OTC attendance remains strong; 94,700 attend from 130 countries

Experts from the offshore energy industry around the world came together May 4–7 for the 2015 Offshore Technology Conference (OTC) at NRG Park in Houston. With more than 94,700 attendees from 130 countries gathered at the annual conference, this year’s conference was the sixth largest attendance in OTC’s 47-year history.

The sold-out exhibition was the largest in show history at 695,005 square feet, including outdoor exhibits, up from 680,025 square feet in 2014. This year’s conference also had 2,682 companies exhibiting, up from 2,568 in 2014, representing 37 countries. International companies made up 42% of exhibitors.

“OTC continues to bring the world to Houston,” said OTC Chairman Ed Stokes. “The record-setting number of paper submissions ensured a high-quality technical program, covering the latest innovations and applications. Coupled with superb panels, in-depth executive keynotes, a new crop of Spotlight on New Technology award winners, and a record-setting exhibition, OTC drew everyone from CEOs to engineers to government officials.”

This year’s event featured 11 panel sessions, 29 executive keynote presentations at luncheons and breakfasts, and nearly 300 technical paper presentations. Speakers – including major, independent, and national oil companies; federal and regional government officials; and academics – presented their views on a wide variety of topics, including future industry directions, operational integrity, and risk management.

OTC’s Spotlight on New Technology awards recognized 17 technologies for their innovation in allowing the industry to produce offshore resources, including two companies in the new category of Small Business awards.

The conference’s focus on bridging technology was exemplified by the “Pumps and Pipes: Innovation in the Oil Field and Cardiovascular Medicine” technical session. Leaders from two of Houston's major industries – medicine, and oil and gas – discussed advances that could be shared to add value, reduce risk, and improve efficiencies.

Safety also continued to be a key area of focus at OTC. The Bureau of Safety and Environmental Enforcement (BSEE) announced the launch of the SafeOCS program, an initiative aimed at collecting and analyzing “near-miss” data to learn more about potential problems offshore and prevent them from becoming an issue. In addition, BSEE released its first-ever Annual Report, which presented the agency’s analysis of offshore activities and revealed a decline in incidents since the organization was created in 2011.

The Center for Offshore Safety hosted a breakfast session focused on “Improving Safety and Environmental Performance.” In addition, a technical session and lunch discussed ways to improve the effectiveness of safety and environmental management systems.

Additional conference highlights included discussions about the continued importance of deepwater exploration and the next emerging offshore plays. A panel session from the International Oil and Gas Producers shared thoughts about the need to simplify and standardize specifications to drive down costs and quicken the development of new projects, as well as to further improve safety.

The Pioneers of OTC Luncheon celebrated the long history and success of the conference and paid homage to the volunteers who have given their time and hard work throughout the years to make the conference what it is today.

OTC’s Energy Education Institute was attended by 200-plus Houston-area classroom teachers and 200-plus students. Teachers learned about scientific concepts of energy and its importance, and participating students saw firsthand the opportunities that the energy industry can offer.

Individuals seeking career advice or new opportunities were invited to participate in OTC’s Open Access Day, which provided free registration to 1,300 attendees seeking to tap into the conference’s networking opportunities. As part of the day’s programming, attendees learned how to build valuable relationships and sharpen their skills through two professional development sessions.

OTC also hosted The Rice Alliance Startup Roundup. At this new event, 50 emerging companies had the opportunity to meet one-on-one with investors. It offered a great opportunity for OTC attendees to learn more about these startups and enable potential partnerships and investments. The Next Wave, OTC’s program for young professionals, was attended by nearly 500 people and focused on how to face the challenges ahead for young professionals while recognizing the increased interconnectivity of this global industry.

The fifth Annual OTC Dinner raised US$250,000 for the Independent Petroleum Association of America (IPAA) and the Petroleum Equipment & Services Association (PESA) Energy Education Center for the benefit of the Energy Institute High School. During the dinner, OTC presented its 2015 Distinguished Achievement Award to Elmer Peter Danenberger for his significant contributions to offshore safety and environmental protection. The Distinguished Achievement Award for Companies, Organizations, and Institutions was presented to Petrobras for its pre-salt development. Ray Ayers, PhD, PE, was honored with the OTC Heritage Award in recognition of his 50+ years in offshore research and development.

OTC 2016 takes place May 2–5 at NRG Park in Houston. Founded in 1969, OTC’s flagship conference is held annually in Houston. OTC has expanded technically and globally with the Arctic Technology Conference, OTC Brasil, and OTC Asia.

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 ...