Report ID: SQSG10B2005
Offshore Support Vessels Market Size, Share, Growth Analysis, By Vessel Type(anchor handling tug/anchor handling towing supply vessels (AHT/AHTSS), platform supply vessels (PSV), others.), By Water depth(Shallow water, deep water), By End Users(Oil & Gas, Offshore applications), By Region - Industry Forecast 2024-2031
Report ID:
SQSG10B2005 |
Region:
Global |
Published Date: July, 2001
Pages:
270
|
Tables:
88 |
Figures:
76
Offshore Support Vessels Market Regional Insights
The North American region is dominating the market and expected to grow during the forecast period. Higher oil prices and lower drilling costs have resulted in a considerable increase in offshore oil and gas production in the North American region. In consequence, the region's strong offshore drilling activity is likely to be a major driver for the offshore support vessel industry. Shallow-water drilling activity in the Gulf of Mexico has been declining due to lower production rates in the same fields where the operators operate and a lack of shallow-water discoveries in the recent picture.
China, India, Indonesia, Malaysia, Vietnam, and Thailand are among the key economies in Asia Pacific that are focusing on growing their offshore E&P CAPEX. CAPEX for new offshore developments in Asia Pacific is estimated to account for over 25% of worldwide spending, according to Scottish Development International, making the region a prominent player in the offshore sector. A number of nations in the region are prioritising new offshore activities in deep and ultra-deep waters.
Offshore Support Vessels Market Report Snapshots
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