The global oil and gas industry is constantly evolving, and technological advancements play a crucial role in its growth. Recognizing the importance of new and innovative technologies, OTC Asia has established the Spotlight on New Technology Awards program exclusively for its exhibitors. This program honors the latest and most advanced technologies from the region that are driving the industry forward.
The OTC Asia Spotlight on New Technology Awards will be held from 27 February to 1 March 2024 in Kuala Lumpur, Malaysia. During this event, awards will be presented on 28 February at the Kuala Lumpur Convention Centre, Energy Theatre. To be considered for this prestigious program, technologies must be less than two years old, innovative, proven through full-scale application or prototype testing, have broad interest, provide significant benefits beyond existing technologies, and address an issue unique to the Asia Pacific region.
The recipients of the OTC Asia Spotlight on New Technology Awards for 2024 include companies such as COSL, Petronas/Worley, SLB, Weatherford, PTTEP, and Technip Energies. These companies have produced technologies ranging from enhanced low pressure recovery systems to advanced diagnostics and prognostic technology.
In addition to these large corporations, small businesses have also made significant contributions to the oil and gas industry with their innovative technologies. The winners of the Small Business category for the OTC Asia Spotlight on New Technology Awards in 2024 are NGLTech, RL Protect San Bhd