OTC: See you next year

otc12
Steve Campbell/Chronicle

Long registration lines earlier this week foreshadowed another big attendance year at OTC.

As if we needed another sign these are boom times in the oil and gas business.
The 2008 Offshore Technology Conference attracted 75,092 attendees this week, up 11 percent from a year ago. It marks a 26-year high for one of the industry’s premier meetings.
The conference, which ran Monday through Thursday at Reliant Park, drew 2,500 companies from more than 35 countries. They showcased massive steel equipment and high-tech products used to extract oil and gas from the ocean’s deepest waters.
Attendance often correlates with the strength of the energy sector, going up when things are good, falling in down cycles.
In 1982, the conference attendance topped 100,000, but fell by nearly half the following year as the oil bust set in. In 1984 there was no exhibition floor, but by 1991 OTC had started growing consistently again as the industry rebounded.

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