West Africa Platform Supply Vessel Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers West Africa Platform Supply Vessel (PSV) Companies and the market is segmented by Geography (Nigeria, Senegal, Ghana, and the Rest of West Africa).

West Africa Platform Supply Vessels Market Size

West Africa Platform Supply Vessel Market Overview

West Africa Platform Supply Vessels Market Analysis

The West Africa Platform Supply Vessel Market is expected to register a CAGR of greater than 1.5% during the forecast period.

  • Increasing upstream activities in the offshore oil & gas sector are likely to drive the market during the study period.
  • West Africa's offshore region is expected to hold more than five thousand million barrels of crude oil and condensate. With the government's focus to increase crude oil production, the platform support vessel providers have the opportunity to offer their service for exploration and production activities in the near future.
  • With active participation in crude oil & natural gas exploration and production, Nigeria is expected to dominate the region during the study period.

West Africa Platform Supply Vessels Industry Overview

The West Africa platform supply vessel (PSV) market is consolidated. The key players in the market include Team Offshore Nigeria Limited, Petromarine Nigeria Limited, Aquashield Oil & Marine Services Limited, and GE Offshore Marine Services S.L among others.

West Africa Platform Supply Vessels Market Leaders

  1. Team Offshore Nigeria Limited

  2. Petromarine Nigeria Limited

  3. Aquashield Oil & Marine Services Limited

  4. GE Offshore Marine Services S.L

  5. *Disclaimer: Major Players sorted in no particular order
Team Offshore Nigeria Limited, Petromarine Nigeria Limited, Aquashield Oil & Marine Services Limited, GE Offshore Marine Services S.L
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West Africa Platform Supply Vessels Market News

  • In September 2021, Norwegian offshore vessel owner Solstad Offshore secured contracts for seven platform supply vessels in West Africa. The total firm duration of the contracts is approximately 1,000 vessel days, starting from the fourth quarter of 2021.

West Africa Platform Supply Vessels Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, till 2026
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitute Products and Services
    • 4.7.5 Intensity of Competitive Rivalry
  • 4.8 Assessment of the COVID-19 Impact on the Market

5. MARKET SEGMENTATION

  • 5.1 Geography
    • 5.1.1 Nigeria
    • 5.1.2 Senegal
    • 5.1.3 Ghana
    • 5.1.4 Rest of West Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Team Offshore Nigeria Limited
    • 6.3.2 Petromarine Nigeria Limited
    • 6.3.3 Aquashield Oil & Marine Services Limited
    • 6.3.4 GE Offshore Marine Services S.L
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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West Africa Platform Supply Vessels Industry Segmentation

The West Africa platform supply vessel (PSV) market report includes:

Geography Nigeria
Senegal
Ghana
Rest of West Africa
Geography
Nigeria
Senegal
Ghana
Rest of West Africa
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West Africa Platform Supply Vessels Market Research FAQs

What is the current West Africa Platform Supply Vessel (PSV) Market size?

The West Africa Platform Supply Vessel (PSV) Market is projected to register a CAGR of greater than 1.5% during the forecast period (2025-2030)

Who are the key players in West Africa Platform Supply Vessel (PSV) Market?

Team Offshore Nigeria Limited, Petromarine Nigeria Limited, Aquashield Oil & Marine Services Limited and GE Offshore Marine Services S.L are the major companies operating in the West Africa Platform Supply Vessel (PSV) Market.

What years does this West Africa Platform Supply Vessel (PSV) Market cover?

The report covers the West Africa Platform Supply Vessel (PSV) Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the West Africa Platform Supply Vessel (PSV) Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

West Africa Platform Supply Vessel Industry Report

Statistics for the 2025 West Africa Platform Supply Vessel (PSV) market share, size and revenue growth rate, created by Mordor Intelligenceâ„¢ Industry Reports. West Africa Platform Supply Vessel (PSV) analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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