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 2012 is held for the 14th consecutive year.
Nortrade.com and Norway Exports are at OTD to market Norwegian opportunities to international visitors and exhibitors. OTD is the largest annual Norwegian oil exhibition and attracts over 330 companies as exhibitors, with 20,500 visiting professionals.
Picture: Samareh Bonakdar from Norway Exports at OTD
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. Source: www.offshoredays.com