Floating assets have long been installed, operated and maintained to support oil and gas (O&G) production. The emerging floating wind sector has specific challenges to overcome, but also opportunities to build strategies informed by O&G experience.

Opportunities and challenges The global offshore floating wind market is expected to soar from 60 MW to more than 25 GW by the mid-2030s, with some forecasts anticipating 260 GW by 2050. However, operators face installation, and operations and maintenance (O&M) challenges relating to complexity, equipment size and distance from shore. While some of these challenges are unique to the sector, there is an opportunity for floating wind developers to build installation and O&M strategies that are informed by O&G experience.