Global Offshore Decommissioning Market overview:
With the slowdown in world economic growth, the Offshore Decommissioning industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Offshore Decommissioning market size to maintain the average annual growth rate of 6.39% from 4900 million $ in 2014 to 5900 million $ in 2017, market analysts believe that in the next few years, Offshore Decommissioning market size will be further expanded, we expect that by 2022, The market size of the Offshore Decommissioning will reach 7556 million $.
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The Global Offshore Decommissioning Market refers to the process of ending oil and gas operation at the offshore platform keeping in account the risk and safety of the offshore environment. This process carried out when oil production from the well decreases substantially. Offshore decommissioning must be done cost efficiently, as it comprises of risks and uncertainties, creating challenges for decommissioning projects. The major drivers of offshore decommissioning market are infrastructure aging and maturing oilfields especially in North Sea and Gulf of Mexico. Decline in crude oil prices are estimated to augment the growth of the oilfields decommissioning market. Risk involved and high cost for decommissioning are some of the factors restraining the offshore decommissioning market growth.
Global Offshore Decommissioning Market is segmented on the basis of Service, Removal type, Depth, Structure and Region. On the basis Depth, the market has been segmented into shallow water and deepwater segments. The application of offshore decommissioning in shallow water projects is estimated to lead the market, both in terms of market value and growth. The shallow water basins on the U.K. Continental Shelf and the Norwegian North Sea will play a major role in driving the offshore decommissioning market. Shallow water operations are typically less expensive compared to deepwater operations and a majority of the old and ageing offshore installations are in
shallow waters. Thus, the market for offshore decommissioning will be the largest in shallow water projects.
Regionally, Europe was the largest market, by value, for offshore decommissioning in 2016, driven largely by activities in the U.K. and Norway. The U.K. offshore industry leads other regions in terms of well-developed and mandatory decommissioning guidelines. Authorities in the region are taking active steps to commit operators to decommission old infrastructure by providing expertise, policy support, and financial incentives.
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Major Key Players:
1 Amec Foster Wheeler, Plc
2 Technipfmc, Plc
3 Ramboll Group
4 John Wood Group, Plc
5 Af Gruppen Asa
6 Tetra Technologies, Inc.
7 Dnv Gl As
8 Heerema Marine Contractors
9 Petrofac Limited
10 Claxton Engineering Services, Ltd.
11 Subsea 7 S.A.
Market segment by Regions/Countries, this report covers:
1 North America Country (United States, Canada)
2 South America
3 Asia Country (China, Japan, India, Korea)
4 Europe Country (Germany, UK, France, Italy)
5 Other Country (Middle East, Africa, GCC)
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Table of Contents:
Global Offshore Decommissioning Market Report 2018
1 Offshore Decommissioning Definition
2 Global Offshore Decommissioning Market Major Player Share and Market Overview
3 Major Player Offshore Decommissioning Business Introduction
4 Global Offshore Decommissioning Market Segmentation (Region Level)
5 Global Offshore Decommissioning Market Segmentation (Type Level)
6 Global Offshore Decommissioning Market Segmentation (Industry Level)
7 Global Offshore Decommissioning Market Segmentation (Channel Level)
8 Offshore Decommissioning Market Forecast 2018-2022
9 Offshore Decommissioning Segmentation Type
10 Offshore Decommissioning Segmentation Industry
11 Offshore Decommissioning Cost Analysis
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