Dateline 2014-02-24, Business Times:
PROJECTS in offshore Malaysia are forecast to see the largest capital expenditure rise in the Asia-Pacific region at more than US$59 billion (RM177 billion) over the next five years, according to an oil and gas industry research.
The Regional Perspective Offshore Asia Oil and Gas Market Report to 2015 is forecasting that deepwater developments in Malaysia will continue to gather pace, with 84 fixed platform units and eight floating production units to be installed between 2011 and 2015.
Given such a scenario, Malaysia, in particular Petroliam Nasional Bhd (Petronas), has made the right decision to host the Offshore Technology Conference (OTC) Asia this year to provide a platform for industry professionals to share their technical knowledge and experiences.
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