Offshore Decommissioning Market - Trends Forecast Till 2028

Offshore Decommissioning Market by Service (Well Plugging & Abandonment, Platform Removal, Conductor Removal) Depth (Shallow, Deepwater) Structure (Topsides, Substructure) Removal (Leave in Place, Partial, Complete) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: July, 2021

Base Year Estimate: 2020

Report ID: D-EN-ODM-255

Format:  

Number of Pages: 395

Domain: Energy

Offshore Decommissioning Market – Trends Forecast Till 2028

The global offshore decommissioning market size is projected to grow at a CAGR of 7.4%, from 2021 to 2027, to reach a market size of USD 8.0 billion by 2027.

Increasing focus on mature oil and gas fields and aging offshore platforms, particularly in shallow water are some of the factors that have supported long-term expansion for Offshore Decommissioning Market

Offshore Decommissioning Market Analysis

Offshore Decommissioning Market is segmented into service type, structure, depth, removal and geography.

Service type segment is segmented into 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, material disposal and site clearance.

Structure segment is segmented into topsides, substructure, substructure and subsea infrastructure.

Depth segment is segmented into shallow water and deep water.

Removal segment is segmented into complete removal, partial removal and leave in place.

Geographically, Offshore Decommissioning Market is sub segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions

Key players in Offshore Decommissioning Market are Aker Solutions (Norway), Ramboll Group (Denmark), AF Gruppen (Norway), TechniFMC (France), John Wood Group Plc (U.K.), Heerema Marine Contractors (The Netherlands), Royal Boskalis Westminster N.V. (The Netherlands), Petrofac (Jersey), Oceaneering International (US), Baker Hughes Company (US), Halliburton (US), Schlumberger (US), Weatherford (US), Subsea7 (UK), DeepOcean Group (Norway), Perenco (UK), Saipem (Italy), DNV GL (Norway), Allseas Group (Switzerland), Acteon Group (UK), Maersk Decom (Denmark), Able UK (UK), Enermech (UK), Mactech Offshore (US), and Linch-Pin Offshore (Australia).

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Research Methodology

Secondary Research

This research method involved the usage of extensive secondary sources (such as directories and databases)—Hoovers, Avention, annual reports, investor presentation, conference like Jefferies conference)—to identify and collect information useful for this study of the Offshore decommissioning market. The purpose of secondary research was to identify and collection of extensive, technical, market-oriented, and commercial study the global Offshore decommissioning market. Through secondary the market is classified and segmented as per of industry trend, development, regional market. Product and technology development.

Primary Research

The primary sources mainly included several industry experts from the core and related industries and suppliers, manufacturers, distributors, alliances, and organizations related to all segments of this industry’s supply chain. In-depth interviews were conducted with various primary respondents—including key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts—to obtain and verify critical qualitative and quantitative information as well as to assess future prospects.

The primary Respondent breakdown is given below:

Offshore Decommissioning Market Primary Respondent

 

Market Sizing

Top-down and bottom approaches were used to derive the market estimate and validating the total revenue of the Offshore decommissioning market. This approach has also been used to derive the market for segmentation and sub-segmentation.

Data Validation

Impact analysis has been conducted for deriving the market size. After collecting the in-depth quantitative and qualitative data we contact primary respondent in order to gain 98.8% of confidence level on our data.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for offshore decommissioning market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report feature

Descriptions

Growth rate

CAGR of 7.4% during the forecast period.

Historical data

2018-2019

Forecast year

2021-2027

Base year

2020

Units considered

Revenue in USD billion and CAGR from 2021-2028

Report segmentation

type, structure, depth, removal and geography

Report attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional level scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country level scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies profiled

Aker Solutions (Norway), Ramboll Group (Denmark), AF Gruppen (Norway), TechniFMC (France), John Wood Group Plc (U.K.), Heerema Marine Contractors (The Netherlands), Royal Boskalis Westminster N.V. (The Netherlands), Petrofac (Jersey), Oceaneering International (US), Baker Hughes Company (US), Halliburton (US), Schlumberger (US), Weatherford (US), Subsea7 (UK), DeepOcean Group (Norway), Perenco (UK), Saipem (Italy), DNV GL (Norway), Allseas Group (Switzerland), Acteon Group (UK), Maersk Decom (Denmark), Able UK (UK), Enermech (UK), Mactech Offshore (US), and Linch-Pin Offshore (Australia)

Available customizations

In addition to the market data for Offshore Decommissioning Market, Delvens. offers client-centric report and customized according to the company’s specific demand and requirement

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