WA Minister for Commerce Michael Mischin emphasised this strategic advantage and AOG’s important role in his keynote opening address.
“Some say Perth is the Houston of the Southern hemisphere; I prefer to think of it as the Venice of the Indian Ocean. WA’s offshore and onshore areas have attracted 62 per cent of national petroleum exploration and at a national level, WA remains the country’s foremost petroleum producer, with LNG the most valued product.
“Last year, AOG attendees generated $443 million of business leads through attending the conference.”
Nearly every opening plenary session speaker touched on the tough realities brought on by the plummeting oil prices, but were positive about the industry’s ability to withstand the cyclical comedown.
“I won’t speculate about how long the oil prices will be down, but the way the industry reacts as a whole will be a very important indicator,” Aurecon Industry Director – Energy Victor Young said.