This year marks 50 years since petroleum activities began in Norway. Today, 79 fields are operating on the Norwegian continental shelf. Since the 1970s, the petroleum activities have contributed NOK 11 000 billion to Norway’s domestic product, measured in 2013-NOK.
Based on a Deloitte MarketPoint analysis, the oil demand could rise faster than supplies starting in 2016. Low prices over the next few years could bolster demand, due to price elasticity, much faster than otherwise would be the case. Since oil markets are highly cyclical, they tend to overshoot or undershoot most long-term outlooks. Consequently when oil prices stabilize, the tight oil producers also will be the ones able to most quickly increase production again.
ONS cover all aspects of offshore drilling and wells system, floating structures, and advanced subsea production, as well as the increasingly complex integrity management to keep them operating. Having the world’s experts gathered in Norway will enable an excellent exchange of ideas and technology know-how.
German companies make use of the ONS - Offshore Northern Seas 2016 as a window for the Oil & Gas industry in the Northern Seas region. While taking into account environmental aspects German companies have the opportunity at ONS 2016 to showcase their products and services to nearly 50,000 industry leaders and buyers from more than 40 countries, having the opportunity to network with valued clients and make new business contacts.
German companies provide a great contribution to increasing the technological level of the energy and Oil & Gas industry, breaking new barriers and offering cutting edge solutions for the industry.
For German companies, strengthening their position on foreign markets and developing new businesses and cooperation abroad is important, and it is the reason for Germany's participation in this event.
The German Pavilion at ONS2016, organized by MECON Exhibition, is the place where you will meet existing and potential new clients gathering together to discuss the industry needs.