Business France Singapore organized the French Pavilion on the occasion of the 21st edition of OSEA 2016, which took place from 29th of November to 2nd of December at Marina Bay Sands Singapore. Beyond the regional scope of this exhibition, OSEA benefits from a global visibility and affluence, with 18,000 visitors and 1 000 exhibitors from 48 countries for this edition. Before the exhibition kicked off, 11 French companies participated to an introductory seminar organized at the French Embassy in Singapore by Business France, in which they were able to find out more about the business opportunities in the country and South-East Asia, as well as the business environment. The Economic Development Board of Singapore, together with two French companies presented the sector’s upstream and downstream opportunities. Despite the difficulties that this industry is facing, the Oil&Gas remains strategic in Singapore, accounting for 5% of its GDP. The city-State has established itself as one of the world leaders and hub of this industry, especially in the field of oil refining, with an island totally dedicated to the petrochemical industry (Jurong Island) and a geostrategic position. This event was also an occasion to celebrate the opening of the representative office of MARIT, a French manufacturer of steel chains for the offshore & marine industry, convinced by the potential of the region for the development of its activities. The exhibitors also had the opportunity to develop their network by meeting with key players of Oil & Gas based in Singapore, during a cocktail held at the French Residence on December 1st, hosted by the Ambassador of France M. Dubertret.
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France is the second largest exporter of equipment and services for the oil and gas sector with no production on its territory « France doesn’t have significant O&G resources», says Agnès Hagyak, Project Manager for Oil & Gas in the Paris head office of French export-support agency Business France, interviewed by Business France Radio. Despite this lack of resources, French companies have managed to do well in the industry, on both upstream (exploration, production) and downstream (refining) levels. France is even the second largest exporter in the world. The French industry can rely on major companies like Total, NG (natural gas) or Technip but also on many small and middle size companies (more than 500) covering many important services within this industry, like water treatment, telecommunications, software and security equipment. These companies’ goals are now to find more oil and gas clients around the world, find the right areas with interesting potential, and offer technologies adapted to new environmental and producing requirements. And among these targets are the countries of the Gulf. « In this part of the world, we have both upstream and downstream sectors, explains Agnès Hagyak. There are many things to do there.» As a matter of a fact, ADIPEC, the International Petroleum Exhibition and Conference held in Abu Dhabi in November is « a very good opportunity to find potential partners and direct clients, according to Agnès Hagyak. This show is also a way for the French to promote their services directly to customers. They must play their card well abroad. » ADIPEC, official website: https://www.adipec.com/ Companies exhibiting at ADIPEC: http://www.youbuyfrance.com/ae/companies.aspx?k=&z=&c=&ca=3&sca=72 http://www.youbuyfrance.com/ae/Events-3518-french-pavilion-at-adipec-2015-abu-dhabi Companies in the oil and gas industryare on youbuyfrance.com: http://www.youbuyfrance.com/ae/companies.aspx?k=&z=&c=&ca=3&sca=72
Business France is the national agency supporting the international development of the French economy, responsible for fostering export growth by French businesses, as well as promoting and facilitating international investment in France.