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Offshore Technology Conference 2016

If you happen to be an event professional working in the offshore energy industry, you probably know the Offshore Technology Conference 2016 (OTC). The OTC was orginally held in the USA as a forum for energy professionals to meet and exchange ideas and opinions. It is aimed to provide the attendees access to advance scientific and technical knowledge for offshore resources and environmental matters, as well as establish valuable professional contacts. OTC is now also organized in Asia and Brazil.
“As it has since 1969, the world came to OTC to make critical decisions, share ideas and develop business partnerships to meet global energy demands,” said Joe Fowler, OTC 2016 chairman. “The commitment from OTC’s volunteers and staff ensured, regardless of the price of oil per barrel, that OTC upheld its unwavering commitment to delivering attendees unparalleled information on new technologies and global developments. Also, revenue from OTC directly benefits the member programs of its 13 nonprofit sponsoring organizations.”
This year, only 68,000 attendees from 120 countries showed up for the event in Houston, Texas on 5 May 2016. The attendance has decreased from 94,700 attendees from 130 countries last year. Some suggest it might be due to the oil slump. However, the exhibition floor was still the third largest in the event’s history, at 672,300 square feet, including outdoor exhibits.

More than 2,600 companies exhibited, just slightly off last year’s figure of 2,682 and more than 2014’s 2,568. This year’s conference had more than 2,600 companies exhibiting. These exhibitors represented 47 countries, up from last year’s 37. There were also 300 new exhibitors. International companies made up 51 percent of exhibitors.

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OTC 2016 featured 11 panel sessions, 24 executive keynote presentations, and more than 325 technical paper presentations.

Increasing efficiencies while ensuring safe operations was a key theme at this year’s conference. Sessions covered new technologies which not only reduce costs to the operator but enhance the overall safety of the operations; cost-effective advances in well cementing technologies; and use of RFID to precisely track drill pipe for enhanced safety and efficiency.

The 2016 OTC University R&D Showcase featured leading-edge projects included drones in a wave prediction system; coatings which improve drill bit efficiency; and recalibration of drilling data from all the major ocean basins.

OTC’s Spotlight on New Technology Awards recognized 13 technologies for their innovation in allowing the industry to produce offshore resources, including one company in the category of Small Business Awards.

OTC is an annual event. OTC 2017 will be held May 1-4 at NRG Park. OTC Asia 2018 is planned for 20-23 March 2018 in Kuala Lumpur, Malaysia.

For more information about Offshore Technology Conference, visit www.otcnet.org.

Related: Top 10 Events Not To Be Missed In Singapore In 2016

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  • Good point. I hadn’t thuohgt about it quite that way. 🙂

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