OFFSHORE DECOMMISSIONING MARKET GLOBAL LEADER ANALYSIS REPORT.

Offshore Decommissioning Market Research Report- Forecast to 2023

OFFSHORE DECOMMISSIONING MARKET GLOBAL LEADER ANALYSIS REPORT.

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Copyright © 2018 Market Research Future.

Offshore Decommissioning Market Research Report- Forecast to 2023

1 Summary Offshore decommissioning encompasses different activities for removal of installations, namely, 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.

As, the number of aging oil & gas fields are growing gradually around the world with more than 600 projects expected to be dismantled during the next five years. Aging oil and gas fields, are predominant in the North Sea region and Gulf of Mexico region and the oil and gas industry is focusing on removing these structures, these factors constitute for the growth of offshore decommissioning market in forecasted period.

Whereas, the cost of decommissioning varies operators due to their unique approaches and services for decommissioning activities. Furthermore, global operators experienced in decommissioning are generally limited (except the Gulf of Mexico region), which further adds to this cost uncertainty. These high costs may restrain growth of offshore decommissioning market.

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).

Offshore Decommissioning Market Research Report- Forecast to 2023

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Copyright Š 2018 Market Research Future.

2 Scope of the Report: This study provides an overview of the Global Offshore Decommissioning 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 market by its service type, application and region.

By Service Type • • • •

Well Plugging and Abandonment Conductor Removal Platform Removal Others

By Application • •

Shallow Water Deep Water Areas

By Region • • • •

North America Asia Pacific Europe Rest of the World

Market Research Analysis Europe is expected to be the largest region in the offshore decommissioning market. The growth in this market is driven majorly by activities undertaken in the U.K. and Norway. The U.K. offshore industry is a global leader in terms of mandatory and well-developed decommissioning guidelines. Authorities in Europe are undertaking various initiatives for driving operators towards decommission of the outdated infrastructure by providing expertise, policy support, and financial incentives.

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Copyright © 2018 Market Research Future.

Offshore Decommissioning Market Research Report- Forecast to 2023

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Copyright Š 2018 Market Research Future.