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  • Published On : Jul 2022
  • Code : CMI885
  • Pages : 230
  • Formats :
      Excel and PDF
  • Industry : Energy
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The term “decommissioning” 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 is carried out when oil production from the well decreases significantly. Offshore decommissioning must be done cost efficiently, as it comprises risks and uncertainties, creating challenges for decommissioning projects.

Factors such as rising number of maturing oil & gas fields especially in Gulf of Mexico and North Sea is predicted to drive growth of global offshore decommissioning market over the forecast period. However, high cost of decommissioning and ecosystem risk involved during the process is likely to hinder growth of the market in the near future.

Factors such as rising number of maturing oil & gas fields especially in Gulf of Mexico and North Sea is predicted to drive growth of global offshore decommissioning market over the forecast period. However, high cost of decommissioning and ecosystem risk involved during the process is likely to hinder growth of the market in the near future.

Market Dynamics

Among water depth segment, shallow water sub-segment is expected to gain significant market share in the global offshore decommissioning market over the forecast period. In 2021, the segment accounted for over 65.0% share in the global offshore decommissioning market in terms of revenue. Ageing structure in North Sea and Gulf of Mexico will undergo decommissioning activities during the forecast period.

Among regions, Europe held dominant position in the global offshore decommissioning market in terms of revenue share, in 2018. The region held for around 42.0% of the total revenue share generated across the globe. The regional growth is mainly derived by presence of maturing oil & gas fields.

Key features of the study:

  • This report provides an in-depth analysis of global offshore decommissioning market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
  • It elucidates potential revenue opportunity across different segment and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global Offshore Decommissioning market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key development and strategies, and future plans
  • Key companies covered as a part of this study include Acteon Group Limited, Topicus Finan BV, AF Gruppen ASA, Tetra Technologies Inc., Allseas Group S.A., DeepOcean Group Holding B.V., John Wood Group Plc, and Exxon Mobil Corporation.
  • Insights from this report would allow marketers and management  authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
  • The global offshore decommissioning market report caters to various stakeholders in this industry including investors, suppliers, Offshore Decommissioning manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global offshore decommissioning market

Detailed Segmentation:

  • Global Offshore Decommissioning Market, By Decommissioning Service:
    • Removal, Disposal, Remediation and Environmental Studies
    • Modelling and Sampling
    • Waste Mapping and Handling
    • Impact Assessment Program and Decommissioning Plan
    • HAZID (Hazard Identification Study) and Safety Screening, Removal of Equipment with NORM
    • Stress Analysis, Lifting and Rigging Procedures
    • Transportation and Sea Fastening
  • Global Offshore Decommissioning Market, By Process :
    • Project Management Planning and Engineering
    • Permitting Compliance Regulatory Compliance
    • Platform Preparation
    • Well Plugging and abandonment
    • Conductor Removal
    • Mobilization & Demobilization of Derrick Barges
    • Platform Removal
    • Pipeline and Cable Decommissioning
    • Material Disposal Site clearance
  • Global Offshore Decommissioning Market, By Water Depth :
    • Shallow
    • Deep Water
    • Ultra Deep Water
  •  Global Offshore Decommissioning Market, By Region:
    • North America
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East & Africa
      • By Country/Region:
        • Middle East
        • Africa
  • Company Profiles
    • Acteon Group Limited,
      • Company Overview
      • Product Portfolio
      • Key Strategies
      • Recent Development
      • Future Plans
    •   Topicus Finan BV
    •  AF Gruppen ASA
    •  Tetra Technologies Inc.
    •  Allseas Group S.A.
    •  DeepOcean Group Holding B.V.
    •  John Wood Group Plc
    •  Exxon Mobil Corporation.

“*” marked represents similar segmentation in other categories in the respective section

Detailed Segmentation:

