On 17 May the Deloitte Oil and Gas Summit in Bangkok heard that global energy demands are continuing to rise, especially in developing countries, and that mergers and acquisitions are expected to grow robustly in coming years.
The summit learned that Brazil now has 298 oilfields, Malaysia 150 and Myanmar 30 and that new technologies which allow deepwater exploration are playing a major role in development in the region.
According to Aquaterra Energy, developments in Asia Pacific, in particular, are providing many opportunities for the international oil and gas industry. The company is now operating at the very heart of this thriving market with new offices in Kuala Lumpur, from which, with the support of its highly skilled international workforce, Aquaterra Energy is supplying specialist offshore engineering solutions. These include bespoke offshore structures, riser systems, hydraulic systems, a large inventory of rental equipment, and exceptional after sales service.
Ken Crawford, general manager of Aquaterra Energy Asia Pacific, believes there is huge potential in the region. He said: “Our permanent presence in Kuala Lumpur demonstrates our commitment to customers here. It means that we are able to respond to client needs without delay with a full portfolio of Aquaterra Energy products and services, focussed on marginal field development in particular.”