Offshore Technology Conference Celebrates

Offshore Technology Conference Celebrates

50th Anniversary with a Focus on the Future

Global Perspectives and Technological Innovation Define 2019 Event

Houston, Texas, USA (9 May 2019) – Offshore energy professionals from around the world attended the 2019 Offshore Technology Conference—the 50th anniversary—at NRG Park to gain insights from global experts and colleagues. While speakers challenged ideas about the changing landscape of exploration and production, exhibitors displayed the impact of technology and digitalization on the science of energy supply and demand management.

“There were many measures of success for this year’s edition of OTC, and while it’s exciting that attendance was above average for the event, I’m even more gratified by the diverse representation of geographies, industries and topics,” OTC Board of Directors Chairman Wafik Beydoun said. “Beyond the hundreds of technical sessions and networking opportunities available, this year we featured numerous thought leadership discussions with energy executives, including an expanded global reach in our new Around the World series.”

From an international viewpoint, the inaugural Around the World Series offered analysis of offshore growth in nine featured countries—among them Mexico, Guyana and Ghana—and opportunities for investments and licensing.

OTC 2019 welcomed 15,281 attendees from outside the United States, a number that has increased for the last three years. Attendance from dignitaries, such as Korean Prime Minister Lee Nak-yon who visited the Korean Pavilion, further emphasizes the global reach of OTC.

Celebrating 50 years since its inception in 1969, OTC 2019 spent equal focus on the next half-century. The opening general session featured “The Next 50 Years of Offshore Developments," in which nine executives provided perspective on ensuring businesses are more resilient to face future challenges and adapting to an increasingly digital landscape.

“This year has been unparalleled in terms of showcasing the new technology that is driving our industry, both in efficiency and innovative solutions,” Beydoun said. “OTC continues to evolve in response to our changing world, this year including fourteen sessions dedicated to offshore renewables, which just further reinforces that this is not only the largest but the most impactful energy conference in the world.”

This year's conference spanned more than 564,000 square feet, with major equipment installations, holograms and interactive displays actively engaging 59,200 attendees from more than 100 countries. More than 2,300 exhibiting companies from 40-plus countries showcased the future of offshore activities. There were 328 new exhibitors, and international companies made up 52% of total exhibitors.

The OTC Golden Anniversary Gala Dinner raised $300,000 for Spindletop Charities, which provides programs for at-risk youth. OTC also recognized its Distinguished Achievement Award recipients: Carlos Mastrangelo for individual achievement, the ExxonMobil-operated Hebron Offshore Project for institutional achievement and a Hoover Medal for David Baldwin.

In its third year, the OTC Energy Challenge featured more than 70 local area high school students who worked to solve real-world energy challenges. With the aid of an academic coach and industry mentors, students competed in teams and presented their solutions to the OTC audience via a technical e-poster session. From Houston, The Village School won first place, Westside High School won second place and Chavez High School won third, winning scholarships totaling $12,000.

OTC also continued its hosting of the Rice Alliance Startup Roundup. Investors met one-on-one with 50 emerging companies to learn about their developing businesses and facilitate potential partnerships.

OTC 2020 will take place 4-7 May at NRG Park.

