Yet, the quality standards for advanced steel used for drilling, producing, transporting, conserving and handling energy resources for oil and gas are becoming stricter so that steel can better endure the harsh drilling environments of the deep sea and polar areas, two domains on the radars of oil exploration geologists.

At this year’s Offshore Technology Conference (OTC), the world’s largest marine technology exhibition, which was held from May 4 to 7 in Houston, Texas, POSCO showcased its efforts on such developments. Included were its lineup of high-grade steel products, as well as the firm’s cross-department collaboration system between steel plants, laboratories and marketing departments, among others, to improve the development of functional, advanced steel.

Considered the leading forum for gathering and sharing offshore oil and gas information (as well as unveiling some impressive machinery), the goal of the conference, according to its website, is to “advance scientific and technical knowledge for the safe, environmentally friendly and sustainable development of offshore oil and gas resources.”

Despite recent low oil prices, the 2015 OTC attracted over 94,000 attendees, making it the sixth largest in its 47-year history. Additionally, approximately 2,700 major oil and global EPC (Engineering, Procurement and Construction) companies from 37 countries participated.

Among these, POSCO represented South Korea, aiming to continue its solution marketing activities for advanced steel for energy, production and technology, as well as steel utilization techniques.

Introducing a variety of the company’s products and technologies, POSCO’s exhibition consisted of four zones: energy plants, energy pipes, shipbuilding, and manganese steel sectors. At the booth, a video on steel-making technology was presented to help attendees better understand steel products.

POSCO displayed its strength as a “total solution provider,” which has helped the firm to simultaneously strengthen its position in the steel market and discover new business opportunities.

Since it first participated in the OTC in 2008, POSCO has operated a booth annually as part of its demand development activities, which have led to the company’s increasing development of energy steel in a short period of time. Moreover, POSCO’s progressive product promotion and supplier certification activities have resulted in a successful long-term contract for the blanket supply of energy steel, and have solidified technical cooperation with clients.

As new advancements are made in offshore drilling technology, the utilization of steel in the industry will also evolve. POSCO will continue to adapt to such changes, and will work hard to manufacture sustainable, quality products to meet the demands of its clients.

Between 6th and 9th May, POSCO joined the Offshore Technology Conference (OTC) in Houston, U.S.. During the conference, POSCO promoted energy steel products created by its own specialized technologies. Let’s find out how global players reacted to POSCO’s top-notch technologies, which would lead the future of steel industry in coming years.

POSCO participates in the world’s biggest Offshore Technology Conference

Established in 1969, OTC is the biggest international conference for offshore operation technology. For this year, 2,500 companies from 110 countries participated in the event. POSCO has been joining the conference for the last six consecutive years since 2008.

POSCO sets up a joint booth with five affiliates, emphasizing its ‘Value Chain’

During the event, a joint promotional booth was set for POSCO E&C, POSCO Specialty Steel, POSCO Plantec, Sungjin Geotec and POSCO Engineering. At the booth, POSCO’s energy steel plates, such as thick steel plates and API-X120, and a miniature model of offshore plant structure were exhibited to highlight the leading global steelmakers’ value chain.

POSCO catching the public eye with cutting-edge products

1,500 visitors, including Gwan-sub Lee, head of industry policies at the Ministry of Trade, Industry and Energy, major oil companies, EPC companies and energy equipment manufacturers called at the venue and showed great interests in POSCO’s competence in developing steel plates for energy uses.

POSCO also caught many eyes with its special reception for the major oil and EPC companies with a presentation illustrating the advantages of POSCO’s energy steel plates and POSCO subsidiary companies’ business competence, followed by a traditional Korean performance. POSCO also signed an MOU with Fugro, the world’s No.1 geotechnical company, as well as discussing cooperation methods and sales strategies for POSCO’s energy steel plates with Shell and the Korea National Oil Corporation.

During the reception ceremony, In-Hwan Oh, Head of Carbon Steel Business Division of POSCO, addressed “By participating in this conference, POSCO is aiming to maximize the synergy with Korea’s top 3 major shipbuilders and other equipment manufacturers through becoming a powerful supporter of oil and gas industries and a total solution provider.”

With the market data and contents of counseling collected from the conference, POSCO will strengthen the firm’s business and promotional activities in order to achieve the accompanied growth with other Korean corporates. In addition, POSCO will expand the sales of energy steel plates to the global top players of the energy industry by raising the brand awareness as well.