Technological advancement is crucial to ensure offshore exploration is optimised. Regional industry players are still announcing new offshore discoveries and inking new drilling contracts to manage production and assets effectively.
The Offshore Technology Conference Asia (OTC Asia) - which will be held for the second time from 22-25 March 2016 in Kuala Lumpur, Malaysia - has announced the five technologies that will receive the prestigious Spotlight on New TechnologySM Award. The awards will be presented at 1530 hours on Wednesday, 23 March at the Kuala Lumpur Convention Centre.
New at OTC Asia, the Spotlight on New TechnologySM Awards – an exclusive programme for OTC Asia exhibitors – recognise the latest and most advanced hardware and software technologies that are propelling the industry into the future. This programme is a hallmark of Offshore Technology Conference’s (OTC) events worldwide, with only 20 Spotlight Awards presented each year.
In support and recognition of innovative technologies being developed by small businesses, OTC also features a Spotlight on New Technology Small Business Award.
“Our Spotlight Award winners embrace OTC’s mission to advance technical knowledge of offshore developments and environment-friendly innovations,” said Arnis Judzis, OTC Asia Oversight Committee Chairman and Head of Development and Innovation, Energy & Geoscience Institute, University of Utah. He added, “We look forward to seeing more advanced technologies and creative solutions being developed in Asia in the future.”
OTC Asia Spotlight Award Winners for 2016 are:
- Airborne Oil & Gas, producer of Thermoplastic Composite Pipe
- Frigstad Engineering, producer of Frigstad D90TM
- Halliburton, producer of CoreVaultTM System
- MIT Technologies, producer of iCWD (Intelligent Circulation While Drilling) tool *Small Business Award winner*
- Weatherford, producer of Weatherford Damaged Control Line (WDCL) SCSSV System
“I congratulate this year’s Spotlight Award recipients for helping the industry improve performance and increase productivity in an ever-more challenging oil-price environment. Cutting-edge technologies like these are always a highlight of OTC events, as they demonstrate the ingenuity and forward thinking that is advancing the industry to new levels of safety, productivity and efficiency,” said Joe Fowler, OTC Board of Directors Chairman and Co-Founder, Stress Engineering Services.
Source: OTC Asia