Offshore Decommissioning Market - Global Forecast to 2025

  • ID: 4244547
  • Report
  • Region: Global
  • 161 Pages
  • Markets and Markets
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The Global Offshore Decommissioning Market is Projected to Grow at a CAGR of 5.05%, from 2017 to 2025, to Reach a Market Size of USD 8.76 Billion

FEATURED COMPANIES

  • Able U.K., Ltd.
  • Aker Solutions ASA
  • Amec Foster Wheeler, PLC
  • John Wood Group, PLC
  • Ramboll Group
  • Technipfmc, PLC
  • MORE

The offshore decommissioning market is projected to reach USD 8.76 billion by 2025, growing at a CAGR of 5.05%, from 2017 to 2025. Offshore decommissioning is plugging the oil and gas wells which are matured and are non-productive. Maturing oil and gas fields and aging infrastructure in the North Sea and Gulf of Mexico are driving the offshore decommissioning market. Low crude oil prices are other major driver for this market.

Europe is the largest market, by value, for offshore decommissioning, followed by North America. The European market is also projected to be the fastest growing market, during the forecast period, owing to mature oil and gas fields, particularly in the U.K. and the North Sea. The impending cessation of production in major oil and gas fields would ensure that the European market would grow at the highest pace. Europe is estimated to witness the highest offshore decommissioning spending, with its well-developed regulatory framework compared to other regions.

Well plugging and abandonment constitutes the largest segment of the offshore decommissioning market, by service, in terms of value. Well plugging and abandonment contributes up to 45% of total decommissioning cost of any project. During this activity, detailed well data is collected and prepared for plugging using rig or rig less methods. Demand from the European market is projected to drive the market for well plugging and abandonment.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject matter experts, 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 market prospects.

The distribution of primary interviews is as follows:

  • By Company Type: Tier 1- 56%, Tier 2- 28%, Tier 3- 16%
  • By Designation: C-Level- 25%, D-Level- 35%, Others- 40%
  • By Region: North America- 30%, Europe- 25% Asia-Pacific- 20%, Middle East & Africa- 15%, South America- 10%

Note: The tier of the companies has been defined on the basis of their total revenue as of 2015: Tier 1 = USD 10 billion, Tier 2 = USD 1 billion to USD 10 billion, and Tier 3 = USD 1 billion.

The leading players in the offshore decommissioning market include Amec Foster Wheeler Plc (U.K.), Aker Solutions ASA (Norway), Ramboll Grooup (Denmark), AF Gruppen ASA (Norway), Technipfmc Plc (France), John Wood Group Plc (U.K.), and Tetra Technologies Inc., (U.S.)

Report Coverage

The report provides a picture of the offshore decommissioning market across its different segments and regions. It aims at estimating the market size and future growth potential of this market in value. Furthermore, the report also includes in-depth competitive analyses of the key players in the market along with their company profiles, SWOT analysis, recent developments, and key market strategies.

Key Benefits of Buying the Report:

The report will help market leaders and new entrants in the market by providing them the closest approximations of the revenue numbers for the overall offshore decommissioning market and its sub segments. This report will help stakeholders better understand the competitive landscape and gain insights to better position their businesses and make suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

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FEATURED COMPANIES

  • Able U.K., Ltd.
  • Aker Solutions ASA
  • Amec Foster Wheeler, PLC
  • John Wood Group, PLC
  • Ramboll Group
  • Technipfmc, PLC
  • MORE
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered (Subsegments Including Region-Wise Segmentation)
1.3.2 Years Considered for the Study
1.4 Currency & Pricing
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations

3 Executive Summary

4 Premium Insights
4.1 Offshore Decommissioning Market, By Structure
4.2 Offshore Decommissioning Market, By Service Type
4.3 Offshore Decommissioning Market in Europe: Structure vs Removal Type
4.4 Europe: the Largest Market During the Forecast Period

