According to the China's 12th Five-Year Development Plan, during the 12th Five-Year period (2012-2016), the capacity of offshore oil production in China will be increased to more than 50 million tons. The domestic investment of CNOOC, one of the three China national oil giants, will reach 250-300 billion RMB, including the construction of nearly 100 platforms, over 40 sets of subsea wellheads and three of the FPSOs and the total investment scale will be as high as 850-900 billion worldwide.
The development of China's offshore oil and gas industry keeps the same pace with the rapid growth of its economy. The offshore engineering technology and equipment are the basis of the offshore oil and gas industry, yet there is a wide gap between Chinese and international offshore oil and gas equipment in terms of the R & D and design, critical process, localization of the core equipment and system debugging, etc. and there is huge demand for imports of technology and equipment in china.
With the accelerated development of oil and gas exploitation in the South China Sea, China has gradually become the major focus of the world's offshore oil and gas market. China is sparing no effort on the development of complete technology and equipment of offshore oil and gas, which calls for a wide range of in-depth cooperation. Subsea technology as one of key aspects of the offshore oil and gas development has become the hotspot for the Chinese market.
BMC China Exhibition Co., Ltd. is the international exhibition company focusing on the energy industry. In order to promote the integration, exchange and cooperation between China's and international oil and gas technology, BMC China is launching China Subsea Technology Summit (CSTS 2013) in Shanghai, one of the most active metropolises in China, on 22-23 April 2013.
The conference is an iconic session for the Chinese oil and gas technology and equipment suppliers specializing in subsea technology and it will target at fulfilling the needs of Petro China, Sinopec, and CNOOC, three major oil technology and equipment giants in China, thus it has been greatly supported by the three major oil companies as well as China's major marine platform manufacturers. Moreover, China's main offshore oil and gas engineering design institutes are also seeking cooperation on China South Sea development in technology and equipment through the conference.
The conference has been attracting the great concern from the insiders around the world. Marine experts from international leading enterprises, such as GL Noble Denton, Infield Systems Ltd., CNOOC, SUT, COOEC, DOF Subsea, Fugro Subsea Technologies Pte, FMC Technologies Singapore, Welltec, Saipem, Siemens-Oil and Gas, Wild Well Control, ClampOn AS, Wood Group PSN, United, Kingdom, Cameron, Aker Solutions, WorleyParsons, Schlumberge, government leaders, as well as academic and research institutions with focus on underwater technology have showed their enthusiasm to participate the conference. They will share and discuss the successful experience on the up-to-date subsea technologies. By then, China's three major oil companies and technology and equipment companies involved in offshore oil and gas development will be well prepared for full cooperation with enterprises around the world.
Shanghai not only has China's largest foreign trade port and industrial base, but is also becoming an important exchanging port for international trade and cooperation in China. The conference is bound to be an effective shortcut to enter the Chinese market, compete with the world subsea technology suppliers and create an international brand.
