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OTC confidence augurs well for the industry – and the family

Monday, 22 April 2019 09:00

As the suitcases are dusted down, ESTAs renewed and family gift requests gathered, it can only mean one thing; OTC, the largest annual gathering of the great and good of the offshore community in Houston, Texas.

Reflecting the mood of the sector in recent years the show has seen exhibitor and visitor numbers fall but the signs are positive for an increase in both at the 2019 event.

Everyone was talking about the upturn at OTC 2018 but, sadly, the malaise drifted on for most of the year. However, we are seeing greater levels of activity thus far in 2019 helped, no doubt, by the barrel price hovering around $70+ as this is being written.

Much of the renewed confidence is driven by the efficiencies achieved by the industry over the past few years. Here at Balmoral we have always worked very closely with our clients to offer the ultimate engineered solution – not just provide what may have been used before or even what the client has asked for.

We always explore the options presented by project opportunities and actively encourage early engagement with clients to manifest the maximum savings possible. We can say, hand on heart, that we have delivered hundreds of thousands of dollars of efficiency savings to our clients over the years through the strategic application of our engineering, projects and industry knowledge base.

With the drillinginstallation and production sectors all moving ahead with new and revitalised developments our investment in upgraded production facilities and new and improved products, supported by the $26m Balmoral Subsea Test Centre, has put us in an extremely strong position as we prepare for increased activity levels.

Our sales and engineering teams are constantly on the move presenting the company’s latest innovations such as the low drag VIV suppression system, boltless bend restrictors, ultra-low density ROV syntactic foams and comprehensive cable protection range.

OTC is probably still the greatest event in the industry where lots of old friends hook up and new relationships are initiated. If you already know us we’d love to see you again. If you don’t know us be sure to visit our booth on the UK Pavilion – we’re on the main aisle in the NRG Center so you can’t really miss us!

Our booth will be staffed with sales, engineering, R&D, finance and marketing personnel; everything you need to assist with your next project. See you in Houston!

Notes to editor

Balmoral Offshore Engineering is part of Balmoral Group Holdings Ltd, a privately owned company based in Aberdeen, Scotland. Employing over 600 people Balmoral has been providing solutions to the energy, engineering, marine, building, polymer engineering and processing sectors since 1980.

Press contact

Steve Gibb
Public Relations Manager
Balmoral Park, Loirston, Aberdeen AB12 3GY
+44 (0)1224 859000
s.gibb@balmoral.co.uk

Balmoral Group

©2019 Balmoral Group Holdings Ltd

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