News // Off-shore drilling
DNV has launched a Deepwater Technology Centre in Singapore
09 January 2012 , 16:49Neftegaz.RU1463
The aim is to serve the oil and gas industry in the whole Asia Pacific region and to become a sizeable and complete competence centre for deepwater oil and gas developments.
“The establishment of the new Deepwater Technology Centre in Singapore has become a reality due to a very constructive cooperation with Singapore’s Economic Development Board (EDB),” said Remi Eriksen, who is in charge of DNV’s operations in Asia and the Middle East.
The deepwater market will experience massive investments and consistent growth. In the next five years, the deepwater capital expenditure (capex) is expected to increase by more than 200%, totalling US$21bn, and be the highest capex after the Golden Triangle consisting of Brazil, the Gulf of Mexico and West Africa.
Given its sheer size and diversity, the Asia-Pacific is facing vast challenges as the countries in this region present different maturity levels in exploration and production activities.
However, new technologies – or the lack of experience with proven ones – also bring uncertainties that need to be properly addressed in the conceptual phase.
Availability of qualified human resources, increased local content vs. installed capacity, new entrants, stricter operational safety requirements and new regulatory frameworks, and societal pressure add complexity to the traditional technical challenges.
Singapore’s outstanding global competitiveness supports its ambition of becoming a regional deepwater cluster. Its strategic geographic position, which allows serving the Asia-Pacific from within the same time zones and is supported by the quality of its institutions and higher education, world-class infrastructure as well as the country’s sound and rapidly expanding R&D strategy, makes Singapore the obvious location for DNV’s new Deepwater Technology Centre.
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