From an insight perspective, this research report has focused on various levels of analysis, such as, industry analysis (industry trends), market ranking of top players, supply chain analysis, and company profiles, which together comprises and discuss the basic views on the competitive landscape
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Offshore Decommissioning Market by type 2017-2022 by new Service spreads across 190 pages profiling 20 companies and supported with 63 tables and 41 figures available at ReportsnReports.com
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“The offshore decommissioning market is projected to grow at a CAGR of 5.05%,from 2017 to 2025.”
The offshore decommissioning market is projected to reach USD 8.76 billion by 2025, growing at a CAGR of 5.05%, from 2017 to 2025. Offshore decommissioning is plugging the oil and gas wells which are matured and are non-productive.
Maturing oil and gas fields and aging infrastructure in the North Sea and Gulf of Mexico are driving the offshore decommissioning market. Low crude oil prices are other major driver for this market. - Agency -.
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“The European market is expected to grow at the highest CAGR, from 2017 to 2025.”
Europe is the largest market, by value, for offshore decommissioning, followed by North America. The European market is also projected to be the fastest growing market, during the forecast period, owing to mature oil and gas fields, particularly in the U.K.
and the North Sea. The impending cessation of production in major oil and gas fields would ensure that the European market would grow at the highest pace. Europe is estimated to witness the highest offshore decommissioning spending, with its well-developed regulatory framework compared to other regions.
Offshore Decommissioning Market, By Service Type, 2015-2025 (USD Million)
Project Management, Engineering and Planning
Permitting and Regulatory Compliance
Well Plugging and Abandonment
Mobilization and Demobilization of Derrick Barges
Pipeline and Power Cable Decommissioning
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Fundamentals of Table of Content:
7.Offshore Decommissioning Market, By Depth, 2015-2025(USD Million)
7.2. Shallow Water
7.3. Deep Water
8.Offshore Decommissioning Market, By Removal Type, 2015-2025 (USD Million)
8.2. Leave In Place
8.3. Partial Removal (Includes Toppled In Place)
8.4. Complete Removal
9.Offshore Decommissioning Market, By Structure, 2015-2025 (USD Million)
9.4. Subsea Infrastructure
- 12 Company Profiles
12.1. Leading Offshore Decommissioning Service Provider
12.1.1. Able UK
12.1.2. Af Gruppen
12.1.3. Aker Solutions
12.1.5. Amec Foster Wheeler
12.1.6. Claxton Engineering Services Ltd
12.1.8. DNV Gl AS
12.1.9. Heerema Marine Contractors
12.1.10. Petrofac Limited
12.1.11. Ramboll Group
12.1.12. Subsea 7
12.1.14. Tetra Technologies, Inc.
12.1.15. Wood Group Mustang
12.2. Key Operator Profiles
12.2.1. BP Plc
12.2.2. Exxon Mobil Corporation
12.2.3. Chevron Corporation
12.2.4. Statoil ASA
12.2.5. Royal Dutch Shell Plc
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