Fuelling Asia’s Oil & Gas Growth at OGA, 2015
OGA 2015 promises to tackle some of the oil & gas sector’s ongoing challenges, but also identify the latest opportunities in the industry
In the past decade, Malaysia's oil, gas and energy (OGE) industry has been contributing about one-fifth to the national GDP. In line with this, the region's number one oil & gas event, OGA 2015, organised by Malaysian Exhibition Services Sdn Bhd, aims to tackle ongoing challenges and emerging opportunities in the Asian oil & gas industry.
As part of the Economic Transformation Programme (ETP) that will propel Malaysia forward into a truly developed nation, the OGE sector is targeting five percent annual growth in the years leading up to 2020. The 12 Entry Point Projects (EPPs) and two business opportunity thrusts identified are projected to deliver RM131.4 billion in Gross National Income (GNI) and create an additional 52,300 jobs in the OGE sectors.
Faced with maturing oil fields, declining domestic production and a finite fuel source in the face of accelerated economic growth, the main challenge for energy suppliers is not just the availability of alternative energy supply but also the commercial potential of these resources. The oil & gas Asia 2015 (OGA 2015) exhibition, which will be held from 2-4 June at the Kuala Lumpur Convention Centre, will see some 23,000 visitors arriving on our shores throughout the duration of this event.
About 2,107 companies from more than 50 countries in the oil & gas sector are expected to gather under one roof to showcase their products and services this time around. In line with Malaysia's aspirations to emerge as the regional oil & gas hub by 2017, the 15th installation of the Asian Oil, Gas & Petrochemical Engineering Exhibition will serve as a crucial platform for exhibitors, trade visitors and delegates to converge, discuss and deliberate on the industry's challenges and opportunities.
“OGA 2015 is certainly timely given the various challenges plaguing the global oil and gas industry, particularly in terms of sustainability. A crucial part of developing the local OGE sector rests on forming strategic partnerships and joint ventures between local and foreign governments, government entities and organisations. OGA provides a platform for local players to not only enhance their capabilities but also launch onto the global stage. At the same time, foreign companies are able to tap into the local strengths and expertise,” said Dato' Ramli Md Nor, Group Executive Chairman of The OLIO Group, a credible service provider and supplier of marine & oilfield services, well services, process packages, mechanical & electrical and water system.
“The OGA series has proven to be a valuable platform for us to showcase our latest technologies, products and services in line with our constant efforts to offer the best solutions and most innovative technologies to meet the world's energy challenges. It is a priceless opportunity to exchange ideas and share knowledge on the industry's best practices, and keep abreast of the latest developments in the world of oil, gas and energy,” said Syed Feizal Syed Mohammad, Senior Vice President, Malaysia of Technip, a world leader in project management, engineering and construction for the energy industry.
Considered the region's number one oil & gas event, OGA 2015 is poised to be yet another record-breaking showcase of the latest technology, equipment and machinery in the fields of oil, gas and petrochemical engineering.
“As a leading regional player in the oil & gas industry, UMW oil & gas aims to add robustness to upstream activities of the oil & gas industry, mainly through drilling and oilfield services. We offer top-notch drilling capabilities and state-of-the-art threading, inspection and repair services to support the petroleum and petrochemicals industry. OGA 2015 will provide us with an ideal opportunity to showcase our services to the world, and engage with other local, regional and global players to address the key challenges and trends affecting the oil & gas industry. This is in line with our vision to position ourselves as a strong global player in the long run,” said Rohaizad Darus, President of UMW Oil & Gas Corporation Berhad, which is headquartered in Kuala Lumpur.
Since its inception, the OGA series has continued to highlight Malaysia's strategic advantages as an oil and gas hub in this region, and created countless opportunities for collaborations between foreign and local players. OGA 2013 boasted a record-breaking attendance of 29,770 (including trade visitors and exhibitors), while providing various opportunities for collaboration between government entities and private companies.
“OGA 2015 is set to be another record-breaking event. One of the special features of this year's show is the 5th Annual HSE Excellence Forum in oil, gas & petrochemicals, organised by Fleming Gulf Conferences, which will be held alongside OGA 2015. We also look forward to hosting 16 dedicated international pavilions as part of the exhibition showcasing their respective technologies and services,” said Tan Sri Asmat Kamaludin, Chairman of Malaysian Exhibition Services Sdn Bhd (MES), organisers of the OGA 2015.