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Global Well Abandonment Services Market 2019-2023 - Product Image

Global Well Abandonment Services Market 2019-2023

  • ID: 4769232
  • Report
  • April 2019
  • Region: Global
  • 120 pages
  • TechNavio
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FEATURED COMPANIES

  • Halliburton
  • Schlumberger Limited
  • TechnipFMC plc
  • Weatherford
  • MORE
The regulatory requirements for well abandonment is one of the key factors anticipated to drive the well abandonment services market growth during the forecast period. Countries are ensuring that the abandoned wells do not affect the environment adversely. Some governments are mandating leak tests by the application of differential pressure for proving that the plug is holding strong. As a result, rising initiatives from the governments across the globe for well abandonment will foster the well abandonment services market growth during the forecast period. The analysts have predicted that the well abandonment services market will register a CAGR of close to 5% by 2023.

Market Overview

Maturing oil and gas fields

One of the growth drivers of the global well abandonment services market is the maturing oil and gas fields. The increase in the number of aging oil fields is likely to increase well-decommissioning activities, which, in turn, will drive the growth of the global well abandonment services market during the forecast period.

Use of EOR

One of the challenges in the growth of the global well abandonment services market is the use of EOR. EOR methods increase the production of oil from aging wells, using these methods will delay or postpone the decommissioning of aging wells, which will impede the growth of the market.

For the detailed list of factors that will drive and challenge the growth of the well abandonment services market during 2019-2023, view this report.

Competitive Landscape

The market appears to be moderately fragmented with the presence of several market players. Operators in the GoM and the North Sea are increasingly focusing on offshore decommissioning due to increasingly restrictive regulations and the rising associated cost of maintaining and operating aging platforms. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Halliburton
  • Schlumberger Limited
  • TechnipFMC plc
  • Weatherford
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
  • Market segmentation by application
  • Comparison by application
  • Offshore - Market size and forecast 2018-2023
  • Onshore - Market size and forecast 2018-2023
  • Market opportunity by application
PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • Europe - Market size and forecast 2018-2023
  • Americas - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity
PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 11: MARKET TRENDS
  • Emergence of rig less well abandonment techniques
  • Advances in post-abandonment monitoring systems and use of single lift in decommissioning
  • Conversion of decommissioned oil and gas platforms to offshore wind farms
PART 12: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
PART 13: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Baker Hughes, a GE company LLC
  • Halliburton
  • Schlumberger Limited
  • TechnipFMC plc
  • Weatherford
PART 14: APPENDIX
  • Research methodology
  • List of abbreviations
List of Exhibits
Exhibit 01: Global oilfield equipment and services market
Exhibit 02: Segments of global oilfield equipment and services market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Market size 2018
Exhibit 07: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 08: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 09: Five forces analysis 2018
Exhibit 10: Five forces analysis 2023
Exhibit 11: Bargaining power of buyers
Exhibit 12: Bargaining power of suppliers
Exhibit 13: Threat of new entrants
Exhibit 14: Threat of substitutes
Exhibit 15: Threat of rivalry
Exhibit 16: Market condition - Five forces 2018
Exhibit 17: Application - Market share 2018-2023 (%)
Exhibit 18: Comparison by application
Exhibit 19: Offshore - Market size and forecast 2018-2023 ($ millions)
Exhibit 20: Offshore - Year-over-year growth 2019-2023 (%)
Exhibit 21: Onshore - Market size and forecast 2018-2023 ($ millions)
Exhibit 22: Onshore - Year-over-year growth 2019-2023 (%)
Exhibit 23: Market opportunity by application
Exhibit 24: Customer landscape
Exhibit 25: Market share by geography 2018-2023 (%)
Exhibit 26: Geographic comparison
Exhibit 27: Europe - Market size and forecast 2018-2023 ($ millions)
Exhibit 28: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 29: Americas - Market size and forecast 2018-2023 ($ millions)
Exhibit 30: Americas - Year-over-year growth 2019-2023 (%)
Exhibit 31: MEA - Market size and forecast 2018-2023 ($ millions)
Exhibit 32: MEA - Year-over-year growth 2019-2023 (%)
Exhibit 33: APAC - Market size and forecast 2018-2023 ($ millions)
Exhibit 34: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 35: Key leading countries
Exhibit 36: Market opportunity
Exhibit 37: Impact of drivers and challenges
Exhibit 38: Vendor landscape
Exhibit 39: Landscape disruption
Exhibit 40: Vendors covered
Exhibit 41: Vendor classification
Exhibit 42: Market positioning of vendors
Exhibit 43: Baker Hughes, a GE company LLC - Vendor overview
Exhibit 44: Baker Hughes, a GE company LLC - Business segments
Exhibit 45: Baker Hughes, a GE company LLC - Organizational developments
Exhibit 46: Baker Hughes, a GE company LLC - Geographic focus
Exhibit 47: Baker Hughes, a GE company LLC - Segment focus
Exhibit 48: Baker Hughes, a GE company LLC - Key offerings
Exhibit 49: Halliburton - Vendor overview
Exhibit 50: Halliburton - Business segments
Exhibit 51: Halliburton - Organizational developments
Exhibit 52: Halliburton - Geographic focus
Exhibit 53: Halliburton - Segment focus
Exhibit 54: Halliburton - Key offerings
Exhibit 55: Schlumberger Limited - Vendor overview
Exhibit 56: Schlumberger Limited - Business segments
Exhibit 57: Schlumberger Limited - Organizational developments
Exhibit 58: Schlumberger Limited - Geographic focus
Exhibit 59: Schlumberger Limited - Segment focus
Exhibit 60: Schlumberger Limited - Key offerings
Exhibit 61: TechnipFMC plc - Vendor overview
Exhibit 62: TechnipFMC plc - Business segments
Exhibit 63: TechnipFMC plc - Organizational developments
Exhibit 64: TechnipFMC plc - Geographic focus
Exhibit 65: TechnipFMC plc - Segment focus
Exhibit 66: TechnipFMC plc - Key offerings
Exhibit 67: Weatherford - Vendor overview
Exhibit 68: Weatherford - Business segments
Exhibit 69: Weatherford - Organizational developments
Exhibit 70: Weatherford - Segment focus
Exhibit 71: Weatherford - Key offerings
Exhibit 72: Validation techniques employed for market sizing
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Halliburton
  • Schlumberger Limited
  • TechnipFMC plc
  • Weatherford
  • MORE
Global Well Abandonment Services Market 2019-2023

The analyst recognizes the following companies as the key players in the global well abandonment services market: Baker Hughes, a GE company LLC, Halliburton, Schlumberger Limited, TechnipFMC plc, and Weatherford.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the advances in post-abandonment monitoring systems and use of single lift in decommissioning.”

According to the report, one of the major drivers for this market is the rise of renewable energy.

Further, the report states that one of the major factors hindering the growth of this market is the safety concerns associated with well abandonment.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • Baker Hughes, a GE company LLC
  • Halliburton
  • Schlumberger Limited
  • TechnipFMC plc
  • Weatherford
Note: Product cover images may vary from those shown
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