Field development holds the key to growing OSV demand

摘要

Demand for offshore support vessels (OSVs) in the Middle East remains robust despite the recent fall in oil prices. Energy companies are reviewing global exploration and production investments while keeping a close eye on oil price. So far, this has had only a limited impact on vessel demand in the region. According to Hassan Abouraya, Zamil Offshore business development, intelligence marketing and risk management executive, oil price fluctuations and political unrest in the Middle East, as well as other factors, have led to energy market instability, but the Middle East OSV market remains positive. "In spite of regional geopolitical uncertainty, demand is generally steady, slowing in a few areas, but increasing in others within the Middle East," he said.