PennWell Corp. has announced that it will launch Offshore Asia, a conference and exhibition focusing on oil and gas exploration and development opportunities and challenges in the Asia-Pacific region. The event, the latest in a growing number of PennWell shows, will be held Jan. 17-19, 2006, at the Kuala Lumpur Convention Centre.
"Expanding economies and increasing demand for oil and gas in the Asian and Pacific Rim area are causing unprecedented growth in oil and gas exploration and production activity," Michael Silber, president of PennWell's Petroleum group, said. "To meet the demand for new technology and expertise, PennWell Conferences is proud to announce its new Offshore Asia Conference & Exhibition. Based on the success of other PennWell events, we expect over 1,000 attendees and 60exhibitors from around the world and from the energy centers of the Asia-Pacific area, including Malaysia, Indonesia, China, Vietnam, Australia/New Zealand, and India."
With spending for floating production facilities to exceed $1.3 billion in 2006 and the number of subsea trees to be installed per year to reach 45 by 2008, the offshore equipment and technology market is growing as never before, Silber said.
"As operators continue to explore new frontiers, the need to stay informed of trends and technology is greater than ever," Silber said. "The Offshore Asia Conference & Exhibition will fill a key role in facilitating the technology transfer necessary for the growth in E&P forecast for this rapidly expanding offshore marketplace."
The conference theme – Developing E&P Opportunities – captures the essence of the Asian offshore arena at this point in time – excitement, growth, change, and expansion, he said.