BMT Fluid Mechanics is attending the 16th Asian Oil, Gas & Petrochemical Engineering Exhibition
OAG 2017 will be a crucial platform for O & G technology suppliers to tap into the lucrative business opportunities that exist in this dynamic regional market.
Faced with maturing oil fields, declining domestic production and a finite fuel source in the face of accelerated economic growth, the main challenge for energy suppliers is not just the availability of alternative energy supply but also the commercial potential of these resources.
In the past decade, Malaysia’s Oil, Gas and Energy (OGE) industry has been contributing about one-fifth to the national GDP (Gross Domestic Product). As part of the Economic Transformation Programme (ETP) that will propel Malaysia forward into a truly developed nation, the OGE sector is targeting 5 percent annual growth until 2020.
To sustain and increase oil & gas production, the focus is on deepwater exploration and EOR of mature fields with Malaysia generating big potential as a regional EOR hub. Hence, it is crucial that Malaysia continues to highlight its oil and gas potential while staying up-to-date with the latest innovations and technology to strengthen its position.