UK subsea sector strengthens links with burgeoning Asian industry

Offshore staff

ABERDEEN, UKSubsea UK will be strengthening and expanding on links between British subsea companies and the burgeoning Asian industry when it hosts its biennial conference and exhibition, Subsea Asia, in Malaysia this week (June 11-13). 

With the Malaysian government recently approving new incentives for exploration activity in more challenging deepwater fields, the chief executive of Subsea UK, Neil Gordon, says this focus will not only place subsea at the heart of Malaysia’s renewed growth, but it will open up more opportunities for Scottish companies.  

Malaysia is keen to establish itself as the forefront of the Asian oil and gas market by 2017, with operators anticipating investments of almost £12 billion ($20.1 billion) in the region’s subsea capabilities and hardware over the next three years. Scottish companies are ideally placed to provide Malaysia with higher levels of technology, improved safety standards and engineering expertise – areas in which Scotland excels – as well as grown the £9 billion ($15 billion) revenue for the sector.

Neil McInnes, head of South East Asia for Scottish Development International, said that the event will give companies involved in subsea exploration and operations the chance to find out more about Scotland’s new innovation center for sensor and imaging systems (CENSIS) and how they can integrate leading research capability into new product development.

Subsea UK, supported by the Society for Underwater Technology and UK Trade and Investment, has drawn together a strong line-up of speakers for the conference in Kuala Lumpur. 

06/10/2014

 

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...