OMC has grown to one of the major poles of the oil and gas business in the eastern hemisphere and the next edition scheduled in Ravenna – Italy, on March 28-30, 2001 will focus on The Evolving Geo-economics of Oil & Gas in the Mediterranean.

Indeed an issue to be debated is the role of "Oil Diplomacy" in opening new markets providing access to new resources and laying down new lines.

As for the previous editions OMC conference will also concentrate on the strategies and technologies aiming at the development of yet undiscovered reserves and at improving the oil production of existing fields.

To ensure continuity while preparing the fifth Offshore Mediterranean Conference, OMC has organised a one day Workshop on "HSE&Q and New Targets of E&P" that was held in Ravenna on March 24th, 2000 that followed by the annual OMC Golf Tournament on March 25th.