The Offshore Korea 2012 economically values KRW 50b of ripple effects.

 

From 14^th to 16^th in this month, the Offshore Korea 2012 is held in Busan. It is hosted by the Korean government, Busan Metropolitan City and the other public organizations. As the 1^st offshore exhibition, it is expected that it would be greatly meaningful event for practitioners in the offshore industry.

 

In spite of a paid event, about 300 people have already finished their registrations to participate, so, far more people might visit the Offshore Korea 2012. Thus, Busan city and other host organizations have arranged to accommodate an excessive number of people.

 

On the other hand, according to Busan City, the Offshore Korea 2012 would generates approximately KRW 50b of ripple effects throughout the vitalization of relevant industries, like roughly $450m of purchases, exports counsel and contracts as well as tourism, exhibitions and accommodation while securing the status of the core city in the global offshore industry.

 

In the meantime, the conference and skull session are expected to be good opportunities to make a breakthrough to localize offshore plant equipment and prepare for securing the core technologies in the relevant sectors.

 

* This post was translated based on the article Maeil Business Newspaper had reported.

[Offshore News] Daewoo International sets to drill on Myanmar’s gas field

Daewoo International Co., Ltd, a Korean trading company, is finally going to work with the aim of beginning commercial gas production at Myanmar’s offshore fields following 12-year long efforts in exploring gas fields in Myanmar.

At the offshore yard of Hyundai Heavy Industries in Ulsan, Daewoo International held a ceremony marking the departure of the ‘Topside’, the gas production platform to be utilized at gas field in Myanmar. Topside refers to the upper part of the gas production platform. Once the upper part is integrated with a Jacket, the lower part of the platform installed in the seabed, the entire construction of gas production platform will be completed.

Passing through the Bay of Bengal and off the coast of Singapore for three weeks, the Topside will reach its destination in Myanmar - the A-1 gas field ‘Shwe’. Daewoo succeeded in the completion of gas production probes in January of 2004 after having secured the right for the gas field exploration from Myanmar’s Junta back in 2000. The gas fields in Myanmar include an estimated 4.5 trillion cubic feet of gas resources (equivalent to 800 million barrels when turned to oil), high enough to cover the country’s three-year natural gas consumption.

China National Petroleum Corporation (CNPC), which is an affiliated company of China National United Oil Corporation (CNUOC), is going to purchase all of the gas to be produced.

An official of Daewoo International said “The Myanmar gas fields are expected to bring in 300-400 billion won ($254.0 million - $338.7 million) per year for the next 25 to 30 years.”

*This post was referred to the article that Maeil Business Newspaper had reported.

http://news.mk.co.kr/newsRead.php?year=2012&no=728281

[Offshore News] Busan for the world’s best offshore plant cluster

Busan Metropolitan City has recently suggested the blueprint to build the world’s best offshore plant cluster taking that the Korean government designated Busan as an exclusive R&D zone.

According to that, enlarging the business base for shipbuilding and offshore for 10 years, expansion of global R&D infrastructure and nurturing specialists are main purposes.  In the meantime, it consisted of 4 core strategies and 12 tasks.

In particular, Busan Metropolitan City is going to promote approximately 50 high tech companies throughout the main purposes above for 10 years.

On top of that, Busan plans to attain over 0.01m of creation of jobs while fostering about 3 thousand mavens who received their master’s and Ph.d degrees in the offshore field.

* This post was written based on the article BBS had reported.

http://www.bbsi.co.kr/news/news_view.asp?nIdx=579752 

[Offshore News] S. Korean steel makers compete over thick plates for offshore structures

POSCO, Hyundai Steel and Dongkuk Steel, which are major steel makers in Korea, are fiercely competing over high value-added thick plates used for offshore structures, according to sources in the steel-making industry Tuesday.

POSCO has been implementing its strategies in order to increase sales of high value-added steel items for marine structures since last year.

