Subsea UK events to focus on international opportunities

Subsea UK, an industry body representing the British subsea industry, will be hosting two briefing sessions with the Department for International Trade (DIT) ahead of SPE Offshore Europe 2017.

The first briefing on August 28 will focus on the post-energy reform oil and gas sector opportunities in Mexico.

Mariana Garay, senior energy officer for the DIT team in Mexico, along with DIT business specialist Chris Wall will give an in-depth view on developments within the Mexican market.

The 2013 Energy Reform in Mexico opened the sector up to private investment and competition. To date, over 60 new national and international companies were awarded contracts for E&P in the Gulf of Mexico.

It is estimated that 2018 will see one of the most ambitious offers so far by the Mexican Government, with 30 deep-water blocks up for grabs, Subsea UK said.

The second event on September 4 will look at opportunities to do business in India, Kazakhstan, and Azerbaijan. The audience will hear from Jonathan Spencer, oil and gas stakeholder manager at DIT, who will give an overview of these opportunities.

Carol Harvey, DIT export finance manager for Scotland, will also share information about how UK Export Finance can support UK companies.

Earlier this year, UK supply chain companies showcased their technology and expertise to senior officials from India’s largest oil and gas exploration and production company, Oil and Natural Gas Corporation (ONGC) on a technical trade mission to South Asia.

Subsea UK said that, with subsea exports valued at almost £5 billion, it wants to see an increase of British firms targeting international expansion to sustain long term growth.

Neil Gordon, chief executive of Subsea UK, said: “This is a great chance for companies to hear directly from the department on what opportunities are available overseas and what support is available. As seen with the success of our recent mission to India, we are always encouraging businesses to explore new markets so I would ask those who are open to diversifying to come along and engage with both the DIT and Subsea UK.”

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