Offshore Decommissioning Global Market – Overview

The Global Offshore Decommissioning Market has witnessed a gradual growth in the past few years and it has been anticipated that the market will grow at a rapid pace during the forecast period. Offshore decommissioning plays a crucial role in oil and gas exploration activities. Offshore decommissioning refers to the decommissioning of oil and gas facilities that are approaching the end of their useful design life or economic operation. Aging offshore oil and gas structures are a major environmental concern and liability to countries, operators, contactors and affects surrounding marine environment. The offshore decommissioning is driven by various factors such as increasing oil and gas platform around the world. Especially in the North Sea region and Gulf of Mexico, the oil and gas industry is determined to remove these structures to reduce environmental penalties and also to reduce operating cost of these aging wells. However, the growth of this market is expected to be hindered by the uncertain cost and strict environmental and regulation laws surrounding the offshore decommissioning projects. As per the study conducted by Market Research Future, the global market for offshore decommissioning is likely to grow at the CAGR of around 6.93%.

Offshore Decommissioning Global Market - Competitive Analysis

The global market for offshore decommissioning is one of the most technological advance market. To maintain the market position and to drive the market growth, all the major players continuously strive for technological development in their offshore decommissioning systems. Market leaders are rigorously involved in R&D activities, so as to develop feasible product, which fulfils all the client requirement over their structure removal operations.

Dominant Players:

Prominent players operating in this market 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), DeepOcean Group (Netherlands), and others.

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Intended Audience:

Distributer & Supplier companies
End Users
Consultants and Investment bankers
Government as well as Independent Regulatory Authorities

Geographic Analysis:

Geographical analysis across 15 countries

Company Information:

Profiling of 13 key market players
In-depth analysis including SWOT analysis, and strategy information of related to report title
Competitive landscape including emerging trends adopted by major companies

Offshore Decommissioning Global Market – Segmentation:

The global Offshore Decommissioning Market can be segmented by type, service type, and application.

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

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Latest Industry News:

Based in Billingham, UK, Able UK has earned the contract to dismantle, recycle and dispose of offshore natural gas platforms from the Sable Offshore Energy Project (SOEP). SOEP is operated by ExxonMobil Canada, off the coast of Nova Scotia, Canada. 15 OCT 2018

Earning a contract for Vattenfall, the offshore wind O&M specialist ZITON has completed the decommissioning of the Utgrunden Offshore Windfarm that is off the east coast of Sweden. 11 OCT 2018