OTC 2015 an Industry Power Show Despite Low Oil Prices
Despite 2015s low oil prices, the 2015 Offshore Technology Conference was still considered a success.
The 2015 Offshore Technology Conference (OTC) convened at Houston’s NRG Park, again heralding as the largest gathering for the oil and gas industry. Nearly 95,000 attendees from 130 countries found forums, technical presentations and nearly 2,700 exhibiting companies providing resources to promote best practices at all levels of fossil fuel exploration.
The topic of corrosion and extending asset service life was vibrant. Corrosion industry firms of all sizes were represented for both cathodic protection and paint technologies. Several exhibitors noted increasing owner awareness related to preserving assets and the resulting success of being at the conference.
“For us, being here is not only about corrosion protection, but also about how our technologies can help with fire protection,” said Chris McMillan, Marketing Manager for AkzoNobel’s International Paint. “We are launching a suite of products in that area. This is a great show for us.”
Several exhibitors reported less foot traffic, generally regarded by many to be a result of lower oil prices. In fact, OTC 2015 reported about 10,000 fewer attendees over 2014. But exhibitors also reported that the quality of decision-makers and key people visiting their booths remained as strong as ever.
“We’re really happy with the people we’re meeting here,” reported Nigel Thomson, Group Sales Director for Oxifree Metal Protection. “Our booth has been busy non-stop.”
OTC reported that this is the sixth-largest number of attendees and the largest number of exhibitors over the event’s 47-year history. Nearly 300 technical papers, 11 panel sessions and 29 executive keynote presentations were given. Houston-area schools at both the high school and college level were engaged, and over 1,300 attendees participated in OTC’s Open Access Day to assist with advice and opportunities on career development.