Offshore spending recovery will bring safety challenges

摘要

There's a slow recovery underway in the offshore oil and gas sector. After years of lacklustre spending, offshore oil and gas majors are set to invest US$208Bn on offshore drilling and oilfield services this year. As a result, OSV operators are preparing for the recovery by reactivating a few vessels and recruiting and hiring new mariners. It's a welcome sign for the OSV market after many lean years, but it is one that comes with a big caveat. While we often focus on improvements to vessel designs, propulsion systems etc, we should not overlook a vessel's most important safety system - its crew.