AP NEWS

OTC 2019 set to kick off May 6 at NRG

May 5, 2019

The Offshore Technology Conference (OTC) returns to Houston May 6-9, at NRG Park, and this year will be extra special as the 50th anniversary milestone will be celebrated.

The first Offshore Technology Conference was conducted in May 1969 in Houston and was successful beyond expectations. It had 2,797 attendees, 112 papers presented, and 368 exhibiting companies. OTC has been held in Houston each year since, with significant growth in size and worldwide participation.

“In 2019, OTC will celebrate OTC’s deep commitment to the people and companies who have helped us reach the 50th anniversary milestone. Acknowledging the challenges, best practices, and cutting-edge technologies of the past leads us to explore how digitalization, automation, and machine learning are anticipated to change the landscape for generations to come. Throughout the four days of OTC, offshore E&P executives will provide their vision and explore how companies are preparing for the next 50 years,” said Wafik Beydoun, chairman, OTC Board of Directors.

The opening general session kicks off the conference on Monday morning, May 6, at 9 a.m. under the theme “OTC’s Golden Anniversary Opening Session: The Next 50 Years of Offshore Developments,” where industry executives will explore how companies are preparing for the brave new world of digitalization, automation, machine learning, and answering the question of what is their vision for the future of offshore E&P operations?

“Attendees will benefit from more than 350 technical papers, more than 100 speakers, 23 topical breakfast and luncheons, and eight thought-provoking technical panels. In addition to recurring topics, an emphasis is being made on how to reduce costs safely and improve overall value in a low oil price environment,” Beydoun said.

The technical program is further enhanced by the 1,957 exhibitors that bring the newest and most advanced products to display at OTC.

All of this is why 20,000-plus international delegates travel to Houston each year to meet with 50,000-plus local professionals.

“The OTC post-event surveys always rate the networking experience as the top benefit. OTC is organized by 14 professional engineering and scientific member associations. By doing so, it allows professionals to share their experiences in an unbiased and open environment. OTC serves as a clearinghouse for the best ideas to efficiently and safely discover and produce hydrocarbons,” said Stephen Graham, executive director, OTC.

Speaking of the professional engineering societies, the revenue from OTC directly benefits the membership of its 14 sponsoring societies.

“Most of all though, the Offshore Technology Conference is where energy professionals meet to exchange ideas and opinions to advance scientific and technical knowledge for the safe, environmentally friendly and sustainable development of offshore energy resources.

Plus, the conference unites executives, investors, buyers and entrepreneurs to develop markets and business partnerships,” Beydoun said.

Since 1969, the world has come to OTC to make critical decisions and share ideas to meet the world’s energy needs. Shifting business, political and economic paradigms have altered the complexion of the conference, but not its status as the one “must-attend” technical conference for engineers and scientists working in offshore energy.

Further details

For more information on OTC, visit http://2019.otcnet.org.