Operations and maintenance, inspection, asset management, information technology and health and safety have been identified as the most likely growth areas in the Australasian oil and gas market says Bill Hare, event director of Australasian Oil and Gas.
Hare told AOG that some interesting discoveries have also opened up new plays in Australasia, and there will be a lot of interest in the upcoming exploration program in the Great Australian Bight.
“The possibility of a continuing low oil price environment will restrict CAPEX and exploration expenditure, so that is a major challenge for everyone,” he said.
“To meet this challenge, it is important that the industry and government be more innovative, collaborative and become more efficient.
“With the transition to an operational phase, there is also the challenge of ensuring Australia does take its place as a world-class produce and that the industry is well prepared for the operations and maintenance challenges.”
Compared to other regions, Australia also has the extra challenge producing from and operating new LNG projects located away from major cities, and in some cases, in quite remote areas. “Creating the support networks for those projects in a cost-effective manner is a major challenge,” Hare said
“It is important for everyone to keep an eye on the long-term. It has been shown during these down periods that companies that continue to market themselves at events will be the ones that come out of the other end stronger.
“In these changing times for the global oil and gas sector, collaboration between operators, service providers and the government has been identified as a critical component in helping to overcome the effect of low oil prices.
“The AOG event has always had a strong reputation for helping to develop a collaboration between the industry and the government, and we believe our overall theme of ‘Collaboration’ for 2016 is particularly timely and topical.
“We continue to receive strong support from major subsea companies, as well as key subsea industry bodies such as the Society for Underwater Technology (SUT), Subsea UK and Subsea Engineering Associates (SEA).
“Subsea has historically been a major focus at the event and with considerable current and new subsea activity occurring off the Australian coast and in this region, it remains an important sector," he concluded.
Image: Bill Hare / AOG
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