OSV sector to grow 10% in the next 3 years, says Icon CEO


KUALA LUMPUR: Malaysia's offshore support vessel (OSV) industry is expected to grow by 10% in the next three years, driven by the increase in drilling activities by the oil and gas (O&G) companies.

Icon Offshore Bhd chief executive officer, Dr Jamal Yusof, said the exploration and production expenditures of Petroliam Nasional Bhd (Petronas) as well as other O&G companies will help boost demand for OSVs.

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