Offshore support vessels play a crucial role in the offshore oil and gas industry by providing essential services to offshore oil and gas exploration, drilling and production operations. With the increasing demand for oil and gas, the growth of offshore oil and gas exploration and production projects, the demand for OSVs in the region foresees a significant growth in the coming 3 to 5 years. In fact, massive opportunities lie within the expansion plans of the region’s NOCs such as Saudi Aramco, ADNOC and Qatar Energy.

However, the offshore support vessel industry is facing many challenges that require a deep understanding of the market dynamics, operators’ needs, technological advancements, and regulatory requirements. Some of these challenges include the impact of the oil price on day rates, regional market characteristics, finances, security, and logistics.

The 2nd Offshore Support Vessel Conference, was hosted between 3 – 4 June 2024 in Abu Dhabi, UAE. Gathering offshore oil and gas production leaders, shipowners and shipbuilders, shipyards and charterers who uncovered the latest offshore oil and gas exploration and production projects, revealed latest innovative and commercial trends and new contracting opportunities for OSVs. The conference provided an exclusive platform for networking, collaboration, and innovation, in aim of creating a successful and sustainable future for the offshore support vessel industry.