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It’s often Voices not that we are

Globetrotting. OE sought to uncover which new offshore regions are being targeting targeted as potential new markets. Here’s what our think tank had to say: a new market, but that we are “Geographically, what offshore region will emerge next supplying markets our as a new market?” customers are targeting.

At present those markets

Chariot Oil are West Africa, Asia and

Southeast Asia is defnitely a growth & Gas is an

Australia. True to say, target for EV. Countries such a Vietnam exploration and Indonesia are developing fast both in however, that we remain company their wider economies and their oil and busy globally, in order to with a spe- gas businesses. Myanmar will almost satisfy the demands for cifc focus on the Atlantic certainly be next on the list. It is becom- oil and gas exploration margins - an area within ing much easier to do business in these and production.

countries and the potential is signifcant. EV’s downhole which it views to be of camera services are well suited to these markets and we prime geographic impor-

Nigel Haworth, have already done our frst jobs in Vietnam and Indonesia. tance for new market oil

Sandvik Global Sales

With the lifting of sanctions hopefully Myanmar will be and gas exploration. It has & Marketing Manager, next for us.

recently acquired licenses

Oil & Gas.

Francis Neill, CEO, EV Offshore Ltd.

in the Barreirinhas basin offshore Brazil, which lies conjugate to the salt basin of Ghana and Cote D’Ivoire, adding to its portfolio on Mexico is one of the largest oil producers in the world. Over recent years, production assets offshore Namibia, from shallow offshore felds has declined, however efforts have now been focused on

Mauritania, and Morocco. deepwater operations, which come with its own inherent risks and challenges. The

Chariot believes this acre- oil and gas industry in the region has been very committed to strengthening safety age to be within highly through operational and technological improvements for existing and future opera- prospective, underexplored tions. Crew transfer offshore is one of the most critical considerations as operators basins with the opportu- look to maintain effciency in ongoing projects, while putting in place systems which nity for the discovery of can effectively support the region’s ambitious growth targets.

large accumulations of hydrocarbons.

Grant Wintle,

Business Development Americas,

Larry Bottomley, CEO,

Refex Marine Inc.

Chariot Oil and Gas

The countries to come in offshore are: Brazil, Russia, and Ghana. Brazil’s Petrobras is continuing its huge long-term investment program in order to grow production output and commercialize the sub-salt discoveries. Russia is one of the world’s largest gas reserves and is sure to be a long-term player. For years, West Africa has been a major oil and gas market, with traditional primary focus on Angola and Nigeria, but there are promising growth op- portunities in Ghana.

Magnus Miemois, Vice President, Solutions, Wärtsilä Ship Power

Go to OEDIGITAL.COM and give us your opinion on this month’s topic!

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