5 Market Overview
5.1 Introduction
5.2 Key Projects
5.2.1 Europe
5.2.2 The U.S. Gulf of Mexico
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Maturing Oil & Gas Fields
5.3.1.2 Low Crude Oil Prices
5.3.1.3 Aging Offshore Infrastructure
5.3.2 Restraints
5.3.2.1 High Cost of Decommissioning Projects
5.3.2.1.1 Average Decommissioning Cost-North Sea
5.3.2.1.2 Average Decommissioning Cost-U.S. Gulf of Mexico
5.3.2.2 Lack of Technology Infrastructure & Regulatory Monitoring
5.3.3 Opportunities
5.3.3.1 Disruptive and Innovative Technologies
5.3.4 Challenges
5.3.4.1 Associated Environmental Concerns
5.3.4.2 Asset Life Extension Technologies

6 Offshore Decommissioning Market, By Service Type
6.1 Introduction
6.2 Project Management, Engineering, and Planning
6.3 Permitting and Regulatory Compliance
6.4 Platform PrEPAration
6.5 Well Plugging and Abandonment
6.6 Conductor Removal
6.7 Mobilization and Demobilization of Derrick Barges
6.8 Platform Removal
6.9 Pipeline and Power Cable Decommissioning
6.10 Material Disposal
6.11 Site Clearance

7 Offshore Decommissioning Market, By Structure
7.1 Introduction
7.2 Topsides
7.3 Substructure
7.4 Subsea Infrastructure

8 Offshore Decommissioning Market, By Depth
8.1 Introduction
8.2 Shallow Water
8.3 Deepwater

9 Offshore Decommissioning Market, By Region
9.1 Introduction
9.2 Europe
9.2.1 The U.K.
9.2.2 Norway
9.2.3 The Rest of Europe
9.3 North America
9.3.1 The U.S.
9.3.2 Canada
9.3.3 Mexico
9.4 South America
9.4.1 Brazil
9.4.2 The Rest of South America
9.5 Asia-Pacific
9.5.1 Indonesia
9.5.2 Malaysia
9.5.3 China
9.5.4 Australia
9.5.5 The Rest of Asia-Pacific
9.6 Middle East & Africa
9.6.1 Angola
9.6.2 U.A.E.
9.6.3 Saudi Arabia
9.6.4 The Rest of the Middle East & Africa

10 Competitive Landscape
10.1 Overview
10.2 Competitive Situation & Trends
10.3 Market Ranking, Offshore Decommissioning, 2016
10.4 Vendor Dive Overview
10.4.1 Vanguards
10.4.2 Innovators
10.4.3 Dynamic
10.4.4 Emerging
10.5 Business Strategies Adopted By Major Players in the Offshore Decommissioning Market (25 Companies)
10.6 Analysis of the Product Portfolios of Major Players in the Offshore Decommissioning Market (25 Companies)

11 Company Profiles
(Overview, Products & Services, Strategies & Insights, Developments)*
11.1 Introduction
11.2 Amec Foster Wheeler, PLC
11.3 Technipfmc, PLC
11.4 Ramboll Group
11.5 John Wood Group, PLC
11.6 AF Gruppen ASA
11.7 Tetra Technologies, Inc.
11.8 DNV GL AS
11.9 Heerema Marine Contractors
11.10 Petrofac Limited
11.11 Claxton Engineering Services, Ltd.
11.12 Subsea 7 S.A.
11.13 Aker Solutions ASA
11.14 Able U.K., Ltd.
11.15 Allseas Group S.A.
11.16 Deepocean Group Holding B.V.
11.17 Operator Profiles

*Details on Overview, Products & Services, Strategies & Insights, Developments and MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix
12.1 Insights of Industry Experts
12.2 Discussion Guide

