Years of under investment, rapid recovery in demand, and geopolitical developments have driven oil prices to 2014 highs and upstream cash flows to record levels. Although oil prices are near 2013–2014 levels, upstream Capex is still expected to be lower. Through efficiency gains, focus on best acreages and wells, re-fracking of shale wells, and monetization of drilled but uncompleted well (DUC) inventories, the industry has increased production without increasing Capex proportionately.
The effect on the marine services to the Upstream Oil and Gas sector have seen the cautious growth due to the above facts. The global marine port and service industry is also predicted to reach $105.5 billion by 2027, growing at a 3.5 percent CAGR from 2021 to 2027.
The surge in seaborne trade, expansion of port infrastructure and the increase in Upstream Oil and Gas sector are major factors driving the growth of the Maritime, Port and Offshore vessels services business. There are numerous firms that are stepping up to provide services in this field, Oil and Gas Sector in Particular. Set up in 2020, AMCA MARINE CONSULTING provides a onestop
solution for Maritime expertise while upholding the highest technical and business ethics standards.
AMCA is an ISO 9001:2015 certified company by the ABSQE and is known for offering Advance Marine Consulting and Advisory Solutions to the marine and offshore industry. “We at AMCA have a pool of experienced & qualified team members that have substantial experience in Marine Operations & Marine Engineering and IT as well as other necessary infrastructural support to deliver the services on time. Our key strength is our Ethical practice, expertise, competency and timely delivery with a strong focus on providing technical backed up objective opinion to our clients”, says Rakesh Ranjan.
Established to deliver a one-stop shop for marine expertise while also guaranteeing that only the highest standards of engineering and business ethics are adhered to by its employees. The firm offers advanced marine consulting and advisory services in the areas of insurance, protection and indemnity, technical and commercial advisory, risk management, asset integrity management, and helideck consulting for the offshore industry.
These services are provided for the commercial shipping industry, as well as ports and the oil & gas offshore/ onshore industry. AMCA surveys, audits, inspections, and marine advice assure compliance, safety, and costeffectiveness without compromising operational and technical excellence. Few of its clients are HAL Offshore, SEAMEC, SA Exploration, M Pallonji, Asian Alliance Pte. Ltd. and more. The firm also boosts operational, technical, and commercial performance. AMCA has an Accredited Vessel inspector, IMCA Accredited DP Assurance practitioner, IDA-approved surveyor, and CAP437 Helideck inspector in addition to other accreditation required for such audits/ inspection.
The DP (Dynamic Positioning) mechanism, which is a significant part of the Offshore vessel operation, assists in keeping offshore vessels in position in severe maritime environments using its thrusters. AMCA has an IMCAAccredited DP Trial and Assurance Practitioner and are able to provide fully industry compliant services from India without relying on external help.
Future Roadmap
AMCA MARINE CONSULTING’s revenue has grown fairly decent with the increase in the Upstream O & G sector and larger marine sector. AMCA's mission and vision are straightforward -‘To deliver top-notch, ethical, and industry-compliant marine consulting services globally from India’. All of its major competitors at the moment are international corporations. In future, AMCA wishes to develop further into other parts of the world and work with overseas businesses as an Indian enterprise.
