Forty French companies participating in ADIPEC 2017

Business France, the national agency supporting the international development of the French economy, is once again organising a French collective pavilion at ADIPEC, where some 40 companies representative of the industry's various sectors will be presenting their products, services and expertise to local professionals with a view to developing or strengthening partnerships.

With major reserves (48 percent of the world's oil reserves and 38 percent of its gas resources) and an expected two-fold increase in its production between 2004 and 2020, the Middle East is a leading global player and the commercial opportunities in the oil and gas industry in the region are vast.

Due to persistently low oil prices, the Middle East is still a very attractive region. The quality and quantity of the hydrocarbons produced in the region, along with lower-than-elsewhere extraction and processing costs, make it possible to generate business that is still better than in many other areas of the world.

The expertise of French companies, their technological skills and their capacity for innovation have helped the French oil and gas services industry to garner international recognition and a leading position among European exporters.

It is an industry par excellence, with one or more international leaders in the majority of its business areas. Alongside operators the likes of TOTAL, it consists of oil and gas industry equipment and service providers which include world giants such as CGG and TECHNIP. The sector also has two world-renowned research institutes, IFP Energies Nouvelles and IFREMER, and several major engineering firms and contractors.

Aware of the new challenges of a difficult context, the French companies exhibiting at ADIPEC offer solutions that serve the needs of operators: reservoir optimization, reserve development, precision tools for wells and surface units, facility equipment and surveillance systems, environmental protection, and more.

During the show, OSVfinder launches the first online chartering platform for energy market.

The company is running a new innovating web application which revolutionises offshore support vessels chartering by connecting charterers and ship-owners online.

The company is now running a testing campaign with SAIPEM. SAIPEM will be sending real enquiries through OSVfinder. This period of test will extend till fall. OSVfinder allows charterers, to quickly contact ship-owners without using intermediaries. By using the geolocation of ships, an advanced search engine and internal messaging, the application makes offshore chartering simpler, faster and cheaper.