To define, describe, and forecast the global offshore decommissioning market by service, removal type, depth, structure and region, in terms of value To provide detailed information regarding the major factors, such as drivers, restraints, opportunities, and industry-specific challenges, influencing the growth of the offshore decommissioning market
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The global offshore decommissioning market is estimated to be USD 5.91 billion in 2017, and is expected to grow at a CAGR of 5.05%, from 2017 to 2025. Maturing oil and gas fields and aging offshore infrastructure will drive the offshore decommissioning market.
The report segments the offshore decommissioning market, on the basis of service, into project management, engineering and planning, permitting and regulatory compliance, platform preparation, well plugging and abandonment, conductor removal, mobilization and demobilization of derrick barges, platform removal, pipeline and power cable decommissioning, materials disposal, and site clearance. The well plugging and abandonment segment accounted for the largest market share in 2016, driven by demand from the European market.
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Well plugging and abandonment accounts for up to 45% of the total decommissioning cost of project.
The report also segments the offshore decommissioning market, on the basis of the depth at which decommissioning projects happens, into shallow water and deepwater. The shallow water segment was the largest market and is projected to maintain its edge over the deepwater segment owing to its lower operational costs.
However in the future, the deep water segment would compete with shallow water as many platform installations now are at deep water and ultra-deep water depths.
*Top 20+ Companies Analyzed for This Studies are- The leading players in the offshore decommissioning market include Amec Foster Wheeler Plc (U.K.), Aker Solutions ASA (Norway), Ramboll Grooup (Denmark), AF Gruppen ASA (Norway), Technipfmc Plc (France), John Wood Group Plc (U.K.), and Tetra Technologies Inc., (U.S.)
The report’s target audience includes:
- Offshore decommissioning service providers
- National oil companies
- International oil & gas companies
- Offshore platform operators
- Associations and industry bodies
- Regulatory and environmental bodies
- Consulting companies dealing with the offshore decommissioning industry
- Offshore logistics and ship authorities
Key Point from Table of Content
Offshore Decommissioning Market, By Service Type, 2015-2025 (USD Million)
Project Management, Engineering and Planning
Permitting and Regulatory Compliance
Offshore Decommissioning Market, By Depth, 2015-2025(USD Million)
Offshore Decommissioning Market, By Removal Type, 2015-2025 (USD Million)
Leave In Place
Partial Removal (Includes Toppled In Place)
Offshore Decommissioning Market, By Structure, 2015-2025 (USD Million)
*Details on Overview, Strength of Product Portfolio Business Strategy Excellence Products Offering, Recent Development’s, Business Strategy Might Not Be Captured in Case of Unlisted Companies.
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