Offshore Support Vessel

Offshore Support Vessel Market – Global Industry Insights, Trends,
Outlook and Opportunity Analysis, 2018-2025
Asia Pacific is accounted to have fastest growth in the offshore support vessel market, owing
to increase in globalization and energy demand from economies, such as China, India,
Malaysia, and Indonesia. Development in technology has led to augment in the offshore
support vessel market. Furthermore, increasing consumption and offshore E&P development
in Australia, South China Sea, and Gulf of Thailand have driven the offshore support vessel
market in this region. According to Baker Hughes, the offshore rig count in Asia Pacific in
March 2017 was 76 as compared to March 2016, which was 70.
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North America is witnessed to have a prominent growth in the offshore support vessel market
owing to the increasing production activity in the Gulf of Mexico. Latin America is witnessed
to have a burgeoning growth, owing to increase in E&P activities in Golden Triangle (Brazil).
According to the U.S. Energy Information Administration, total offshore production has
grown by 6.5% in the U.S. In 2016, Gulf of Mexico is anticipated to witness a production of
0.1 million b/d and 0.2 million b/d in 2017.
Middle East is projected to have a significant growth in the offshore support vessel market
owing to the rising offshore production activities in Saudi Arabia. According to the U.S
Energy Information Administration, Saudi Arabia is the world’s largest producer in offshore
field comprising of 13% of world’s total offshore production including Safaniya oil field,
with the highest production of 1.1 to 1.5 million b/d.
The major players operating global offshore support vessel market are maEdison Chouest
Offshore, Abdon Callais Offshore, Havila Shipping ASA, Farstad Shipping ASA, Gulfmark
Offshore Inc., Bourbon Offshore Marine services, and Island Offshore Management AS.
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Offshore Support Vessel Market report is segmented on the basis of type and water depth– Global Industry Insights, Trends, Outlook and Opportunity Analysis, 2018-2025