South China Sea, which is hailed as "Second Persian Gulf", has proven
oil reserves estimated at about 7.5 billion barrels. China's offshore oil
development industry with an average annual growth rate of 32.3% has
rapidly grown to the pillar industry in China. Moreover, China’s first
deepwater oil rig launched on 23rd of May 2011 in Shanghai.
The CNOOC981, which cost $6 billion to develop, can drill in depths up
to 12,000 meters — potentially the deepest oil well in history. This is a
huge increase for China, which was previously limited to 500-meter-deep
seas. From this point of view, by the increase of Chinese deepwater
industry, the Asia Pacific offshore oil and gas market will be driven in a
large extent.
With this mind, Deepwater China Convention 2012 has generated a
timely and strategic two-day conference and two-day exhibition to all of
our participants for creating intellectual fizz and closing business
relationship.
From this convention, we will analyze the latest deepwater improvement
policies in China, update the ravishing projects in the important blocks,
unscramble the next wave of market trend coming up, open up the new
frontier of technology innovation and support the whole value chain
exchange opportunities to all of our participants.
Cloud YU
Conference Director
China Decision Makers Consultancy