The Norwegian Continental Shelf is facing a record investment boom, with respectively NOK 240 and 280 billion in 2012 and 2013. Over 200,000 people work directly or indirectly in the Norwegian petroleum activities. This is the backdrop for the Offshore Technology Days (OTD) which in 2010 is held for the 10th consecutive year.
OTD is organized by Offshore Media Group, which since 1982 has focused on the Norwegian continental shelf and its supplier industry. Oil and gas findings from this decade still play a major role and will in 2030 account for 35% of total production. This means that hundreds of billion of dollars will be invested in a handful of old large fields. Investments in new infrastructure or new platforms in the existing fields are estimated to total NOK 87 billion in 2011. In addition, there will be heavy investments in exploration activities and new installations.
This means that oil companies will demand reliable products and new technological solutions from a wide range of Norwegian and foreign suppliers. OTD is the largest annual Norwegian oil exhibition and attracts over 220 companies as exhibitors, with 10,000 visiting professionals. What is than more natural than to market your goods and services here?
OTD represents the Norwegian Continental Shelf. With a dense and concentrated exhibition area and a famous Oktoberfest, the OTD is a natural gathering place for large and small suppliers. The last four years, the show has been sold out with long waiting lists, and feedback from the exhibitors shows that they are getting business out of their OTD participation.
So welcome to the Offshore Technology Days!