OTC ANNOUNCES THE LAUNCH OF OTC ASIA IN 2014
News Release
Offshore Technology Conference
June 6, 2012
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<DIV><SPAN style="FONT-SIZE: 16px"><EM>New conference focused on Asian offshore
resource development</EM></SPAN>
<P><STRONG>Houston, Texas, USA and Kuala Lumpur, Malaysia (5 June 2012)
-</STRONG> The Offshore Technology Conference (OTC) Board of Directors is
pleased to announce it has approved the establishment of the Offshore Technology
Conference Asia. The initial event will be held in Kuala Lumpur, Malaysia, 10-12
March 2014 and as a biennial event going forward, will be located in prominent
cities throughout the region.</P>
<P>OTC Asia will be created under the same successful brand as the flagship OTC,
held in Houston; the Arctic Technology Conference; and OTC Brasil. The
technical programme will be developed with the 13 sponsoring organisations to
embrace a full spectrum of offshore technology. The conference will focus
on offshore resource development with an emphasis on subsea and above surface
facility issues.</P>
<P>A Malaysian Task Force has been created to work together to manage interests
in order to ensure the event meets the needs of the industry. The task
force comprises representatives from the national oil company, PETRONAS;
government agencies, the Malaysia Petroleum Resources Corporation (MPRC),
Malaysia External Trade Development Corporation (MATRADE), the Malaysia
Investment Development Authority (MIDA); and trade association, Malaysian Oil
& Gas Services Council (MOGSC).</P>
<P>“Asia is an increasingly important part of the world for oil and gas
exploration and development,” said Dato’ Wee Yiaw Hin, Executive Vice President,
Exploration & Production Business, PETRONAS. “A conference like OTC will
provide a platform for regional and international industry professionals to
exchange their knowledge, technology, and expertise; and will help the energy
sector reach its offshore potential.” </P>
<P>Forecasts show the regions expected recovery in offshore activity will
continue to significantly drive up demand for fixed, floating and subsea units
in the short term. Projects in offshore Malaysia are forecasted to see the
largest increase between forecast periods, with over USD 17 billion forecasted
over the next five years.</P>
<P>Dr. Emir Mavani, President and Chief Executive Officer of MPRC, says, “The
rapid economic growth in the Asia Pacific is driving demand for oil and gas. For
Malaysia, we are confident the opportunities in oil and gas sector, such as
upstream, downstream, and services, will spur more investments into this
industry. MPRC is pleased to see the inaugural OTC Asia happening in Malaysia.
The seamless synergy between PETRONAS, MIDA, MATRADE and MOGSC will give the
exhibitors and conference participants a fruitful and productive event at OTC
Asia. MPRC is pleased to be a part of this major event, and we look forward to
contributing in its success.”</P>
<P>If you are interested in participating in this event as an author, speaker,
programme committee member, exhibitor or sponsor, please contact <A
href="redir.aspx?C=4d4f3ef5c06547508783340583818b16&URL=mailto%3aotcasia%40otcnet.org">otcasia@otcnet.org</A>
or visit <A
href="redir.aspx?C=4d4f3ef5c06547508783340583818b16&URL=http%3a%2f%2fwww.otcasia.org"
target=_blank>www.otcasia.org</A> for further information.</P>
<P><STRONG>ABOUT THE OFFSHORE TECHNOLOGY CONFERENCE</STRONG><BR>Founded in 1969,
the Offshore Technology Conference is the world's foremost event for the
development of offshore resources in the fields of drilling, exploration,
production and environmental protection. OTC is held annually at Reliant Park in
Houston and bi-annually in Rio de Janiero. For more information, visit <A
href="redir.aspx?C=4d4f3ef5c06547508783340583818b16&URL=http%3a%2f%2fwww.otcnet.org"
target=_blank>www.otcnet.org</A>. </P></DIV></BODY></HTML>