The company is notably promoting sales strategies to sell steel products with the aim of ship-building in packages. Lately, the steel manufacturer has decided to supply its thick plates for the construction project of fixed platform awarded to Samkang M&T, the nation’s special steel-pipe provider.

Not only that, POSCO is expected to provide European-made best quality steel products in bulk for the construction of the world’s largest oceanic gas processing plants that Samsung Heavy Industries won from Australia last February.

In addition, two years ago, Hyundai Steel, another Korean steel corporation, started a steel plate business with a focus on thick steel for non-shipbuilding purposes. As a result, the company has developed a new product portfolio that chiefly comprises Thermo Mechanical Control Process (TMCP) steel for marine plants and corrosion-resistant steel for submarine oil pipelines.

Dongkuk Steel Mill has also slashed production of thick steel for shipbuilding and begun mass production of corrosion-resistant steel at its mill in Dangjin, Korea. The mill maker has concentrated on producing thick steel for non-shipbuilding purposes including welding structures and pressure boilers and won contracts in the businesses. The company successfully developed corrosion-resistant steel of a 120 millimeter-diameter and intends to develop that of a 150 millimeter-diameter within this year.

*This post is based on the article Maeil Business Newspaper reported.

http://news.mk.co.kr/newsRead.php?year=2012&no=709410

Tour information in Busan

This tour information would provide participants, who visit Busan, an opportunity to find out Korean culture and site. If you want to sightsee, you can book and pay through an agency below. 

Before booking, I suggest you check out schedule and itinerary, as well as booking condition and cancellation and refund policy.

FULL DAY BUSAN TOUR 1

Taejongdae Park is one of the most famous tourist attractions in this city. Featuring its highest peak at 250 meters, there are forests of pine trees and other 200 varieties of trees. what's more, there is Busan Tower of 120m high where you can see the magnificent view of Busan down town with the port.

Jagalchi Fish Market is the symbol of Busan and the greatest fish market in Korea. You can see the lifestyle of the indigenous Busan natives while going around. Also, you can enjoy various seafood with its freshness according to your pocket.

FULL TOUR BUSAN TOUR 2

The temple named Beomeosa is located at the edge of Mt. Geumjeongsan, which is a famous mountain in the city. Roughly 1,300 years ago, it was built by monk Ui Sang in the 18th year of King Munmu (reign 661~681) of the Silla Kingdom. The original temple building fired several times but was renovated in 1713, which remains as it is now.

The UN Memorial Cemetery in Korea honors UN soldiers from 16 countries that were killed in battle during the Korean War from 1950-1953. This serene park spreads across a grassy plain area of 135,000 m².

HALF DAY BUSAN TOUR 1

Haedong Yonggungsa Temple is situated on the coast of the north-eastern portion of Busan. This temple is unusually located along the coast line whereas most Korean temples are in mountains. Annually, many tourist visit here because the sceneries around this temple is breathtaking.

NIGHT TOUR OF BUSAN 1

Dalmaji Hill is a small walkway between Songjeong Beach and Haeundae Beach. The coastal road, which is about 8km, is a famous for driving with beautiful cherry blossom and pine trees. In particular, the landscape, with the blue sea, sandy seashore, and pine trees, is beautiful enough to be the representative place of this area for a long time to come.

NIGHT TOUR OF BUSAN 2

In this evening, enchanting boat trip starts off at Haeundae’s Mipo Ferry Terminal and heads towards Oryuk-do Islets and the Igidae area, then returning to Mipo. The Oryuk-do Islets are made up of 6 small islands, which 5 are visible from the coast. There is no people living in the islets. The shores of Igidae are composed of breathtaking views of fantastically-shaped cliffs. This 1-hour boat trip offers very attractive views of Busan Harbor.

4 tourist attractions you must visit in Busan

1. Haeundae Beach

Haeundae Beach is one of the most famous beaches in Korea, not only in Busan. In every summer, hundreds of thousands people gather on this beach to enjoy their vacations because the depth of water is low and the quality of its sand is absolutely excellent.

