The West African OSV sector was among the hardest-hit by the impacts of Covid-19 on the offshore oil and gas industry in 2020. However, against the backdrop of tight supply, regional market conditions have clearly improved in 2021. With large PSV dayrates now at their highest level since 2015 in West Africa, this month’s Analysis reviews the swift evolution of the sector’s fortunes over the past 18 months.

West Africa: PSV Shortage Generates Rate Momentum…

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