It has been forecasted that after 2015, deepwater oil will be the world's only oil output growth. It has also been forecasted that at least $25 billion will be spent annually on deepwater expenditure by 2012. From the Cognac field in 1979, deepwater exploration and production presents most of the industry's biggest challenges and risks. It demands huge investments and commitment. However, the potential rewards surpass it all.

Two years after the worst offshore oil spill in U.S history, Mexico's state oil company is about to test its hand at drilling at extraordinary depths in the Gulf of Mexico. If all goes as planned, Petroleos de Mexico, known as Pemex, will deploy two state-of-the-art drilling platforms in May to an area just south of the maritime boundary with the United States. One rig will sink a well in 9,514 feet of water, while another will drill in 8,316 feet of water, then deeper into the substrata.

However, Pemex has no experience drilling at such depths. Mexico's oil regulator is sounding alarm bells, saying the huge state oil concern is unprepared for a serious deepwater accident or spill. Critics say the company has sharply cut corners on insurance, remiss over potential sky-high liability.

The Deepwater Forum 2012 has been exclusively tailored to address critical deepwater equipment integrity and disaster management issues as well as deepwater operators' uncertainties. This forum will also highlight the latest technology and techniques available in the market to help you maximise your organisation profitability with incresed production rates at deeper depths.

Directly download agenda here.

We are expecting 80 participants with limited seats. Since you are interested, contact Kyle Law for more info.
E: kyle.law@fleminggulf.com | T: +603-2141-5357 | Marketing Manager