EXCLUSIVE DOWNLOAD: Multi-billion dollar oil and gas projects to boost Middle East workboats and offshore

The offshore and workboat sectors in the Middle East stand to benefit from $211bn in ongoing oil, gas and petrochemical projects.

The figures from by MEED, a Dubai-based business intelligence and analytics specialist, are highlighted in new a Seatrade Maritime report titled ‘Middle East Offshore Market on the Move’, which is available for free download to readers.

The report further points out that multibillion relevant projects in the region is expecting to inject new energy into the sector. According to MEED ongoing oil, gas, and petrochemical projects, which have a combined value of $211bn, and these projects are on top of other initiatives valued at $242bn that are now at various pre-execution stages.

“While some of these projects focus on onshore investment, they will still directly or indirectly impact workboat operators. Large corporations behind these major initiatives, along with offshore oil developments, will require a wide range of vessel types for the timely completion of their projects,” says the report’s author Paul Bartlett, director, PB Marine Consulting, and Seatrade Maritime News correspondent.

“These include platform support vessels, anchor handlers, cable- and pipe-layers, trenching units, inspection, maintenance and repair (IMR) ships, subsea construction vessels, and survey ships, among others.”

Download your free copy of the report NOW

The report is released ahead of the Seatrade Offshore Marine and Workboats 2019, which will take place from September 23 to 24, 2019 in Madinat Jumeirah in Dubai. The leading conference and trade show for the global offshore marine and workboat industries will gather and connect a powerful network of influencers, leaders, and innovators to discuss industry opportunities and challenges as well as the latest trends and developments.

Posted 25 July 2019

© Copyright 2019 Seatrade Informa Markets. Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Seatrade Informa Markets.

Seatrade Offshore Marine & Workboats MIddle East 2019 | Conference Programme

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Marcus Hand

Author Bio ▼

Editor, Seatrade Maritime News Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with nearly two decades of experience covering the shipping industry in Asia. In addition to running Seatrade's maritime and offshore news website based from Singapore he is the Asia Editor of Seatrade Maritime Review. Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Prior to joining Seatrade at the beginning of 2010 Marcus worked for shipping industry journal Lloyd's List for a decade and previous to that the Singapore Business Times covering shipping and aviation.

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