PRESS RELEASE For immediate release: 23 January 2014 DIARY DATE Event: Oceanology International 2014 Dates: Tuesday 11 - Thursday 13 March 2014 Venue: ExCeL London Organised by: Reed Exhibitions Limited Further information from: www.oceanologyinternational.com SHOULD YOUR EXCITING CONCEPT FEATURE IN OCEANOLOGY INTERNATIONAL‘s INNOVATION ZONE? An underwater acoustic communication technology system; a low cost alternative to a conventional lifted installation; Lithium Sulfur battery cells; a wave propelled unmanned surface vessel; a family of low profile miniaturised acoustic arrays; a modular distributed energy recovery system using vessels to harvest hybrid wind and hydrokinetic energy offshore; use of Ultra-Violet radiation as an antifoulant; and a software solution for location and classification of underwater cables, pipelines and unexploded ordinance are just some of the innovative concepts that have been put forward to be featured in the new Innovation Zone at Oceanology International (London’s ExCeL – 11-13 March), designed to help shape the future of offshore and subsea technology. More are invited. The organisers of Oceanology International are eager to attract even more innovators behind additional exciting concepts and products to take part in this new area of the show which is dedicated to providing out-of-the-box solutions to challenges such as reducing capital expenditure or downtime; improving operational efficiency, or impact on health, safety and the environment (HSE), or accuracy; increasing production or inspiring new ways of operating. Entries are via www.oceanologyinternational.com/home/Innovation-Zone/. The Innovation Zone is being run in collaboration with the Oiltech Investment Network. This network was established in 2010 by leading global investors in upstream oil and gas technologies to encourage the uptake of innovative products. Network members include Altira Group, BP Technology Ventures, Chevron Technology Ventures, ConocoPhillips, Energy Ventures, Investinor, Lime Rock Partners, Saudi Aramco Energy Ventures, Shell Technology Ventures, Statoil Technology Invest, and Viking Venture, between them these organisations have invested more than $1 billion in over 80 oil and gas technology companies over the past five years. The network is managed by OTM Consulting, the premier firm of technology management consultants in the oil and gas sector. As OI 2014’s Event Director, James Coleman, of Reed Exhibitions explains: “The Zone provides the ideal opportunity for entrepreneurs, universities, inventors and small businesses to showcase their new innovations by means of video product demonstrations, as well as the chance to present their new concept in the Innovation Theatre to professionals from marine science and ocean technology related sectors from around the world. In 2012 over 7,600 attended from more than 70 countries. “That’s not where the initiative ends,” he adds. “We are also introducing the ‘Meet the Investors’ workshop and one-to-one meetings with investors as the vital other side of the coin, held in collaboration with the Oiltech Investment Network.” Jessica Rouse who manages the Oiltech Investment Network on behalf of OTM Consulting adds “Innovators need to get their technology or service to market in the fastest and most effective way and for that they need industry specific advice and expertise in tracking down funding, that’s what this exciting OI and Oiltech introduction will help them do.” ‘Meet the Investor’ workshop and individual meetings The OI 2014 ‘Meet the Investor’ workshop includes a half-day free-to-attend seminar programme for all visitors aimed at providing industry specific advice and expertise for innovators in the upstream oil and gas sector seeking partner funding. The workshop will combine presentations by guest speakers from Oiltech Investment Network members highlighting global technology needs; and keynote presentations describing alternative routes to funding, and information on Venture Capital (VC) and Private Equity (PE) funding. Importantly too it will provide opportunities to network with service providers such as IP attorneys, finance advisors and accountants, other entrepreneurs and key advisors within the E&P technology sector. As Jessica Rouse explains, the first presentation from OTM Consulting hits the spot with its title ‘What’s wrong with technology adoption in the E&P industry?’ “This will be presented by Séadhna Wilson a team leader with particular expertise in subsurface technologies and technology commercialisation,” she says. “At OTM he has consulted IOCs and NOCs on technology value and R&D portfolio optimisation. This has included developing commercialisation strategies for technologies that have yet to leave the R&D lab, or mature technologies that are looking to enter the oil and gas market from other industries. “Trevor Burgess from Lime Rock will also be speaking, taking ‘Money doesn’t grow on trees – how to fund growth with private equity’ as his theme. He has been a Managing Director for Lime Rock Partners since 2009 and is based in Aberdeen. He leads their oilfield technology investment strategy and serves on the board of six oilfield new technology companies. Prior to joining Lime Rock, Trevor Burgess had 30 years of international experience in oilfield services with Schlumberger, Baker Hughes and Expro in operations, technology, marketing and management roles.” In addition to this, those actively seeking funding with the exploration and production (E&P) and oilfield service sector can apply, by 28 February, to join one-to-one meetings with specialist oil and gas investors. Again, this is free to attend, but subject to acceptance by the Oiltech Investor Panel. Applications to the Innovation Zone will be assessed and invitations issued to the successful candidates. Further Oceanology International information and free online registration is at www.oceanologoyinternational.com ENDS About Oceanology International Oceanology International is the global forum where industry, academia and government share knowledge and connect with the marine technology and ocean science community, improving their strategies for measuring, exploiting, protecting and operating in the world’s oceans. Established in 1969, Oceanology International features the world’s largest exhibition for marine science and technology, multiple agenda-setting technical conferences, an Innovation Zone and a visiting vessels and waterside demonstration programme. The Oceanology International portfolio includes Oceanology International 2014 (11-13 March 2014, ExCeL London, UK): Over 520 international exhibitors and 8,000 attendees are expected to take part in this global forum. Eight one-day conferences and three panel discussion on key industry topics will take place during the three days of the show, as well as waterside demonstrations. For more details: www.oceanologyinternational.com Spillex (11-13 March 2014, ExCeL London, UK): Spillex is a dedicated area inside the Oceanology International 2014 exhibition hall and features the latest technology and service solutions for assessing the potential of spill related impacts, mitigating against and, if necessary, responding to them. For more details: www.oceanologyinternational.com/Spillex/ Catch the Next Wave conference (10 March 2014, London): at this international conference, now in its second year, global experts will speak about disruptive technologies and where they are emerging in the marine sector. The first Houstonbased Catch the Next Wave conference will be held in Autumn 2014. For more details: www.ctnwconference.com Oceanology International China 2014 (3-5 September 2014, INTEX Shanghai, China) The inaugural event, developed with the local government and industry associations, was held in September 2013 and provided organisations with the opportunity to capitalise on China’s rapidly growing offshore energy and marine industries. For more details: www.oichina.com.cn/en Oceansp@ce: Oceansp@ce is an online and free-of-charge resource which delivers hand-picked news from the world to the marine science and ocean technology community. For more details: www.oceanspacenews.com Notes to Editors: Issued on behalf of Oceanology International 2014 by Judith Patten @ JPPR. Email: judithpatten@jppr.uk.com; Tel: +44 (0)208 241 1912; Fax: +44 (0)208 940 6211 Press registration --- Simplified press registration for bona fide members of your editorial team is at http://www.oceanologyinternational.com/Forms/Press-EnquiryForm/ – or you can opt to use the longer visitor registration at www.oceanologyinternational.com and make sure that you choose “journalist” as your occupation in order to be registered for a press badge. Members of advertising teams should use visitor registration. Judith Patten is here to help in any way possible with copy for preview issues (she is now the proud possessor of plenty of information from exhibitors which is being built into a preview)/ tailor made articles (to your requirements on content, word count – and, of course -- deadline) Over the next few days subject-specific releases will be prepared on conference sessions/panel discussions, so if this press release is a little too general for you, a more detailed version tailored to your audience will be coming your way soon!