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Operational trends and growth analysis of offshore service vessels in -oil and gas sector
Journal article   Open access

Operational trends and growth analysis of offshore service vessels in -oil and gas sector

Vivian Ngozi IKEOGU, Henry Babatunde Akinfiro, Christopher C. Ikeogu, Chidiebere U Ekeugo and Wilfred Isioma Ukpere
2026
Handle:
https://hdl.handle.net/10210/520966

Abstract

The efficient deployment of Offshore Service Vessels (OSVs) is critical for the productivity of Nigeria's offshore oil and gas sector. However, a lack of empirical, long-term data on vessel operational trends has hindered strategic planning and fleet optimization. This study analyzes the trend of operation and quantifies the average rate of change in the deployment of key OSV types— Platform Supply Vessels (PSVs), Anchor Handling Tug Supply (AHTS) vessels, Crew Boats (CBs), Line Handling Tugs (LHTs), and Security Escort Vessels (SEVs)—in Nigeria's Niger Delta region from 2009 to 2023. Using quantitative research design, secondary data were collected from regulatory agencies and analyzed using trend analysis and linear regression. The results Issue 2/2026 312 reveal a significant upward trajectory in overall OSV deployment, driven predominantly by deepwater exploration. PSVs and AHTS vessels exhibited the strongest growth, with average annual rates of change of +5.2% and +4.7%, respectively, and highly significant positive regression trends (R² > 0.89). Security Escort Vessels (SEVs) also showed moderate growth (+3.1%), linked to enhanced maritime security initiatives, while CBs and LHTs demonstrated only mild increases. The study concludes that Nigeria's offshore logistics system is undergoing a structural shift towards specialized vessel utilization. It recommends strengthening indigenous fleet capacity through the Cabotage Vessel Financing Fund (CVFF), enhancing policy coordination, and investing in modern port infrastructure to sustain this growth and improve local content in the maritime logistics value chain.
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