Call for New oil & Gas Reserves to drive the Seismic Vessels Market
With existing oil & gas fields witnessing aging in the onshore locations, the need for better exploration of oil & gas reserves ought to accelerate the seismic vessels market. Also, the fact that petroleum products are being excessively consumed all across can’t be ignored. This could be attributed to speedy urbanization and industrialization. Continuous increase in the demand for various refined products in numerous end-use industries has bolstered investments in the production and exploration of the oil & gas reserves in offshore locations. This has, in turn, propelled the seismic vessels market and the scenario is expected to remain the same even in the forecast period.
At the same time, the harsh reality that prices of oil & gas are volatile can’t be put on the backburner. Persistence Market Research has walked through these facts with probable calls to action in its latest market study entitled “Seismic Vessels Market”.
How is the Seismic Vessels Market dispensed?
The global seismic vessels market, by depth, spans deep water and shallow water. BY type of acquisition, it’s 2D, 3D, and 4C/4D. Out of these, deep water holds the largest market share (over 60%). Persistence Market Research has etched these findings with future perspectives in its latest market study entitled “Seismic Vessels Market”.
North America holds the largest market share due to the quest of the US to be the no. 1 oil-producing nation across the globe. LATAM is expected to follow suit. However, EMEA holds the largest market share due to the region being home to a huge number of unexplored and untapped oil & gas reserves on the whole. The busiest offshore oil & gas reserves in the world comprise the Gulf of Guinea, North Sea, Mediterranean Sea, and the Norwegian Sea. Persistence Market Research has enlisted these facts with insights in its latest market study entitled “Seismic Vessels Market”.
Persistence Market Research has profiled the key players in the seismic vessels market as Mitsubishi Heavy Industries, Ltd., Ulstein Group, Singapore Technologies Engineering Ltd., Drydocks World, Hijos de J. Barreras SA, Factories Vulcano, Niestern Sander, ASL Marine Holdings Ltd., Kleven Maritime AS, Cemre Shipyard, Besiktas Shipyard, Fosen Yard AS, and likewise. These players are engaged in organic as well as inorganic modes of expansion to strengthen their foothold in the seismic vessels market. They include mergers, acquisitions, new product launches, joint ventures, and partnerships.