Home MMBIZ News WSS Invests to Support Increased Offshore Oil And Gas Activity in Asia

WSS Invests to Support Increased Offshore Oil And Gas Activity in Asia

Wilhelmsen Ships Service (WSS) is expanding its network of supply points across Asia as it responds to an increasing level of offshore oil and gas exploration and production.

The first new WSS supply point, at Songkhla, southern Thailand opened in January 2014 and other locations have been identified to enable WSS to work closer to areas of emerging demand. New supply sites are under consideration in Kemaman, Malaysia, Balikpapan, Indonesia and in Myanmar, the company said.

Countries including Malaysia, Indonesia and Myanmar present strong regional growth potential, with marginal and deepwater fields continuing to drive the investment in upstream assets.

Joe Peng, offshore account manager Asia-Pacific, WSS, says the company’s focus on safety and its strong network are natural advantages in a region where the offshore sector is still growing.

“This is a complex market with a diverse customer base, ranging from oilfield operators, drilling contractors, production operators to offshore support companies.

“Close engagement over the past 12 months enables us to understand their challenges of operating in such a diverse and often remote geographical location. Their top three concerns are safety, logistics issues and reliability, subjects where WSS can bring value and vast knowledge.”

A surge in spending on exploration and production globally is also driving new building orders at shipyards in China, South Korea and Singapore, as an ageing fleet is being renewed with higher specification assets.

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