  • Global Offshore Decommissioning Market, By Decommissioning Service:
    • Removal, Disposal, Remediation and Environmental Studies
    • Modelling and Sampling
    • Waste Mapping and Handling
    • Impact Assessment Program and Decommissioning Plan
    • HAZID (Hazard Identification Study) and Safety Screening, Removal of Equipment with NORM
    • Stress Analysis, Lifting and Rigging Procedures
    • Transportation and Sea Fastening
  • Global Offshore Decommissioning Market, By Process :
    • Project Management Planning and Engineering
    • Permitting Compliance Regulatory Compliance
    • Platform Preparation
    • Well Plugging and abandonment
    • Conductor Removal
    • Mobilization & Demobilization of Derrick Barges
    • Platform Removal
    • Pipeline and Cable Decommissioning
    • Material Disposal Site clearance
  • Global Offshore Decommissioning Market, By Water Depth :
    • Shallow
    • Deep Water
    • Ultra Deep Water
  •  Global Offshore Decommissioning Market, By Region:
    • North America
      •  Offshore Decommissioning Market, By Decommissioning Service:
        • Removal, Disposal, Remediation and Environmental Studies
        • Modelling and Sampling
        • Waste Mapping and Handling
        • Impact Assessment Program and Decommissioning Plan
        • HAZID (Hazard Identification Study) and Safety Screening, Removal of Equipment with NORM
        • Stress Analysis, Lifting and Rigging Procedures
        • Transportation and Sea Fastening
      • By Process :
        • Project Management Planning and Engineering
        • Permitting Compliance Regulatory Compliance
        • Platform Preparation
        • Well Plugging and abandonment
        • Conductor Removal
        • Mobilization & Demobilization of Derrick Barges
        • Platform Removal
        • Pipeline and Cable Decommissioning
        • Material Disposal Site clearance
      • By Water Depth :
        • Shallow
        • Deep Water
        • Ultra Deep Water
      • By Country:
        • U.S.
        • Canada
    • Latin America
      •  Offshore Decommissioning Market, By Decommissioning Service:
        • Removal, Disposal, Remediation and Environmental Studies
        • Modelling and Sampling
        • Waste Mapping and Handling
        • Impact Assessment Program and Decommissioning Plan
        • HAZID (Hazard Identification Study) and Safety Screening, Removal of Equipment with NORM
        • Stress Analysis, Lifting and Rigging Procedures
        • Transportation and Sea Fastening
      • By Process :
        • Project Management Planning and Engineering
        • Permitting Compliance Regulatory Compliance
        • Platform Preparation
        • Well Plugging and abandonment
        • Conductor Removal
        • Mobilization & Demobilization of Derrick Barges
        • Platform Removal
        • Pipeline and Cable Decommissioning
        • Material Disposal Site clearance
      • By Water Depth :
        • Shallow
        • Deep Water
        • Ultra Deep Water
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      •  Offshore Decommissioning Market, By Decommissioning Service:
        • Removal, Disposal, Remediation and Environmental Studies
        • Modelling and Sampling
        • Waste Mapping and Handling
        • Impact Assessment Program and Decommissioning Plan
        • HAZID (Hazard Identification Study) and Safety Screening, Removal of Equipment with NORM
        • Stress Analysis, Lifting and Rigging Procedures
        • Transportation and Sea Fastening
      • By Process :
        • Project Management Planning and Engineering
        • Permitting Compliance Regulatory Compliance
        • Platform Preparation
        • Well Plugging and abandonment
        • Conductor Removal
        • Mobilization & Demobilization of Derrick Barges
        • Platform Removal
        • Pipeline and Cable Decommissioning
        • Material Disposal Site clearance
      • By Water Depth :
        • Shallow
        • Deep Water
        • Ultra Deep Water
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      •  Offshore Decommissioning Market, By Decommissioning Service:
        • Removal, Disposal, Remediation and Environmental Studies
        • Modelling and Sampling
        • Waste Mapping and Handling
        • Impact Assessment Program and Decommissioning Plan
        • HAZID (Hazard Identification Study) and Safety Screening, Removal of Equipment with NORM
        • Stress Analysis, Lifting and Rigging Procedures
        • Transportation and Sea Fastening
      • By Process :
        • Project Management Planning and Engineering
        • Permitting Compliance Regulatory Compliance
        • Platform Preparation
        • Well Plugging and abandonment
        • Conductor Removal
        • Mobilization & Demobilization of Derrick Barges
        • Platform Removal
        • Pipeline and Cable Decommissioning
        • Material Disposal Site clearance
      • By Water Depth :
        • Shallow
        • Deep Water
        • Ultra Deep Water
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East & Africa
      • Offshore Decommissioning Market, By Decommissioning Service:
        • Removal, Disposal, Remediation and Environmental Studies
        • Modelling and Sampling
        • Waste Mapping and Handling
        • Impact Assessment Program and Decommissioning Plan
        • HAZID (Hazard Identification Study) and Safety Screening, Removal of Equipment with NORM
        • Stress Analysis, Lifting and Rigging Procedures
        • Transportation and Sea Fastening
      • By Process :
        • Project Management Planning and Engineering
        • Permitting Compliance Regulatory Compliance
        • Platform Preparation
        • Well Plugging and abandonment
        • Conductor Removal
        • Mobilization & Demobilization of Derrick Barges
        • Platform Removal
        • Pipeline and Cable Decommissioning
        • Material Disposal Site clearance
      • By Water Depth :
        • Shallow
        • Deep Water
        • Ultra Deep Water
      • By Country/Region:
        • Middle East
        • Africa
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