World's Largest Petroleum Expo cippe with Potential Contracts Worth $10 Billion
As the petroleum equipment sector grows against the general trend of retraction, petroleum exhibitions are extraordinarily popular.
Despite the impacts of the global economic slowdown this year, data indicate that the petroleum equipment sector has been growing against the general trend of retraction. The petroleum drilling equipment market is particularly prospering. During the first 5 months of 2012, the manufacturers of petroleum drilling equipment earned a total profit of RMB 3.659 billion, representing a year-on-year growth of 44.16%, 22.32 percentage points higher than the same period of last year.
With the continuous expansion of onshore petroleum extraction, deep-sea petroleum exploration, and development of unconventional oil and gas, the petroleum drilling equipment sector is widely believed to have a rosy prospect.
The thriving of the petroleum equipment sector has led to crowded exhibitions. It is reported that cippe, the world's largest exhibition of the petroleum industry annually held in Beijing in March, had more than 60% of its booths booked in only 2 months.
On one hand, nearly 100 enterprises will have their debut show at cippe, while on the other hand, previous exhibitors will increase the size of their exhibition area this year. For example, the CNPC Pavilion intends to increase their area of exhibition from last year's 4,000m2 to 6,000m2; SINOPEC plans to take an area of 3,000m2 for its engineering survey; Jereh's exhibition area will expand from 750m2 to 1,200m2; Creat Group's to 750m2 and Xi'an KOSUN's from 90m2 to 350m2.
A well-chosen exhibition can bring contracts worth billions.
cippe boasts three unique advantages compared with other petroleum equipment exhibitions:
- Real products are demonstrated in large scale at cippe. It covers a total area of 80,000m2, with 1,500 companies exhibiting various types of equipment.
- cippe has a long history and enjoys a good fame. With 12 successes, cippe has gathered a group of loyal exhibitors which have been attending cippe for at least 5 years.
- cippe has also gathered a group of professional buyers to attend the exhibition, whose great financial strength is always cippe's biggest attraction.
In 2012, the 160 professional purchasers invited by the Organizing Committee brought great business opportunities to cippe's exhibitors. Renowned companies like Shell, BP, TOTAL and Statoil were among them. Half of these invited purchasers came with clear purchasing plans, and more than 80% of them had plans to visit particular exhibitors. It is forecast that cippe 2013, which will be held from March 19-21, 2013 at China International Exhibition Center (New Venue) in Beijing, will again see orders worth more than $10 billion pouring in.
About cippe 2012
The China International Oil & Petrochemical Technology and Equipment Exhibition (cippe) is an industry convention of the international petroleum and petrochemical industries. Held in Beijing in spring annually, it is an exhibition of the highest class in the world that has obtained the certification of UFI. cippe 2012 attracted 1,500 exhibitors and 12 government-led exhibition groups from 62 countries and regions. With an area of more than 80,000m2 and 50,000 professional visitors, cippe 2012 became the largest exhibition of the petroleum industry in the world. Initial intents of cooperation were reached with a total value of nearly $10 billion.