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Seeing downturn as an opportunity - Red Deer Oil and Gas Expo

Plunging world oil prices have been felt at industry trade shows all year.But the companies that are coming out are as focused as ever, said Red Deer Oil and Gas Expo organizer Dwayne McArthur.

Plunging world oil prices have been felt at industry trade shows all year.

But the companies that are coming out are as focused as ever, said Red Deer Oil and Gas Expo organizer Dwayne McArthur.

“It absolutely has affected things, there’s no doubt about it.”

Even perennial sell-out Global Petroleum Show in Calgary this summer had spaces left this year, McArthur said.

Despite the economic downturn, Red Deer’s show running Sept. 17-19 at Westerner Park expects to have 300 to 400 exhibitors, putting it on par with its inaugural 2013 event.

“The people who are coming are very serious about marketing at this economic time,” he said.

Plenty of companies are using the downturn as an opportunity.

“We have actually had businesses pull out because they don’t have enough staff or equipment to bring to the show — that’s how busy they are.

“We call them true Albertans. They’ve learned how to do this before,” he said with a laugh.

The expo has been extended to three days this year and more indoor and outdoor space has been lined up.

A Thursday-Saturday format was based on feedback from the first show and makes it easier for out-of-towners to attend.

The Stockmen’s and Prairie Pavilions will be home to the indoor booths and the parking lot out front has been reserved for other exhibitors. The show is aimed at the industry and is not recommended for children under 16.

Among new events this year is an exhibitors meet and greet at the Red Deer College on Wednesday evening from 6 to 9 p.m. that will include tours of the college’s Applied Research and Innovation wing.

The Expo runs from 10 a.m. to 5 p.m. on Thursday and Friday and 10 a.m. to 3 p.m. on Saturday.

For more information go to www.reddeeroilandgasexpo.ca

pcowley@www.reddeeradvocate.com