List of Tables

Table 1 Global Offshore Decommissioning Market Snapshot
Table 2 Offshore Decommissioning Market Size, By Service Type, 2015-2025
Table 3 Project Management, Engineering, and Planning: Offshore Decommissioning Market Size, By Region, 2015-2025 (USD Million)
Table 4 Permitting and Regulatory Compliance: Offshore Decommissioning Market Size, By Region, 2015-2025 (USD Million)
Table 5 Platform PrEPAration: Offshore Decommissioning Market Size, By Region, 2015-2025 (USD Million)
Table 6 Well Plugging and Abandonment: Offshore Decommissioning Market Size, By Region, 2015-2025 (USD Million)
Table 7 Conductor Removal: Offshore Decommissioning Market Size, By Region, 2015-2025 (USD Million)
Table 8 Mobilization and Demobilization of Derrick Barges: Offshore Decommissioning Market Size, By Region, 2015-2025 (USD Million)
Table 9 Platform Removal: Offshore Decommissioning Market Size, By Region, 2015-2025 (USD Million)
Table 10 Pipeline and Power Cable Decommissioning: Offshore Decommissioning Market Size, By Region, 2015-2025 (USD Million)
Table 11 Material Disposal: Offshore Decommissioning Market Size, By Region, 2015-2025 (USD Million)
Table 12 Site Clearance: Offshore Decommissioning Market Size, By Region, 2015-2025 (USD Million)
Table 13 Offshore Decommissioning Market Size, By Structure, 2015-2025
Table 14 Topsides Market Size, By Region, 2015-2025 (USD Million)
Table 15 Substructure Market Size, By Region, 2015-2025 (USD Million)
Table 16 Subsea Infrastructure Market Size, By Region, 2015-2025 (USD Million)
Table 17 Offshore Decommissioning Market Size, By Depth, 2015-2025
Table 18 Shallow Water Market Size, By Region, 2015-2025 (USD Million)
Table 19 Deepwater Market Size, By Region, 2015-2025 (USD Million)
Table 20 The European Market Was the Largest Offshore Decommissioning Market, By Value, in 2016
Table 21 Offshore Decommissioning Market Size, By Region, 2015-2025
Table 22 European Offshore Decommissioning Market: Regional Snapshot
Table 23 Europe: Offshore Decommissioning Market Size, By Service Type, 2015-2025 (USD Million)
Table 24 Europe: Offshore Decommissioning Market Size, By Removal Type, 2015-2025 (USD Million)
Table 25 Europe: Offshore Decommissioning Market Size, By Structure, 2015-2025 (USD Million)
Table 26 Europe: Offshore Decommissioning Market Size, By Depth, 2015-2025 (USD Million)
Table 27 Europe: Offshore Decommissioning Market Size, By Country, 2015-2025 (USD Million)
Table 28 The U.K.: Offshore Decommissioning Market Size, By Depth, 2015-2025 (USD Million)
Table 29 Norway: Offshore Decommissioning Market Size, By Depth, 2015-2025 (USD Million)
Table 30 The Rest of Europe: Offshore Decommissioning Market Size, By Depth, 2015-2025 (USD Million)
Table 31 North American Offshore Decommissioning Market: Regional Snapshot
Table 32 North America: Offshore Decommissioning Market Size, By Service Type, 2015-2025 (USD Million)
Table 33 North America: Offshore Decommissioning Market Size, By Removal Type, 2015-2025 (USD Million)
Table 34 North America: Offshore Decommissioning Market Size, By Structure, 2015-2025 (USD Million)
