The
global offshore
decommissioning market is anticipated to witness an exponential growth
in the forecast period. Offshore decommissioning of aging oil & gas
platforms and subsea wells is essential in order to save the environment.
Decommissioning‘s purpose is the safe elimination of the equipment that is used
for oil or gas production and exploration and to dispose them off at the end of
their production.
The
factors that propel the growth of the market include maturing oil and aging
platforms and gas fields, increasing oil and gas platforms around the world,
low oil price, environmental concerns, and increasingly stringent
decommissioning regulations. On the other hand, there are factors that may
hamper the growth of the market including high cost associated with offshore
decommissioning projects, stringent environmental law and regulations, and a
decline in prices of oil.
The
offshore decommissioning market is anticipated to expand at a significant CAGR
in the upcoming period as the scope, product types, and its applications are
increasing across the globe. The market could be explored by service type,
depth, structure, removal, and geography.
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Market
could be explored by service type as Platform Removal, Well Plugging &
Abandonment, Others. The “Well Plugging and Abandonment Service” segment led
the offshore decommissioning market in 2016 and will continue to lead in the
forecast period. The key factors that could be attributed to the growth of the
market include increasing regulatory requirements for appropriate abandonment
of unproductive reserves and growing environmental concerns.
Based
on depth, market could span Shallow and Deepwater. The “Shallow Water” segment
led the market in 2016 and will continue to lead in the forecast period. The
key factors that may be attributed to the growth of the market include less
expensive than Deepwater. The market could be explored based on structure as
topsides, other infrastructure. The market could be explored based on removal
as Leave in Place, Complete and Partial.
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Market Segment:
Geographically, this report is segmented
into several key Regions, with production, revenue (million USD), market share
and growth rate of Offshore Decommissioning in these regions, from 2013 to 2025
(forecast), covering
•
North America
•
Europe
•
China
•
Japan
•
Southeast Asia
•
India
Global Offshore Decommissioning market
competition by top manufacturers, with production, price, revenue (value) and
market share for each manufacturer; the top players including
•
Amec Foster Wheeler
•
Aker Solutions ASA
•
Ramboll Grooup
•
AF Gruppen ASA
•
Technifmc
•
John Wood Group
•
Tetra Technologies
On the basis of product, this report
displays the production, revenue, price, market share and growth rate of each
type, primarily split into
•
Topside
•
Substructure
•
Sub infrastructure
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