Offshore Decommissioning Market - Global Industry Insights, Trends, Outlook and Opportunity Analysis, 2022 - 2028

Offshore Decommissioning Market - Global Industry Insights, Trends, Outlook and Opportunity Analysis, 2022 - 2028

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.
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 2021. 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 in-depth analysis of global offshore decommissioning market and provides market size (US$ Billion) and Compound Annual Growth Rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments 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 strategy 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 developments 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 the management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
The global offshore decommissioning market report caters to various stakeholders in this market 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
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
U.S.
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
Mobilization & Demobilization of Derrick Barges
Platform Removal
Pipeline and Cable Decommissioning
Material Disposal Site clearance
By Water Depth:
Shallow
Deep Water
Ultra Deep Water
Canada
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
Mobilization & Demobilization of Derrick Barges
Platform Removal
Pipeline and Cable Decommissioning
Material Disposal Site clearance
By Water Depth:
Shallow
Deep Water
Ultra Deep Water
Europe
U.K.
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
Mobilization & Demobilization of Derrick Barges
Platform Removal
Pipeline and Cable Decommissioning
Material Disposal Site clearance
By Water Depth:
Shallow
Deep Water
Ultra Deep Water
Norway
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
Mobilization & Demobilization of Derrick Barges
Platform Removal
Pipeline and Cable Decommissioning
Material Disposal Site clearance
By Water Depth:
Shallow
Deep Water
Ultra Deep Water
Rest of Europe
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
Mobilization & Demobilization of Derrick Barges
Platform Removal
Pipeline and Cable Decommissioning
Material Disposal Site clearance
By Water Depth:
Shallow
Deep Water
Ultra Deep Water
Asia Pacific
Indonesia
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
Mobilization & Demobilization of Derrick Barges
Platform Removal
Pipeline and Cable Decommissioning
Material Disposal Site clearance
By Water Depth:
Shallow
Deep Water
Ultra Deep Water
Rest of Asia Pacific
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
Mobilization & Demobilization of Derrick Barges
Platform Removal
Pipeline and Cable Decommissioning
Material Disposal Site clearance
By Water Depth:
Shallow
Deep Water
Ultra Deep Water
Rest of World
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
Mobilization & Demobilization of Derrick Barges
Platform Removal
Pipeline and Cable Decommissioning
Material Disposal Site clearance
By Water Depth:
Shallow
Deep Water
Ultra Deep Water
Company Profiles
Acteon Group Limited*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
Topicus Finan BV
AF Gruppen ASA
Company Overview
Decommissioning Service Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
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.