themed “From Survival to Growth in the New Era” has curated a programme that provides key strategies and business models to respond to market volatility, changing energy demands and industry disruption.
At the exhibition, the showcase will consist of the latest solutions and services that support Asia’s whole oil and gas value chain.
First-time exhibitor Uniclimb a Singapore-based company that specialises in rope access work for rig building, NDT inspection, servicing, and maintenance for the Marine Offshore, Oil & Gasand Structural Maintenance industries, will showcase the RIEZLER robotic camera crawler system for pipe and tunnel inspections. “Market sentiments have improved, and we feel it is a good time to increase our market presence in the region. We are looking forward to OSEA2018 to help connect us with major drilling contractors,” says Adrian Yeong, Managing Director, Uniclimb Services.
Also looking to capitalise on the upturn, long-time exhibitor and gasket, sealing and valve specialist Khong Lieng, is returning with a bigger presence. “The focus seems to be on onshore now. In fact, we’ve just secured a three-year contract with one of only two oil refineries in Vietnam, despite fierce competition from major contenders. As a licensed manufacturer of several major brands, we are able to combine their best qualities for the products under our own house brand,” says Edward Quek, Group Chief Operating Officer of Khong Lieng.
“We decided to get a bigger booth at OSEA2018 as we’re distributing more brands now, including global ones like Klinger, Garlock, Valqua, Jeil E&S, JDV, Zuercher Technik, Greene Tweed and Seal Maker. We are excited to showcase our new products as well, such as expansion joints and butterfly valves. OSEA is a great opportunity for us to build brand awareness – that we’re well-equipped as a gasket, sealing and valve specialist,” he adds.