Subsea UK will be strengthening and expanding on links between British subsea companies and the burgeoning Asian industry when it hosts is biennial conference, Subsea Asia, in Malaysia this week (11 June).
With the Malaysian government recently approving new incentives for exploration activity in more challenging deepwater fields, the chief executive of Subsea UK, Neil Gordon, says this focus will not only place subsea at the heart of Malaysia’s renewed growth, but open up even more opportunities for Scottish companies.
“Malaysia is keen to establish itself as the forefront of the Asian oil and gas market by 2017 with operators anticipating investments of almost £12 billion in the region’s subsea capabilities and hardware over the next three years. Scottish companies are ideally placed to provide Malaysia with higher levels of technology, improved safety standards and engineering expertise - areas in which Scotland excels – as well as grown the £9bn revenue for the sector. ”