Offshore Decommissioning Market, By 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 S
Offshore Decommissioning Market, By 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 (Material Disposal Site clearance, Project Management Planning and Engineering, Permitting Compliance Regulatory Compliance, Platform Preparation, Well Plugging and abandonment, Conductor Removal, Mobilization & Demobilization of Derrick Barges, Platform Removal, and Others), By Water Depth (Shallow, Deep Water, Ultra Deep Water, Digital Printing, and Others), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)
The offshore decommissioning market refers to the process of abandoning, and permanently shutting down oil and gas infrastructure located offshore, on the seabed or ocean floor at the end of their production lives. Decommissioning of offshore infrastructure involves complex engineering activities such as well plugging, pipeline, and structure removal to safely remove hazardous materials and reduce environmental impact. Stringent government regulations regarding decommissioning along with aging offshore oil and gas assets are driving considerable spending on offshore decommissioning activities globally. Rising costs of operations coupled with discovery of new wells is also prompting companies to decommission aging fields and infrastructure. The global offshore decommissioning market is expected to grow significantly over the next decade supported by maturation of offshore oilfields and investment toward environment-friendly decommissioning operations.
Market Dynamics:
The global offshore decommissioning market is driven by several factors. The aging offshore oil and gas infrastructure has been the primary driver as many platforms and fields were constructed decades ago and are approaching end of economic production life. Growing regulatory focus toward environmental safety during decommissioning is another key factor prompting increased spend. Strict regulations mandate full removal of infrastructure or ensuring they do not pose any hazard after abandonment. Constraints in form of high costs associated with complex deepwater decommissioning projects is a major challenge. However, decommissioning also presents opportunities for market players as oil firms seek to outsource such operations. Innovation toward new technical solutions for infrastructure removal in difficult geographies can help address the high cost challenges.
Key Features of the Study:
This report provides an in-depth analysis of the global offshore decommissioning market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, 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 highlights, products portfolio, key highlights, financial performance, and strategies
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, Exxon Mobil Corporation, Able UK, Aker Solutions ASA, AF Gruppen S.A., John Wood Group PLC, DNV GL, Heerema Marine Contractors (HMC), DeepOcean Group Holding B.V., Royal Boskalis Westminster N.V., Petrofac, and Boskalis are the major players.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global offshore decommissioning market report caters to various stakeholders in this industry including investors, suppliers, product 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
Market Segmentation
By Service:
Power Generation
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:
Material Disposal Site clearance
Project Management Planning and Engineering
Permitting Compliance Regulatory Compliance
Platform Preparation
Well Plugging and abandonment
Conductor Removal
Mobilization & Demobilization of Derrick Barges
Platform Removal
Others (Pipeline and Cable Decommissioning, etc.)
By Water Depth:
Shallow
Deep Water
Ultra Deep Water
By Regional:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Company Profiles:
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
Exxon Mobil Corporation
Able UK
Aker Solutions ASA
AF Gruppen S.A.
John Wood Group PLC
DNV GL
Heerema Marine Contractors (HMC)
DeepOcean Group Holding B.V.
Royal Boskalis Westminster N.V.
