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Growth of Offshore Support Vessel Market Forecast to 2024 in a Newly Released Report Profiling Bourbon, Seacor Marine, Farstad, Swire, Tidewater, Gulfmark, Hornbeck, Havila Shipping, Maersk

09-24-2018 12:26 PM CET | Logistics & Transport

Press release from: marketstudyreport.com

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Growth of Offshore Support Vessel Market Forecast to 2024 in

MarketStudyReport.com Adds New Offshore Support Vessel Market 2017 – 2024 research report providing information and data By Vessel, By Water Depth, Industry Analysis, Regional Outlook, Application Potential, Competitive Market Share & Forecast spreading across 870 Pages with table and figures in it.

Global Offshore Support Vessel Market will exceed USD 60 billion by 2024, as reported in the latest study.

Shifting trends toward exploration and production across subsea coupled with ongoing expansion of deep-water projects will drive the offshore support vessel market. Growing measures to untap the unexplored hydrocarbon reserves will further stimulate the business outlook. As per EIA, in 2016, Gulf of Mexico accounted for 16% of total U.S. crude production and 4.5% of dry natural gas production.

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Rising demand for floating production units and drillships will foster the platform supply vessel market growth. Growing installation of FPSOs and FLNG platforms on account of its large production and storage capacity will complement the industry outlook. In 2016, Petronas' first FLNG unit commenced its operation with a processing capacity of 1.2 mtpa at the Kanowit deep-water field in Malaysia.

Norway offshore support vessel market is predicted to surpass 400 OSV fleet by 2024. Strong orderbook of Norwegian shipyards to cater the O&G industry will positively influence the industry landscape. As per the U.S. Energy Information Administration, in 2016, 7% of global offshore oil production was originated from Norwegian fields.

U.S. offshore support vessel market is predicted to witness strong growth on account of mature industry and low-risk investment region. Availability of resources across untapped fields along with large ongoing projects will supplement the product demand. A manned tripod structure with a capacity of 5 million cubic feet of gas per day and 4,500 barrels of oil per day is planned to be installed in the U.S. Gulf of Mexico by end of 2017.

Saudi Arabia offshore support vessel market is set to witness gain over 4% by 2024. Ongoing drilling activities along with new subsea E&P projects will augment the industry landscape. The country has several fields including Safaniya oil field that produces 1.1 to 1.5 million barrels per day and holds 13% of the world total offshore oil production.

Brazil in 2016, accounted for over 60% of the Latin America offshore support vessel market share. Predominant expansion of deep-water pre-salt projects along with positive outlook towards subsea E&P will embellish the industry outlook.

Notable players in global offshore support vessel market include Bourbon, Seacor Marine, Farstad, Swire, Tidewater, Gulfmark, Hornbeck, Havila Shipping, Maersk, REM Maritime, Siem, Solstad, Vroon, Edison Chouset, Harvey Gulf and Island Offshore.

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Table of Content:

Chapter 1. Methodology and Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Market definition & forecast parameters
1.2. Data sources
1.2.1. Primary
1.2.2. Secondary

Chapter 2. Executive Summary
2.1. Offshore Support Vessel industry 360 degree synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Vessel trends
2.1.3. Water Depth trends
2.1.4. Fuel trends
2.1.5. Regional trends

Chapter 3. Offshore Support Vessel Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024 (USD Million)
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.4. Innovation and technology landscape
3.5. Global trends for deep-water and ultradeep water activities
3.6. List of key new deep-water discoveries in Gulf of Mexico
3.7. Oil production trends
3.7.1. Offshore vs onshore
3.8. Regulatory landscape
3.8.1. U.S.
3.8.2. UK
3.8.3. Europe
3.8.4. China
3.9. Industry impact forces
3.9.1. Growth drivers
3.9.1.1. North America
3.9.1.1.1. Growing demand for offshore E&P
3.9.1.1.2. Untapped potential across deep water fields
3.9.1.2. Europe
3.9.1.2.1. Regulations toward marine emissions

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