15 February 2024

Evaluation of the offshore investment market by LCI Analytics suggests that 2024 will be another strong year for offshore project sanctioning.  $37.5 Billion of floating platform projects have an expected Final Investment Decision (FID) in 2024. These projects are typically a key driver for offshore helicopter activity with the floating platforms having an operating life of between 7 and 40 years and onboard crews stretching into the hundreds in some cases. The platform teams on offshore production systems normally change over by helicopter every 2 or 3 weeks depending on schedules. This forms the backbone of offshore helicopter activity for floating platform projects. Helicopters are also used to support mobile drilling rigs and construction/support vessels. 

LCI Analytics has developed proprietary models to predict helicopter demand based on a number of platform parameters such as distance from shore, passengers on board, crew change cycles and helideck weight restrictions – contact us to learn more

For a full list of expected FIDs on Floating Platform projects in 2024, please follow our channel, get in touch and we will send you the list.

Footnote: FLNG – Floating Liquefied Natural Gas, FPSO – Floating Production Storage and Offloading, FPSS – Floating Production Semi-Submersible, FSO – Floating Storage and Offloading, MOPU – Mobile Oil Production Unit