Global Offshore Decommissioning Market report from Global Insight Services is the single authoritative source of intelligence on Offshore Decommissioning Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Offshore decommissioning is the process of removing an offshore oil or gas platform and associated infrastructure from service. Once a platform is no longer economically viable or safe to operate, it must be decommissioned. This process typically includes removing the platform and any subsea infrastructure, such as pipelines and wells, and restoring the site to its pre-development state.
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Key Trends
The decommissioning of offshore oil and gas platforms is a complex and expensive process, typically costing billions of dollars. The most common method of decommissioning is to remove the platform and all associated infrastructure from the site. This involves a number of steps, including the removal of the platform deck, the removal of the platform legs, and the removal of any subsea infrastructure.
Key Drivers
The key drivers of the offshore decommissioning market include the depletion of oil and gas reserves, the need to comply with environmental regulations, and the high cost of decommissioning. The depletion of oil and gas reserves is the primary driver of the offshore decommissioning market. As oil and gas fields reach the end of their productive life, operators are faced with the decision to decommission their facilities. The high cost of decommissioning is another key driver of the market. Decommissioning costs can range from a few million dollars to over a billion dollars, depending on the size and complexity of the facility.
Market Segments
By Service type
- Well plugging & abandonment
- Conductor removal
By Removal
- Leave in place
- Partial
By Depth
- Shallow water
- Deepwater
By Structure
- Topside
By Region
- North America
- The U.S.
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Key Market Players
- Aker Solutions
- Ramboll Group
- AF Gruppen
- TechniFMC
- John Wood Group Plc
- Heerema Marine Contractors
- Royal Boskalis Westminster N.V.
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