Offshore Decommissioning Market 2017: Type Analysis to 2025

News   •   Aug 21, 2017 08:51 EDT

Offshore Decommissioning Market 2017-2025 includes Market Size, Share, Trends, Growth, Demand, Supply, Services, Application, Segmentation, Opportunity, Market Development, production, capacity utilization, supply, Analysis and Forecast to its huge collection of research reports. “rnrmarketresearch”

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“The offshore decommissioning market is projected to grow at a CAGR of 5.05%,from 2017 to 2025.”

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. Well plugging and abandonment accounts for up to 45% of the total decommissioning cost of project.

The offshore decommissioning market is projected to reach USD 8.76 billion by 2025, growing at a CAGR of 5.05%, from 2017 to 2025. Offshore decommissioning is plugging the oil and gas wells which are matured and are non-productive. Maturing oil and gas fields and aging infrastructure in the North Sea and Gulf of Mexico are driving the offshore decommissioning market. Low crude oil prices are other major driver for this market.

“Well plugging and abandonment: The largest service segment of the offshore decommissioning market”

Well plugging and abandonment constitutes the largest segment of the offshore decommissioning market, by service, in terms of value. Well plugging and abandonment contributes up to 45% of total decommissioning cost of any project. During this activity, detailed well data is collected and prepared for plugging using rig or rig less methods. Demand from the European market is projected to drive the market for well plugging and abandonment.

Browse complete Offshore Decommissioning Market by type 2017-2022 by new Service spreads across 190 pages profiling 20 companies and supported with 63 tables and 41 figures available at http://www.rnrmarketresearch.com/offshore-decommissioning-market-by-service-well-plugging-abandonment-platform-removal-others-depth-shallow-deepwater-structure-topsides-other-infrastructure-removal-leave-in-place-partial-complete-st-to-2025-market-report.html

Offshore Decommissioning Market, By Service Type, 2015-2025 (USD Million)
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

7.Offshore Decommissioning Market, By Depth, 2015-2025(USD Million)
7.1. Introduction
7.2. Shallow Water
7.3. Deep Water

8.Offshore Decommissioning Market, By Removal Type, 2015-2025 (USD Million)
8.1. Introduction
8.2. Leave In Place
8.3. Partial Removal (Includes Toppled In Place)
8.4. Complete Removal

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Fundamental from Table of Content

12. Company Profiles

12.1. Leading Offshore Decommissioning Service Provider
12.1.1. Able UK
12.1.2. Af Gruppen
12.1.3. Aker Solutions
12.1.4. Allseas
12.1.5. Amec Foster Wheeler
12.1.6. Claxton Engineering Services Ltd
12.1.7. Deepocean
12.1.8. DNV Gl AS
12.1.9. Heerema Marine Contractors
12.1.10. Petrofac Limited
12.1.11. Ramboll Group
12.1.12. Subsea 7
12.1.13. TechnipFmc
12.1.14. Tetra Technologies, Inc.
12.1.15. Wood Group Mustang
12.2. Key Operator Profiles
12.2.1. BP Plc
12.2.2. Exxon Mobil Corporation
12.2.3. Chevron Corporation
12.2.4. Statoil ASA
12.2.5. Royal Dutch Shell Plc

*Details on Overview, Financials, Product & Services, Strategy, and Developments Might Not Be Captured in Case of Unlisted Companies.