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Offshore Support Vessel Market

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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
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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apeksha motghare
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