OTC Asia: Meeting Asia's Rising Energy Demands
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Global Marine Systems Limited looks ahead to Asia’s largest offshore energy technology conference in Kuala Lumpur, where it will be exhibiting between 22 and 25 March.
The annual Offshore Technology Conference (OTC) Asia is the foremost gathering for companies and professionals working in the offshore energy industry in Asia. The opportunities and challenges for these organisations are vast.
Demand for energy in this region is forecast to surge over the coming decades, with the IEA's New Policies Scenarios having predicted a demand increase of 80% between 2013 and 2040 in South East Asia alone. And as China's economy further develops, so too will its appetite for energy. With a vast industrial output and a population of more than 1.3 billion, China overtook the USA as the world's biggest energy consumer some six years ago – while last year it became the world’s largest net oil importer. Its energy consumption surged by 500% between 1980 and 2012 – and even if they start to move away from heavy industry, it's increasingly consumer led economy and vast population will guarantee energy demand continues to rise.
Renewables in Asia
The success of the Paris Agreement last December underlines the global desire for cleaner, more sustainable energy sources. As such, design and installation of renewable energy infrastructure will be high on the agenda at OTC Asia. As well as promising cost-effective energy, renewables could have a profoundly positive effect on the planet's environmental health.
Oil and Gas
But it will be some decades before Asia – and indeed the world – fully migrates to renewables. The oil and gas sector still has a vital role to play in ensuring the world's population has the energy it needs to prosper. In Asia, oil and gas demand continues to grow. The IEA estimates that by 2018, demand for oil in ASEAN (Association of Southeast Asian Nations) countries will outstrip local production by around 200 per cent – with an import dependency of 64%.
By contrast, the ASEAN region is set to be a net exporter of natural gas by 2018, with an import dependency of -23%.
Global Marine Systems Limited
Asia offers a vast array of opportunities in the oil and gas sector – opportunities that Global Marine are ideally positioned to help realise. Our team is delighted to be exhibiting at Kuala Lumpur at OTC Asia this year.
165 years in the making
With more than 165 years of experience in subsea cable design, installation and maintenance, Global Marine possesses a depth of experience rivalled by few others. Within the oil and gas sector Global Marine occupies a prime position, having delivered a range of innovative cabling solutions for energy companies of all sizes.
Complete range of services
Underpinning the success of Global Marine in meeting and exceeding its client's goals are highly experienced and skilled personnel. Supporting our vital human resources are capable vessels and submersible equipment, enabling Global Marine to provide a full range of installation and engineering services around the world. These include: Permanent Reservoir Monitoring systems (PRM), platform-to-platform connectivity and complete platform to shore installation services.
Internationally, Global Marine has delivered on a range oil and gas projects, including: laying fibre optic cables in Papua New Guinea; delivering inter-platform connectivity in the North Sea; and providing platform cable installation and ROV burial in Mexico.
Learn more about our work in the oil and gas sector.
Speak to us at OTC Asia
Global Marine is relied upon by oil and gas concerns worldwide to design, engineer and install subsea cable networks in a variety of shallow and deep-sea locations. Our exhibiting team in Kuala Lumpur will be delighted to discuss any aspect of these service provisions at this year's OTC Asia.
We hope to see you there.