Organized by BMC, supported by Society for Underwater Technology (SUT) and CNOOC, the second edition of China Subsea Technology Summit was held successfully in Shanghai on April 9-10. Sponsored by Saipem, CSTS 2014 attracted about 150 delegates from more than 90 enterprises, including global national oil companies, offshore giants and research centers which focus on subsea technology.
CSTS 2014 was themed with “ Managing Challenges and Mitigating Risks in Subsea Operation in the Changing Offshore Environment”. Mr. Duan Menglan, Chairman of SUT China, introduced Chinese subsea technology and its development prospect and challenges facing. During the one and a half day period, offshore oil and gas technical experts, in combination with the overseas and domestic status quo of subsea technology and production practice, shared topics such as: Risk Management and Safety Solutions for Subsea Operation, Managing Geo-meteo Challenges on Deep Water Field and expounded on the latest technology innovation and standardization.
In the conference, Mr. Frank Lim, chief technical advisor from subsea technology center of COSL, shared technology of installing subsea components using small vessels. Mr. Peter Worman, the vice president of SRUF from DMAR Engineering, which has successfully provided deepwater installation service to enterprises such as BP and CNOOC, etc., made an in-depth analysis and interpretation on the topic of innovation and standardization of subsea technology. Mr. Zhang Yi, production manager of operating zone from CNOOC China Co., Ltd. made a detailed explanation and case study on applications and practices of subsea production technology in South China Sea. Enterprises participated in this conference included Wood Group, Kenny, Saipem, AVEVA, DMAR Engineering, Agility Group, TMC, Shell, Keppel, COOEC, CNOOC Energy Tech-Drilling & Production and etc.
The development of offshore oil and gas is moving from shallow water to deep water and ultra deep water, therefore subsea production system and its related deep water products show dynamism and growth potential, it’s estimated that in the year of 2018, the total market size of subsea production and processing system will surpass 2.2 billion USD. Though the first deep water program - LiWan gas project was put into operation successfully this April, the deepwater oil exploration is facing the long term shortage in technology development and exploring experience in China. As stated by some industry experts, to develop South China Sea, China needs to strengthen the international cooperation as well as the deepwater technology research, investment on experiments and talent reserves, and to break the handicap existed in the deepwater oil and gas development in terms of technological equipments and talents. The annual China Subsea Technology Summit provides an excellent displaying and exchanging platform for the industry, and brought endless business opportunity for the oil and gas service providers and equipment suppliers, aiming to satisfy the demand of self-development of the domestic offshore and gas resources. It’s learnt that China Subsea Technology Summit 2015(CSTS 2015) will continue to be held in Shanghai.