<HTML><HEAD><TITLE></TITLE>
<META content="text/html; charset=unicode" http-equiv=Content-Type>
<META name=GENERATOR content="MSHTML 8.00.6001.19222"></HEAD>
<BODY>
<DIV><SPAN style="FONT-SIZE: 16px"><EM>New conference focused on Asian offshore
resource development</EM></SPAN>
<P><STRONG>Houston, Texas, USA and Kuala Lumpur, Malaysia (5 June 2012)
-</STRONG> The Offshore Technology Conference (OTC) Board of Directors is
pleased to announce it has approved the establishment of the Offshore Technology
Conference Asia. The initial event will be held in Kuala Lumpur, Malaysia, 10-12
March 2014 and as a biennial event going forward, will be located in prominent
cities throughout the region.</P>
<P>OTC Asia will be created under the same successful brand as the flagship OTC,
held in Houston; the Arctic Technology Conference; and OTC Brasil. The
technical programme will be developed with the 13 sponsoring organisations to
embrace a full spectrum of offshore technology. The conference will focus
on offshore resource development with an emphasis on subsea and above surface
facility issues.</P>
<P>A Malaysian Task Force has been created to work together to manage interests
in order to ensure the event meets the needs of the industry. The task
force comprises representatives from the national oil company, PETRONAS;
government agencies, the Malaysia Petroleum Resources Corporation (MPRC),
Malaysia External Trade Development Corporation (MATRADE), the Malaysia
Investment Development Authority (MIDA); and trade association, Malaysian Oil
& Gas Services Council (MOGSC).</P>
<P>“Asia is an increasingly important part of the world for oil and gas
exploration and development,” said Dato’ Wee Yiaw Hin, Executive Vice President,
Exploration & Production Business, PETRONAS. “A conference like OTC will
provide a platform for regional and international industry professionals to
exchange their knowledge, technology, and expertise; and will help the energy
sector reach its offshore potential.” </P>
<P>Forecasts show the regions expected recovery in offshore activity will
continue to significantly drive up demand for fixed, floating and subsea units
in the short term. Projects in offshore Malaysia are forecasted to see the
largest increase between forecast periods, with over USD 17 billion forecasted
over the next five years.</P>
<P>Dr. Emir Mavani, President and Chief Executive Officer of MPRC, says, “The
rapid economic growth in the Asia Pacific is driving demand for oil and gas. For
Malaysia, we are confident the opportunities in oil and gas sector, such as
upstream, downstream, and services, will spur more investments into this
industry. MPRC is pleased to see the inaugural OTC Asia happening in Malaysia.
The seamless synergy between PETRONAS, MIDA, MATRADE and MOGSC will give the
exhibitors and conference participants a fruitful and productive event at OTC
Asia. MPRC is pleased to be a part of this major event, and we look forward to
contributing in its success.”</P>
<P>If you are interested in participating in this event as an author, speaker,
programme committee member, exhibitor or sponsor, please contact <A
href="redir.aspx?C=4d4f3ef5c06547508783340583818b16&URL=mailto%3aotcasia%40otcnet.org">otcasia@otcnet.org</A>
or visit <A
href="redir.aspx?C=4d4f3ef5c06547508783340583818b16&URL=http%3a%2f%2fwww.otcasia.org"
target=_blank>www.otcasia.org</A> for further information.</P>
<P><STRONG>ABOUT THE OFFSHORE TECHNOLOGY CONFERENCE</STRONG><BR>Founded in 1969,
the Offshore Technology Conference is the world's foremost event for the
development of offshore resources in the fields of drilling, exploration,
production and environmental protection. OTC is held annually at Reliant Park in
Houston and bi-annually in Rio de Janiero. For more information, visit <A
href="redir.aspx?C=4d4f3ef5c06547508783340583818b16&URL=http%3a%2f%2fwww.otcnet.org"
target=_blank>www.otcnet.org</A>. </P></DIV></BODY></HTML>