The Offshore Decommissioning Market size is expected to grow at an annual average of 4% during 2021-2027. The oil and gas industry’s aging offshore infrastructure, increased offshore oil and gas production activity, and oil and gas demand are expected to be the major drivers of the market. However, in recent years, volatility in oil prices has slowed down market research as capital expenditures in the upstream oil and gas industry have declined.
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The following segmentation are covered in this report:
By service:
- Project management, engineering & planning
- Permitting & regulatory compliance
- Platform preparation
- Well plugging & abandonment
- Conductor removal
- Mobilization & demobilization of derrick barges
- Platform removal
- Pipeline & power cable decommissioning
- Materials disposal
- Site clearance
By removal:
- Leave in place
- Partial removal (includes toppled in place)
- Complete removal
By depth:
- Shallow water
- Deepwater
- By structure:
- Topside
- Substructure
- Sub infrastructure
Company Profile
- Acteon Group Ltd
- AF Gruppen
- Aker Solutions
- DeepOcean Group, Inc.
- DNV GL (Det Norske Veritas group)
- Heerema Marine Contractors
- John Wood Group PLC
- Petrofac Limited
- Ramboll Group A/S
- Subsea 7
The report covers the following objectives:
- Proliferation and maturation of trade in the global Offshore Decommissioning Market
- The market share of the global Offshore Decommissioning Market supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Offshore Decommissioning Market
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Offshore Decommissioning Market
Scope of the report
The research study analyses the Offshore Decommissioning Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent developments
- Market overview and growth analysis
- Import and export overview
- Volume analysis
- Current market trends and future outlook
- Market opportunistic and attractive investment segment
A full report of Offshore Decommissioning Market is available at: https://www.orionmarketreports.com/offshore-decommissioning-market/37910/
Geographic coverage
- North america market size and/or volume
- Latin america market size and/or volume
- Europe market size and/or volume
- Asia-pacific market size and/or volume
- Rest of the world market size and/or volume
Key Questions Answered by Offshore Decommissioning Market Report
- What was the Offshore Decommissioning Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027)
- What will be the CAGR of Market during the forecast period (2021-2027)?
- Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
- Which manufacturer/vendor/players in the Offshore Decommissioning Market was the market leader in 2020?
- Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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