Petrofac
Boskalis
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Decommissioning Service
Market Snippet, By Process
Market Snippet, By Water Depth
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
PEST Analysis
PORTER’s Five Forces Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trend
4. Global Offshore Decommissioning Market - Impact of Coronavirus (COVID-19) Pandemic
Overview
Factors Affecting Global Offshore Decommissioning Market – COVID-19
Impact Analysis
5. Global Offshore Decommissioning Market, By Decommissioning Service , 2019-2031 (US$ Bn)
Introduction
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
A Removal, Disposal, Remediation and Environmental Studies
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2031, (US$ Bn)
Modelling and Sampling
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2031, (US$ Bn)
Waste Mapping and Handling
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2031, (US$ Bn)
Impact Assessment Program and Decommissioning Plan
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2031, (US$ Bn)
HAZID (Hazard Identification Study) and Safety Screening, Removal of Equipment with NORM
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2031, (US$ Bn)
Stress Analysis, Lifting and Rigging Procedures
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2031, (US$ Bn)
Stress Analysis, Lifting and Rigging Procedures
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2031, (US$ Bn)
Transportation and Sea Fastening
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2031, (US$ Bn)
6. Global Offshore Decommissioning Market, By Process, 2019-2031 (US$ Bn)
Introduction
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Project Management Planning and Engineering
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2031, (US$ Bn)
Permitting Compliance Regulatory Compliance
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2031, (US$ Bn)
Platform Preparation
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2031, (US$ Bn)
Well Plugging and abandonment
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2031, (US$ Bn)
Conductor Removal
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2031, (US$ Bn)
Mobilization & Demobilization of Derrick Barges
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2031, (US$ Bn)
Platform Removal
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2031, (US$ Bn)
Pipeline and Cable Decommissioning
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2031, (US$ Bn)
Material Disposal Site clearance
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2031, (US$ Bn)
7. Global Offshore Decommissioning Market, By Water Depth, 2019-2031 (US$ Bn)
Introduction
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Shallow
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2031, (US$ Bn)
Deep Water
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2031, (US$ Bn)
Ultra Deep Water
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2031, (US$ Bn)
8. Global Offshore Decommissioning Market, By Region, 2019-2031 (US$ Bn)
Introduction
Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, For Region, 2019 - 2031
North America
Market Share Analysis, By Country, 2023, 2027 and 2031 (%)
Y-o-Y Growth Analysis, By Country, 2020 – 2031
Market Size and Forecast, By Decommissioning Service , 2019- 2031 (US$ Bn)
Market Size and Forecast, By Process , 2019- 2031 (US$ Bn)
Market Size and Forecast, By Water Depth, 2019- 2031 (US$ Bn)
Countries
U.S.
Canada
Latin America
Market Share Analysis, By Country, 2023, 2027 and 2031 (%)
Y-o-Y Growth Analysis, By Country, 2020 – 2031
Market Size and Forecast, By Decommissioning Service , 2019- 2031 (US$ Bn)
Market Size and Forecast, By Process , 2019- 2031 (US$ Bn)
Market Size and Forecast, By Water Depth, 2019- 2031 (US$ Bn)
Countries
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Market Share Analysis, By Country, 2023, 2027 and 2031 (%)
Y-o-Y Growth Analysis, By Country, 2020 – 2031
Market Size and Forecast, By Decommissioning Service , 2019- 2031 (US$ Bn)
Market Size and Forecast, By Process , 2019- 2031 (US$ Bn)
Market Size and Forecast, By Water Depth, 2019- 2031 (US$ Bn)
Countries
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
Market Share Analysis, By Country, 2023, 2027 and 2031 (%)
Y-o-Y Growth Analysis, By Country, 2020 – 2031
Market Size and Forecast, By Decommissioning Service , 2019- 2031 (US$ Bn)
Market Size and Forecast, By Process , 2019- 2031 (US$ Bn)
Market Size and Forecast, By Water Depth, 2019- 2031 (US$ Bn)
Countries
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Middle East & Africa
Market Share Analysis, By Country, 2023, 2027 and 2031 (%)
Y-o-Y Growth Analysis, By Country, 2020 – 2031
Market Size and Forecast, By Decommissioning Service , 2019- 2031 (US$ Bn)
Market Size and Forecast, By Process , 2019- 2031 (US$ Bn)
Market Size and Forecast, By Water Depth, 2019- 2031 (US$ Bn
Sub-Regions
GCC Countries
Israel
Rest of Middle East & Africa
9. Competitive Landscape
Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
Acteon Group Limited
Company Overview
Product Portfolio
Recent Developments/Updates
Topicus Finan BV
Company Overview
Product Portfolio
Recent Developments/Updates
AF Gruppen ASA
Company Overview
Product Portfolio
Recent Developments/Updates
Tetra Technologies Inc
Company Overview
Product Portfolio
Recent Developments/Updates
DeepOcean Group Holding B.V.
Company Overview
Product Portfolio
Recent Developments/Updates
John Wood Group Plc
Company Overview
Product Portfolio
Recent Developments/Updates
Exxon Mobil Corporation.
Company Overview
Product Portfolio
Recent Developments/Updates
Able UK
Company Overview
Product Portfolio
Recent Developments/Updates
Aker Solutions ASA
Company Overview
Product Portfolio
Recent Developments/Updates
AF Gruppen S.A.
John Wood Group PLC
DNV GL
Heerema Marine Contractors (HMC)
DeepOcean Group Holding B.V.
Royal Boskalis Westminster N.V.
Petrofac
Boskalis
10. Analyst Recommendation
Wheel of Fortune
Analyst View
Coherent Opportunity Map
11. Section
References
Research Methodology
About Us and Sales Contact
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