It is said that Haeundae Beach is one of the symbols of Busan. Thus, a lot of people visit here all the year round. There are much accommodation, like hotels and gust houses, and additional facilities, such as restaurants and cafes around the beach.

In addition, various festivals, like the Viewing the Moon Festival and the Busan Sea Festival, are held. In particular, a large number of movie fans come to this beach during the Busan International Film Festival, which is the biggest film festival in Asia.

2. Nurimaru APEC House

This building was built to be used for the venue of the 13th APEC summit from 18th to 19th November in 2005. 

The entire building structure expressed the Korean traditional architecture well while the roof embodied the ridge of Dongbaek islets. During the APEC summit, domestic and foreign media press admired that Nurimaru APEC House has the most beautiful landscape out of all the venues of the APEC summit ever.

Since the APEC summit, it has been used for business meetings for CEO and executives.

3. Youngdusan Park

Youngdusan Park is located in Mt. Youngdu. The mountain is in the city center and very well-known in Busan. The reason that the mountain is called the name is that its terrain looks like a dragon. Actually, Youngdu means a head of a dragon.

The groundbreaking ceremony is in November in 1915 and the construction finished in the year after.

The important thing is that the Busan Tower is located in this park as a representative building. As long as people climb the top of the tower, they can see the whole sceneries of Busan.  In particular, The landscapes of the Busan port and the night view are breathtakingly gorgeous.

4. Busan Film Street

Usually, Busan is said to be a city of a film since the Busan International Film Festival is held in the city year by year. Like I said, while the film festival is being held, a lot of people gather in this city, include movie stars and directors at home and abroad, as well as movie fans.

In this regard, Busan Film Street in Nampo-dong is a hot place during the film festival as there are a wide variety of film events, like hand print events and outdoor stage greeting ceremonies. So, if you visit the place while traveling in Busan, you will be able to learn the history of the Busan International Film Festival from scratch. 

And also, Jagalchi Fish Market is right on the opposite side.

                    the source of photo : http://cafe.daum.net/freeimages

Oil Majors Invitation

Oil Majors Invitation Summary             

1. Objective

- It is to offer direct sales opportunities and market access information to exhibitors and relevant companies through oil majors invitation.

2. Outline

1) period

Nov. 14th (Wed.) to 16th (Thu.), 2012 (2 days)

2) Venue

BEXCO, HOTEL convention hall, Yards of HHI and SHI, etc

3) Organizer

Busan Marine Equipment Association

4) Supporters

Korea Gas Corporation (KOGAS), Hyundai Heavy Industries (HHI), Samsung Heavy Industries (SHI), PCO

5) Invitation

20 VVIPs from the world IOCs & NOCs (under liaison)
Shell, Statoil, Gazprom, ENI, LLOG, ADMA-OPCO, ZADCO, ONGC, NNPC, Sonangol,
Petrovietnam, Petronas, PTTEP, INPEX corporation, CoP, Rosneft, Total, Chevron,
ExxonMobil, BP, Woodside Energy, Ocean Rig, etc

6) Program schedule

Nov. 14th: Visit OK2012 (Participate in opening ceremony, exhibition hall, conference and
vendors registration briefing session)
Nov. 15th: Industrial tour to HHI and SHI, participate in reception (Korean Offshore Night)
* Program schedule is possible to change in cases.

7) Official language

English (offering translation service, Korean ↔ English)

Details of the programs

1. VENDORS REGISTRATION BRIEFING SESSION

1) Objective

It is to support market access of equipment manufacturers through providing different procedures of each oil majors.

2) Outline

· period: Nov. 14th (Wed.), 2012, 14:00~17:00
· venue: Exhibition center 2 in BEXCO, 324~326 (new exhibition hall)
· speaker: Directors of IOCs & NOCs

2. RECEPTION

1) Objective

Networking reception for Oil Majors by Korean Large Shipyards

2) Outline

· period: Nov. 15th (Thu.), 2012, 18:00~20:00
· venue: Nurimaru in Haeundae
· participants: Oil majors, Korean shipyards