Market Highlights
The oil production from the world’s giant old fields, is continuously declining, and is expected to decline further. This is driving the global oil and gas companies to focus on cost effective ways of decommissioning these fields, while maintaining focus on high environmental and safety standards. According to Oil and Gas Authority. Aberdeen, Scotland, a total of 1,832 wells are forecast to be plugged and abandoned in the North Sea and Norwegian Continental Shelves region. The decommissioning of oil and gas fields help companies develop expertise that can be exported throughout the world, from the Gulf of Mexico to the South China Sea that can generate revenue and also can create thousands of highly skilled jobs.

Global Offshore Decommissioning Market is predicted to grow at approximately 6.93% by 2023

Topside market is expected to grow at the highest rate.
Topside accounted for the largest market share of 55.65% in 2016, with a market value of USD 1,804.6 million and is projected to grow at the highest CAGR of 9.94% during the forecast period. Substructure was the second-largest market in 2016, valued at USD 806.8 million in 2016; it is projected to grow at a CAGR of 3.58%.

Request a Sample Copy @ https://www.marketresearchfuture.com/sample_request/2993

Key Players:
The major players operating in this market, who have adopted these strategies are Tetra Technologies, Inc., (U.S.), BP P.L.C. (U.K.), Statoil ASA (Norway), DNV GL (Norway), TechnipFMC PLC (U.K.), AF Gruppen ASA (Norway), Ramboll Group A/S (Denmark), Aker Solutions ASA (Norway), Amec Foster Wheeler (U.K.), John Wood Group Plc. (Scotland), Claxton Engineering Services (U.K.), Allseas group SA (Switzerland) and DeepOcean Group (Netherlands).

Scope of the Report
This study provides an overview of the global Offshore Decommissioning storage market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Offshore Decommissioning storage market by its type, by service type, by application and by region.
Global Offshore Decommissioning Market, By Type
• Topside
• Substructure
• Sub Infrastructure
Global Offshore Decommissioning Market, By Service Type
• Well Plugging and Abandonment
• Conductor Removal
• Platform Removal
• Others
Global Offshore Decommissioning Market, By Application
• Shallow water
• Deepwater
Global Offshore Decommissioning Market, By Region
• Europe
• North America
• Asia-Pacific
• Rest of the world

Enquire about this Report @ https://www.marketresearchfuture.com/enquiry/2993

Market Research Analysis
Europe region is expected to grow at the fastest rate
The offshore oil and gas industry is one of the cornerstones of the Europe economy for many years now. The low prices are continuing to challenge the decommissioning activities of many offshore assets. Despite this, the decommissioning market is an emerging sector across the UK-North Sea region. In the next 10 years, it is expected that more than 100 platforms are forecasted for complete removal in the North Sea region. Particularly in the UK part of North Sea, the decommissioning activity is expected to be higher with more fields entering their end of life activity.

Table of Content

1 Executive Summary
2 Introduction
2.1 Definition 14
2.2 Assumptions 15
2.3 Market Structure 15
3 Research Methodology
3.1 Research Process 16
3.2 Primary Research 16
3.3 Secondary Research 17
3.4 Market Size Estimation 17
3.5 Forecast Model 19

4 Market Dynamics
4.1 Market Drivers 20
4.1.1 Aging Oil And Gas Fields – A New Source Of Revenue 20
4.1.2 Aging Offshore Infrastructure 20
4.1.3 Reduced Environmental And Regulatory Liabilities 20
4.2 Market Inhibitors 21
4.2.1 High Cost Of Decommissioning 21
4.2.2 Lack Of Clear Regulations For Decommissioning Activities 21
4.3 Opportunities 21
4.3.1 Rigs To Reef Programs 21
4.3.2 Reducing Risk By Recycling 22
4.4 Major Offshore Decommissioning Projects Around The World 22
4.4.1 North Sea Region 22
4.4.2 Table Of Approved Offshore Decommissioning Programmes 2015-2017 23
4.5 Regulations For Offshore Decommissioning 24
4.5.1 Introduction 24
4.5.2 International Conventions 25
Continue……..


For further information on this report @ https://www.marketresearchfuture.com/reports/offshore-decommissioning-market-2993

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: [email protected]