Middle East Offshore Support Vessels Market Outlook to 2021 - Research and Markets
Research and Markets has announced the addition of the "Middle
East Offshore Support Vessels Market Outlook to 2021 - Market Analysis
by Geography, Type of Vessel, Competitive Landscape, Key Company
Information - Growth Trends and Forecasts" report to their
offering.
The report analyzes the Market Definition for offshore support vessels
along with identification of key drivers and restraints for the market.
In Middle East, the increased exploration activity has led to the
increase in the jack up rig count which is a major driver for the
offshore support vessels market. With new oil and Energy and Power
projects coming up along the region, Middle East market for offshore
support vessels is on the rise. There has been a significant evolution
of offshore support vessels in terms of reliability, diversification,
and in their worldwide operation and water depth capabilities.
The different categories of offshore support vessels available today are
increasing with an increase in technological sophistication. As oil and
gas explorations move towards deeper waters, multi-functional offshore
support vessels are now called upon to perform different tasks, and have
created various niches or categories within the market. Present day
offshore support vessels are equipped with increased cargo capacity,
panoramic navigation bridge visibility, large accommodation spaces,
enhanced crew amenities and state-of-the-art propulsion and automation
systems.
Efforts are now underway globally to explore new areas for oil and gas
in view of decreasing reserves. Operators and explorers are now moving
in to much deeper seas, where the use of subsea systems is prominent.
Factors such as declining oil and gas reserves, increasing energy
demand, and growth in subsea exploration activities are driving the
market. On the flip side, environmental barriers such as occasions when
the operators are forced to work in harsh environments, high initial
costs, and lack of skilled labor are constraining the growth of the
market.
Drivers, Constraints and Opportunities
Drivers
-
Increasing Investments in Offshore Exploration
-
Increasing Number of Offshore Oil Fields
-
Increasing Energy Demand
Constraints
-
Political Problems
-
Environmental Issues
-
High Vessel Rates
-
High Initial Investment
Opportunities
-
New Technology Innovations
-
Dependencyon Oil and Gas Prices
Key Company Analysis
-
Bourbon Offshore
-
Bass Marine Pty Ltd
-
Deep Sea Supply Plc
-
Edison Chouest
-
Eidesvik Offshore
-
Farstad Shipping ASA
-
GulfMark
-
Gulfshield
-
Harvey Gulf International Marine
-
Intermarine Llc
-
Maersk Supply Service
-
Rem Maritime As
-
Seacor Marine
-
Siem Offshore
-
Swire Pacific Offshore
-
Tidewater Inc.
For more information about this report visit http://www.researchandmarkets.com/research/txgm2z/middle_east
View source version on businesswire.com: http://www.businesswire.com/news/home/20170519005355/en/
Copyright Business Wire 2017
Source: Business Wire
(May 19, 2017 - 9:08 AM EDT)
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