Offshore Mooring Systems Market in West Africa to Reach a Value of US $470.2 Mn over 2016-2024

Albany, NY — (PRESS RELEASE JET) — 10/25/2017 — The market research study analyses Offshore Mooring Systems Market for West African region. It provides market estimates in terms of revenue expressed in US$ Million for a forecast period from 2015 to 2024. The report study thoroughly recognizes major drivers, restraints, key opportunities and analyses their impact on the market for the forecast period. The report provides in depth analysis of Porters Five forces and also identifies value chain of the offshore mooring systems market for the West African region.

Offshore mooring systems assists anchorage of marine assets including vessels, barges, tugs and support vessels. Mooring is a permanent structure on which a vessel is secured or tied in. A mooring system collectively stalls free movement of a ship on water thus assisting it for its specific and desired use. Offshore mooring systems fixes the position of a vessel relative to a point on the sea-bed without any connection to shore. Mooring system includes anchors, mooring lines, shackles, steel/synthetic wires and chains. Vessel type and environmental conditions like wave / drifting forces, swell, wind & current forces determines component and equipment’s to be used in a particular mooring system.

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Recent fall and fluctuations in global crude oil prices has not deterred exploration activities in West Africa. The demand for energy, especially from exploration of oil and gas, is constantly on the rise. Major offshore production facilities are in Gabon, Angola, Ghana, Congo Brazzaville and Ivory Coast. New projects are also underway in this region which are expected to provide positive growth opportunities for the offshore mooring systems market. Most of the global major players in offshore mooring systems are entering West Africa offshore to expand market presence.

West Africa Offshore Mooring Systems Market: Segmentation

Based on the type of mooring systems, the catenary, taut leg system, semi-taut system, single point mooring, spread mooring and dynamic positioning are also expected to augment the West African offshore mooring systems market.

Based on application of offshore mooring system, the market for West Africa is segmented into Floating Production, Storage and Offloading (FPSO) Vessels, Floating Drilling, Production, Storage and Offloading (FDPSO) Vessels, Floating Liquefied Natural Gas (FLNG) Vessels, Tension Leg Platform (TLP), Semi-submersibles, Spar platforms and others mooring systems.

Offshore mooring is utilized for renewable energy generation for offshore including wave and tidal energy. West African region is dominated by oil and gas exploration, renewable energy sites are under survey stage and are set to get momentum during the forecast period.

West Africa Offshore Mooring Systems Market: Competitive Analysis

The forecast period considered in the report is from 2015 to 2024 wherein strategic analysis of the offshore mooring systems for West Africa has been provided. The report has been segmented by type, application, anchorage and country for the forecast period. Leading players in the offshore mooring systems market have been profiled with the market strategies adopted by them, company overview, financial overview, business segments, strategies and developments.

The company’s included, but not limited to, are: SBM Offshore N.V., MDEC, Inc., Grup Servicii Petroliere S.A, Mampaey Offshore Industries B.V, FMC Technologies Inc., BW Offshore Ltd., Trelleborg Marine Systems, Timberland Equipment Ltd., Mooring Systems Inc., and Delmar Systems, Inc.

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The report segments the West Africa offshore mooring market as:

By Type

Catenary
Taut Leg
Semi-taut
Spread
Single Point
Dynamic Positioning

By Application

Floating Production, Storage and Offloading (FPSO) Vessels
Floating Drilling, Production, Storage and Offloading (FDPSO) Vessels
Floating Liquefied Natural Gas (FLNG) Vessels
TLP
Semi-submersibles
Spar platforms
Others

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About the Author: Carrie Brunner

Carrie Brunner grew up in a small town in northern New Brunswick. She studied chemistry in college, graduated, and married her husband one month later. They were then blessed with two baby boys within the first four years of marriage. Having babies gave their family a desire to return to the old paths – to nourish their family with traditional, homegrown foods; rid their home of toxic chemicals and petroleum products; and give their boys a chance to know a simple, sustainable way of life. They are currently building a homestead from scratch on two little acres in central Texas. There’s a lot to be done to become somewhat self-sufficient, but they are debt-free and get to spend their days living this simple, good life together with their five young children. Carrie writes mostly on provincial stories.
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