OFFSHORE TECHNOLOGY CONFERENCE[OTC] 2019

May. 8, 2019

Petrobras Executives to Discuss Brazil's Licensing Pre-Salt Rounds at OTC Brasil

Petrobras Executives to Discuss Brazil's Licensing Pre-Salt Rounds at OTC Brasil
Friday, September 15, 2017
Brazil is now the largest oil producer in Latin America, ahead of Mexico and Venezuela*. As a result of the government’s energy reforms, OTC Brasil is a timely venue for investment opportunities in the country.
Houston, Texas, USA (15 September 2017)— Pedro Parente, Petrobras CEO, Solange da Silva Guedes, Petrobras E&P Executive Director; and other executives, will emphasize the country’s many offshore opportunities when they speak at the opening plenary session of OTC Brasil 2017, 24–26 October in Rio de Janeiro.
"OTC Brasil 2017 is a symbol of the turning point about to occur in the state with the adhesion to the Tax Recovery Regime," explains Áureo.
With the theme, “Transforming Today to Power the Solutions of Tomorrow,” OTC Brasil includes 180+ high-quality papers, 26 technical sessions and 16 panels sessions covering field-proven technologies; pre-salt reservoirs; and challenges in drilling, completions, and subsea processing. Presented papers are included in the multi-society library, OnePetro.
“This year OTC Brasil will be marked by the optimism of companies who can benefit from the positive changes in Brazil’s regulatory environment,” said João Carlos de Luca, OTC Brasil General Chairman.
In addition to the technical program, the conference offers three topical luncheons with E&P business leaders focus on Brazil’s licensing pre-salt rounds, Libra development, market access, fiscal terms, and resources offering the most productive return on investment.
Other activities include the Youth Professional Program and the Distinguished Achievement Awards. Paulo Couto, TechnipFMC, and Shell BC-10 Life of Field Seismic Monitoring System will be recognized for individual and corporate achievements respectively. Awards will be presented by Pedro Parente.
For the first time, OTC Brasil will be held alongside Rio Pipeline, featuring a shared international exhibition with groundbreaking technologies, products, and solutions from Petrobras, Baker Hughes, a GE company; Chevron; Total; Shell; and other leading companies from around the world.
OTC Brasil has been held biennially in Rio de Janeiro since 2011. The conference is organized by the Offshore Technology Conference (OTC) and Brazilian Petroleum, Gas and Biofuels Institute (IBP) and supported by 15 engineering and scientific organizations who work cooperatively to develop the technical program.
To register or for additional information, visit go.otcbrasil.org/Pre-Salt.

May. 8, 2019

OTC Makes USD 200,000 Donation to Hurricane Harvey Relief

OTC Makes USD 200,000 Donation to Hurricane Harvey Relief
Thursday, August 31, 2017
Houston, Texas, USA (31 August 2017) – The Offshore Technology Conference (OTC) Board of Directors announced today that OTC is donating USD 200,000 to the Salvation Army for Hurricane Harvey disaster relief.

“Houston and Harris County are home to OTC and many of its exhibitors, attendees and volunteers. Our hearts are broken seeing all of the devastation that Hurricane Harvey and the floods are wreaking on our beloved city and the Gulf Coast region. We are eager to provide support in many ways including this financial gift.” says OTC chairman, Wafik Beydoun.

“This donation is only possible because of the support from our 13 sponsoring organizations, as well as corporate support from exhibitors and sponsors,” concluded Beydoun.

The Offshore Technology Conference was founded in 1969 by engineering and scientific organizations as a response to the growing technological needs of the global energy and environmental protection industries. The conference is held annually in Houston at NRG Park.

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ABOUT OFFSHORE TECHNOLOGY CONFERENCE
The Offshore Technology Conference (OTC) is where energy professionals meet to exchange ideas and opinions to advance scientific and technical knowledge for offshore resources and environmental matters. OTC has expanded technically and globally with the Arctic Technology Conference, OTC Brasil, and OTC Asia. For more information, visit www.otcnet.org.

May. 9, 2019

Korean Prime Minister Visits 2019 Offshore Technology Conference

Korean Prime Minister Visits 2019 Offshore Technology Conference
Thursday, May 09, 2019
Houston, Texas, USA (9 May 2019) – Korean Prime Minister Nak-yon Lee attended the 2019 Offshore Technology Conference (OTC) at NRG Park on Wednesday, 8 May, further emphasizing the global reach of the offshore energy industry.

“It was an honor to welcome Prime Minister Lee and have him experience everything that OTC has to offer,” OTC Board of Directors Chairman Wafik Beydoun said. “His presence symbolizes the importance and impact of our conference as well as the global presence of attendees from more than 100 countries.

In fact, a new OTC program at this year’s conference is the Around the World Series, where global industry leaders discuss new licensing and business opportunities and recently introduced technologies.

“Developments such as digitalization, automation, and machine learning are rapidly changing the industry, not to mention the introduction of marine renewables, which are sure to impact the diversity of the energy portfolio for years to come,” Beydoun said. “OTC is a place where global leaders, as well as industry professionals, come to collaborate for the benefit of the entire offshore energy industry. We were very pleased to have Prime Minister Lee here for our 50th anniversary.”

Since 1969, leaders in offshore energy have come to OTC to make critical decisions, share ideas and develop business partnerships to meet global energy demands. OTC remains the premier event in the offshore sector where energy professionals meet to advance scientific and technical knowledge.

OTC’s focus this year—its golden anniversary—is towards the next 50 years of offshore developments. More than 2,200 global companies displayed cutting-edge technologies, and offshore E&P executives provided their vision for preparing for the next 50 years.