, [Crowne Plaza Century Park] Shanghai, China
SHANGHAI, CHINA, 16-17 JUNE 2011 – High demand for ocean engineering equipment in China has led to strong investment in the domestic offshore market. In the next 5 years, the investment in offshore ocean engineering equipment in China will be more than 45 billion U.S. dollars, accounting for over 10% of global growth. In the next five years, China will develop more than 30 offshore oilfields which will need more than 10 new and modified FPSOs.