Table 35 North America: Offshore Decommissioning Market Size, By Depth, 2015-2025 (USD Million)
Table 36 North America: Offshore Decommissioning Market Size, By Country, 2015-2025 (USD Million)
Table 37 The U.S.: Offshore Decommissioning Market Size, By Depth, 2015-2025 (USD Million)
Table 38 Canada: Offshore Decommissioning Market Size, By Depth, 2015-2025 (USD Million)
Table 39 Mexico: Offshore Decommissioning Market Size, By Depth, 2015-2025 (USD Million)
Table 40 South America: Offshore Decommissioning Market Size, By Service Type, 2015-2025 (USD Million)
Table 41 South America: Offshore Decommissioning Market Size, By Removal Type, 2015-2025 (USD Million)
Table 42 South America: Offshore Decommissioning Market Size, By Structure, 2015-2025 (USD Million)
Table 43 South America: Offshore Decommissioning Market Size, By Depth, 2015-2025 (USD Million)
Table 44 South America: Offshore Decommissioning Market Size, By Country, 2015-2025 (USD Million)
Table 45 Brazil: Offshore Decommissioning Market Size, By Depth, 2015-2025 (USD Million)
Table 46 The Rest of South America: Offshore Decommissioning Market Size, By Depth, 2015-2025 (USD Million)
Table 47 Asia-Pacific: Offshore Decommissioning Market Size, By Service Type, 2015-2025 (USD Million)
Table 48 Asia-Pacific: Offshore Decommissioning Market Size, By Removal Type, 2015-2025 (USD Million)
Table 49 Asia-Pacific: Offshore Decommissioning Market Size, By Structure, 2015-2025 (USD Million)
Table 50 Asia-Pacific: Offshore Decommissioning Market Size, By Depth, 2015-2025 (USD Million)
Table 51 Asia-Pacific: Offshore Decommissioning Market Size, By Country, 2015-2025 (USD Million)
Table 52 Indonesia: Offshore Decommissioning Market Size, By Depth, 2015-2025 (USD Million)
Table 53 Malaysia: Offshore Decommissioning Market Size, By Depth, 2015-2025 (USD Million)
Table 54 China: Offshore Decommissioning Market Size, By Depth, 2015-2025 (USD Million)
Table 55 Australia: Offshore Decommissioning Market Size, By Depth, 2015-2025 (USD Million)
Table 56 The Rest of Asia-Pacific: Offshore Decommissioning Market Size, By Depth, 2015-2025 (USD Million)
Table 57 Middle East & Africa: Offshore Decommissioning Market Size, By Service Type, 2015-2025 (USD Million)
Table 58 Middle East & Africa: Offshore Decommissioning Market Size, By Removal Type, 2015-2025 (USD Million)
Table 59 Middle East & Africa: Offshore Decommissioning Market Size, By Structure, 2015-2025 (USD Million)
Table 60 Middle East & Africa: Offshore Decommissioning Market Size, By Depth, 2015-2025 (USD Million)
Table 61 Middle East & Africa: Offshore Decommissioning Market Size, By Country, 2015-2025 (USD Million)
Table 62 Angola: Offshore Decommissioning Market Size, By Depth, 2015-2025 (USD Million)
Table 63 U.A.E.: Offshore Decommissioning Market Size, By Depth, 2015-2025 (USD Million)
Table 64 Saudi Arabia: Offshore Decommissioning Market Size, By Depth, 2015-2025 (USD Million)
Table 65 The Rest of the Middle East & Africa: Offshore Decommissioning Market Size, By Depth, 2015-2025 (USD Million)

