Singapore does not fear Oil and Gas gloomy outlook
30.01.2015 / Energyboardroom
“The offshore projects that Singapore’s industry tackles are highly complex and time constrained and being close to our customers allows us to bet-ter support our clients,” says Ravi Natarajan, regional manager process automation South Asia at ABB, alluding to the connectivity that Singapore has to its neighbors. He is conscious of the scale of change occurring in the region, and gives one example of how the oil and gas industry is reinventing itself, using machinery and equipment on a scale unheard of before. “One of the biggest NOCs in the region, Petronas, is working towards their second FLNG vessel. This is very exciting having a floating facility that can liquefy gas is a game changer by any measure. It will make pipelines from offshore gas fields obsolete, while resolving a variety of geopolitical issues.
“Our ability to consistently deliver on our promises is a key strength of our organization and we do not intend to change that.” – Raphael Siri, senior vice president of SapuraKencana Drilling
It is a strategic shift in the business paradigm. ”Companies are having to redesign their offering, or overhaul their entire structure, to keep up with the pace of change and businesses are conscious of the imperative to avoid over-stretching. “Our biggest concern is that we will not be able to deliver on our promises,” says Raphael Siri, senior vice president of SapuraKencana Drilling. “Our ability to consistently deliver on our promises is a key strength of our organization and we do not intend to change that.”
Despite this cautiousness, these careful steps forward that businesses are taking, contracts are getting ever larger. This is testament to Singaporean companies’ determination to deliver exactly to client specifications. Singapore’s reputation for quality is a collective brand as the city continues to deliver, it continues to reinforce this status as the point of premium product procurement in Southeast Asia.
A new Inside Oil & Gas Report on Singapore, released today on EnergyBoardroom for free download, gets to the heart of how this identity has come about, and what it means in today’s high-pressure oil and gas sector.
Oliver Toby, managing partner, McKinsey & Company
Raphael Siri, senior executive vice president, SapuraKencana Drilling
Ravi Natarajan, regional manager process automation, ABB
Robin Koenis, managing director, Mammoet Asia Pacific
Scott Cummins, executive vice president, Offshore, McDermott
Hugh Cuthbertson, vice president and general manager, McDermott Asia Pacific
Koen Verniers, president, Oiltanking Asia Pacific
Vern Westerhout, CEO, Opus Offshore
Francis Tang, managing director, IHC Asia Pacific
Robert Liu, CEO, Transerve
Rendy Ariffin, managing director, Bourbon Offshore Asia
Stephen Hill, COO, Britoil Offshore Services
Kurush Contractor, president & CEO, Kreuz Subsea
How Meng Hock, president & CEO, OMS
Brendan Wauters, former president & CEO, Senoko Energy