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Friday, 29th February 2008

MEDIA RELEASE

SEAAOC 2008 focus as energy prices soar

SEAAOC, Northern Australia's largest and longest established petroleum industry event assumes special significance this year as world oil prices reach record levels.

The 2008 South East Asia Australia Offshore Conference will be held in Darwin from 16-18 July, with the focus on key developments in the Timor Sea, Browse Basin and North West Shelf.

These areas are vital to the development of oil and gas ventures, with gas emerging as a powerful source of clean energy supply, as well as wealth creation.

World oil prices have been hovering around $US100 a barrel with experts expressing concern that weekly average OPEC oil prices, which hit new highs during February, will continue to rise.

However, Australia is ideally located to supply clean and plentiful natural gas to the Asia-Pacific region while offsetting greenhouse emissions. Darwin is already taking advantage of gas from the Bayu-Undan gas field supplied to a new $1.75 billion LNG plant via a 500km pipeline.

SEAAOC 2008 is regarded as a 'must' event for professionals in the petroleum industry. Each year the conference attracts hundreds of Australian and South East Asian offshore operators; oil and gas exploration representatives; pipeline owners/operators; energy generators, retailers and distributors; infrastructure and engineering companies; contractors, government regulators and representatives; and investors and consultants.

It will comprise case studies, keynote presentations, panel sessions and interactive workshops led by highly respected oil and gas industry leaders and speakers.

Speakers from APPEA, the Australian and Northern Territory Governments, ConocoPhillips Australia, Chevron Australia and ENI will review regional production and exploration, political issues, technical developments, demand and supply.

Paul Henderson, Chief Minister of the Northern Territory Government will launch SEAAOC 2008 on Thursday 17 July.

Other speakers will include Eros Agostinelli, Managing Director of ENI Australia; Chris Hart, Managing Director of MEO Australia; Ian Tchacos, Managing Director of Nexus Energy; Nick Davies, Managing Director of Arrow Energy; Peter Botten, CEO of Oilsearch; as well as representatives from ConocoPhillips, ExxonMobil and Shell Development Australia.

Further information: www.seaaoc.com
 



 

 
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