List of Figures

Figure 1 Markets Covered: Offshore Decommissioning
Figure 2 Offshore Decommissioning Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Market Breakdown & Data Triangulation
Figure 6 Limitations of Research Study
Figure 7 Offshore Decommissioning Region-Wise Market Share (Value), 2017
Figure 8 The Markets in Europe & North America are Expected to Dominate the Offshore Decommissioning Market During the Forecast Period, 2017-2025
Figure 9 Offshore Decommissioning Market, By Service Type, 2017-2025 (USD Billion)
Figure 10 Offshore Decommissioning Market Size, By Structure, 2017-2025 (USD Billion)
Figure 11 Attractive Market Opportunities in the Offshore Decommissioning Market
Figure 12 Offshore Decommissioning Market Share, By Structure, 2017-2025
Figure 13 The Well Plugging & Abandonment Segment is Expected to Dominate the Offshore Decommissioning Market, 2017-2025
Figure 14 The Complete Removal Offshore Decommissioning Segment Held the Largest Market Share in 2016
Figure 15 Offshore Decommissioning Market Share (Value), By Region, 2017-2025
Figure 16 The Well Plugging and Abandonment Segment to Lead the Offshore Decommissioning Market, in Terms of Growth, During the Forecast Period
Figure 17 The North American Market is Expected to Dominate the Platform Removal Market Grow at the Highest CAGR, 2017-2025
Figure 18 The Well Plugging and Abandonment Segment Was the Largest Segment of the Offshore Decommissioning Market, By Service, in 2016 (Value)
Figure 19 The Topsides Segment Was the Largest Segment of the Offshore Decommisisoning Market, By Structure, in 2016
Figure 20 The Shallow Water Segment Was the Largest Segment of the Offshore Decommisisoning Market, By Structure, in 2016
Figure 21 Companies Adopted Contracts & Agreements and New Product/Service/Technology Developments to Capture the Offshore Decommissioning Market During 2013-2017
Figure 22 Battle for Market Share: Contracts & Agreements is the Key Strategy
Figure 23 Market Evaluation Framework: Contracts & Agreements, Fleet Expansions, and Mergers & Acquisitions Have Fueled the Growth of Companies During 2013-2017
Figure 24 Market Ranking: Top Companies on the Basis of Market Ranking
Figure 25 Vendor Dive Matrix
Figure 26 Business Strategy Comparison
Figure 27 Product Strategy Comparison
Figure 28 Amec Foster Wheeler, PLC: Company Snapshot
Figure 29 Amec Foster Wheeler, PLC: Products Offering Scorecard
Figure 30 Amec Foster Wheeler, PLC: Business Strategy Scorecard
Figure 31 Technipfmc, PLC: Company Snapshot
Figure 32 Technipfmc, PLC: Product Offering Scorecard
Figure 33 Technipfmc, PLC: Business Strategy Scorecard
Figure 34 Ramboll Group: Company Snapshot (2016)
Figure 35 Ramboll Group: Product Offering Scorecard
Figure 36 Ramboll Group: Business Strategy Scorecard
Figure 37 John Wood Group, PLC: Company Snapshot (2016)
Figure 38 John Wood Group, PLC: Product Offering Scorecard
Figure 39 John Wood Group, PLC: Business Strategy Scorecard
Figure 40 AF Gruppen ASA: Company Snapshot (2016)
Figure 41 AF Gruppen ASA: Product Offering Scorecard
Figure 42 AF Gruppen ASA: Business Strategy Scorecard
Figure 43 Tetra Technologies, Inc.: Company Snapshot (2016)
Figure 44 Tetra Technologies, Inc.: Product Offering Scorecard
Figure 45 Tetra Technologies, Inc.: Business Strategy Scorecard
Figure 46 DNV GL AS: Company Snapshot
Figure 47 DNV GL AS: Products Offering Scorecard
Figure 48 DNV GL AS: Business Strategy Scorecard
Figure 49 Heerema Marine Contractors: Product Offering Scorecard
Figure 50 Heerema Marine Contractors: Business Strategy Scorecard
Figure 51 Petrofac Limited: Company Snapshot
Figure 52 Petrofac Limited: Product Offering Scorecard
Figure 53 Petrofac Limited: Business Strategy Scorecard
Figure 54 Claxton Engineering Services, Ltd.: Product Offering Scorecard
Figure 55 Claxton Engineering Services, Ltd.: Business Strategy Scorecard
Figure 56 Subsea 7 S.A.: Company Snapshot
Figure 57 Subsea 7 S.A.: Product Offering Scorecard
Figure 58 Subsea 7 S.A.: Business Strategy Scorecard
Figure 59 Aker Solutions ASA: Company Snapshot
Figure 60 Aker Solutions ASA: Product Offering Scorecard
Figure 61 Aker Solutions ASA: Business Strategy Scorecard
Figure 62 Able U.K. Limited: Product Offering Scorecard
Figure 63 Able U.K. Limited: Business Strategy Scorecard
Figure 64 Allseas Group S.A.: Product Offering Scorecard
Figure 65 Allseas Group S.A.: Business Strategy Scorecard
Figure 66 Deepocean Group Holding B.V.: Product Offering Scorecard
Figure 67 Deepocean Group Holding B.V.: Business Strategy Scorecard
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  • AF Gruppen ASA
  • Able U.K., Ltd.
  • Aker Solutions ASA
  • Allseas Group S.A.
  • Amec Foster Wheeler, PLC
  • Claxton Engineering Services, Ltd.
  • DNV GL AS
  • Deepocean Group Holding B.V.
  • Heerema Marine Contractors
  • John Wood Group, PLC
  • Petrofac Limited
  • Ramboll Group
  • Subsea 7 S.A.
  • Technipfmc, PLC
  • Tetra Technologies, Inc.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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