Electrification is the most practical solution for decarbonization, especially as renewable generating capacity increases and momentum to electrify vessels, including FPSOs, continues to build. However, the industry still faces headwinds, including high upfront costs, a lack of supporting infrastructure and properly trained personnel, and gaps in standards.
High demand and limited suppy of Offshore Support Vessels (OSVs) in the Middle East is leading a rethink of the usual 15-year age limit for contracted vessels.