Offshore Decommissioning Market Size 2017: Trends, Share 2025

Press Release   •   Jun 01, 2017 07:49 EDT

Offshore Decommissioning Market size 2017-2025 by Service spreads across 190 pages profiling 20 companies and supported with tables and figures available at rnrmarketresearch.com

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

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.

“The European market is expected to grow at the highest CAGR, from 2017 to 2025.”

Europe is the largest market, by value, for offshore decommissioning, followed by North America. The European market is also projected to be the fastest growing market, during the forecast period, owing to mature oil and gas fields, particularly in the U.K. and the North Sea.The impending cessation of production in major oil and gas fields would ensure that the European market would grow at the highest pace. Europe is estimated to witness the highest offshore decommissioning spending, with its well-developed regulatory framework compared to other regions.

Offshore Decommissioning Market, By Depth, 2015-2025(USD Million)
Shallow Water
Deep Water

Offshore Decommissioning Market, By Removal Type, 2015-2025 (USD Million)
Leave In Place
Partial Removal (Includes Toppled In Place)
Complete Removal

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Fundamentals of Table of Content:

3.Executive Summary
3.1 Introduction
3.2 Historical Backdrop & Evolution
3.3 Current Scenario
3.4 Future Outlook
3.5 Conclusion

6.Offshore Decommissioning Market, By Service Type, 2015-2025 (USD Million)
6.1. Introduction
6.2. Project Management, Engineering and Planning
6.3. Permitting and Regulatory Compliance
6.4. Platform Preparation
6.5. Well Plugging and Abandonment
6.6. Conductor Removal
6.7. Mobilization and Demobilization of Derrick Barges
6.8. Platform Removal
6.9. Pipeline and Power Cable Decommissioning
6.10. Materials Disposal

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.

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