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Offshore Oil and Gas Exploration

Offshore Oil and Gas Exploration

Companies involved in the exploration and production of offshore oil and gas resources, leveraging Singapore's expertise in energy projects.

Business Characteristics

  • Seismic surveys
  • Drilling operations
  • Production platforms
  • Subsea systems
  • Safety management
  • Environmental compliance
  • Project execution

Business Challenges

Volatile oil prices

Impact: Uncertain project economics

Harsh environments

Impact: Increased operational risks

Environmental concerns

Impact: Need for sustainable practices

Growth Opportunities

  • Digital oilfields
  • Carbon capture solutions
  • Decommissioning services
  • Floating production systems
  • Enhanced recovery techniques

Available Grants

Core Capabilities Grant

Relevance:

Develop expertise in offshore exploration.

Transformation Potential:

Implement comprehensive training in energy operations.

Up to 70% Funding Support

Innovation & Productivity Grant

Relevance:

Adopt advanced exploration technologies.

Transformation Potential:

Implement AI-powered production systems.

Up to 70% Funding Support

Market Access Grant

Relevance:

Expand services through digital platforms.

Transformation Potential:

Develop online energy management tools.

Up to 70% Funding Support

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