Industry professionals will discuss the investment, development and the diverse fleets required for Caspian Sea operations at a workboats and offshore marine show, to be held in Abu Dhabi from September 30.

The three-day Seatrade Middle East Work Boats and Offshore Marine 2013 is the region’s leading event for workboat operators, builders and equipment suppliers, which will take place at the Abu Dhabi National Exhibition Centre.

Over 165 exhibitors have already signed up for the event which will offer business and social networking both in the conference sessions and on the exhibition floor, said a statement.

“The Caspian region is so complex that it continues to provide challenges to offshore operators, from geopolitical issues and bureaucracy to 80-degree temperature swings, vessel modification and risk management,” said Emma Howell, regional manager, Seatrade, organiser of the event.

“Yet the rewards are significant, capex spending is estimated to reach $55 billion between 2015 and 2020 and the region is estimated to hold over 200 billion barrels of crude alone worth $4 trillion,” she added.
 
According to energy analyst Infield Systems, the Caspian region is still one of the key drivers of offshore capex and expects a 33 per cent increase in the Middle East and Caspian over 2011-15 compared to 2006-10, or an increase of $10 billion to approximately $39.9 billion.

This year’s event line-up also includes the inaugural Saudi Aramco Global Workboat Technology Forum on October 1 at which international experts will present a series of technical papers on industry agenda-leading topics, with Dynamic Positioning (DP) capability and systems development dominating the final day’s debate on October 2. - TradeArabia News Service