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Global 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 Region - Forecast to 2027

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    Report

  • 244 Pages
  • July 2021
  • Region: Global
  • Markets and Markets
  • ID: 5361663
Description Jump to:

The global offshore decommissioning market is projected to reach USD 8 billion by 2027 from an estimated USD 5.2 billion in 2021, at a CAGR of 7.4% during the forecast period.


The factors driving the market include maturing oil & gas fields, low crude oil prices, and aging offshore infrastructure. Offshore decommissioning refers to ending oil & gas operations on offshore platforms and restoring marine life and seafloor to its pre-production conditions.



Well plugging & abandonment segment dominates the global market


The well plugging & abandonment segment is expected to be the largest market, by service type during the forecast period. This growth is evident owing to key activity to be performed regardless of decommissioning type; it ensures that oil wells do not have any type of leakage after the cessation of production. According to norms and regulations, wells that are matured and no longer productive need to be properly plugged & abandoned. It is essential to plug the wells before platform removal to prevent any kind of leakages, which can pollute the seafloor and damage the surrounding marine environment.


Complete removal dominate the global offshore decommissioning market


The complete removal segment of offshore decommissioning is estimated to be the largest market during the forecast period. Complete removal involves restoring the oilfield site to its natural or pre-commissioning state. It is an expensive decommissioning option for both operating companies and taxpayers. In the North Sea, a complete removal is currently required by the Convention for the Protection of the Marine Environment of the North-East Atlantic, or the ‘OSPAR’ agreement.


Europe to lead the global offshore decommissioning market in terms of growth rate


Europe is the largest market, by value, for offshore decommissioning, followed by North America. Owing to mature oil and gas fields, particularly in the UK 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.


Research Coverage


The report defines, describes, and forecasts the offshore decommissioning market, by service, structure, depth, removal, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include the analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the offshore decommissioning market.


The global offshore decommissioning market is dominated by leading players that have an extensive regional presence. The leading players in the offshore decommissioning industry are Heerema Marine Contractors (The Netherlands), Royal Boskalis Westminster N.V. (The Netherlands), Petrofac (Jersey), Oceaneering International (US), Baker Hughes Company (US), Halliburton (US), and Schlumberger (US).


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 I - 55%, Tier II - 25%, and Tier III - 20%
  • By Designation: C-Level - 35%, Director Level - 30%, and Others - 35%
  • By Region: North America - 20%, Europe - 30%, Asia-Pacific - 25%, Middle East & Africa - 15%, and South America - 10%

Note: Others includes sales managers, marketing managers, product managers, and product engineers


The tier of the companies is defined on the basis of their total revenue as of 2017; Tier 1: USD 1 billion, Tier 2: from USD 1 billion to USD 500 million, and Tier 3: <USD 500 million.


Key Benefits of Buying the Report


  1. The report identifies and addresses the key markets for offshore decommissioning, which would help service providers review the growth in demand.
  2. The report helps service providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
  3. The report will help key players understand the strategies of their competitors better and help them in making better strategic decisions.
Frequently Asked Questions about the Global Offshore Decommissioning Market

What is the estimated value of the Global Offshore Decommissioning Market?

The Global Offshore Decommissioning Market was estimated to be valued at $5.2 Billion in 2021.

What is the growth rate of the Global Offshore Decommissioning Market?

The growth rate of the Global Offshore Decommissioning Market is 7.4%, with an estimated value of $8 Billion by 2027.

What is the forecasted size of the Global Offshore Decommissioning Market?

The Global Offshore Decommissioning Market is estimated to be worth $8 Billion by 2027.

Who are the key companies in the Global Offshore Decommissioning Market?

Key companies in the Global Offshore Decommissioning Market include Able UK, Acteon Group, AF Gruppen, Aker Solutions, Allseas Group, Baker Hughes Company, Deepocean Group, Halliburton and John Wood Group plc.
Report AttributeDetails
No. of Pages244
PublishedJuly 2021
Forecast Period2021 - 2027
Estimated Market Value ( USD ) in 2021 $ 5.2 Billion
Forecasted Market Value ( USD ) by 2027 $ 8 Billion
Compound Annual Growth Rate7.4%
Regions CoveredGlobal
No. of Companies Mentioned20

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Definition
1.2.1 Offshore Decommissioning Market, by Depth: Inclusions & Exclusions
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Geographical Scope
1.4 Years Considered
1.5 Currency
1.6 Limitations
1.7 Stakeholders
1.8 Summary of Changes
2 Research Methodology
2.1 Research Data
Figure 1 Offshore Decommissioning Market: Research Design
2.2 Market Breakdown & Data Triangulation
Figure 2 Data Triangulation Methodology
2.2.1 Secondary Data
2.2.2 Primary Data
2.2.2.1 Key Industry Insights
2.2.2.2 Breakdown of Primaries
Figure 3 Breakdown of Primary Interviews: by Company Type, Designation, & Region
2.3 Impact of COVID-19 on Oil & Gas Industry
2.4 Market Size Estimation
2.4.1 Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
2.4.2 Top-Down Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
2.5 Demand-Side Metrics
Figure 6 Main Metrics Considered while Constructing and Assessing Demand for Offshore Decommissioning
Table 1 Number of Decommissioning Approvals and Project Costs are Determining Factors for Global Offshore Decommissioning Market
Figure 7 Market Size Estimation: Demand-Side Metrics Approach
2.5.1 Research Assumptions for Demand-Side Metrics
2.6 Supply-Side Analysis
Figure 8 Key Steps Considered for Assessing Supply of Offshore Decommissioning Services
Figure 9 Offshore Decommissioning Market: Supply-Side Analysis, 2020
2.6.1 Calculations for Supply Side
2.6.2 Assumptions for Supply Side
2.6.2.1 Key Primary Insights for Supply Side
2.7 Forecast
3 Executive Summary
Table 2 Offshore Decommissioning Market Snapshot
Figure 10 Europe Dominated Offshore Decommissioning Market (by Value) in 2020
Figure 11 Well Plugging & Abandonment Segment is Expected to Hold Largest Share of Offshore Decommissioning Market, by Service, During Forecast Period
Figure 12 Topsides Segment is Expected to Hold Largest Share of Offshore Decommissioning Market, by Structure, During Forecast Period
Figure 13 Shallow Water Segment is Expected to Lead Offshore Decommissioning Market, by Depth, During Forecast Period
Figure 14 Complete Removal Segment is Expected to Lead Offshore Decommissioning Market, by Removal, During Forecast Period
4 Premium Insights
4.1 Attractive Opportunities in Offshore Decommissioning Market
Figure 15 Maturing Oil & Gas Fields, and Low Crude Oil Prices to Drive Growth of Offshore Decommissioning Market, 2021-2027
4.2 Offshore Decommissioning Market, by Region
Figure 16 Offshore Decommissioning Market in Asia-Pacific to Grow at Highest CAGR During Forecast Period
4.3 Offshore Decommissioning Market, by Service
Figure 17 Well Plugging & Abandonment Segment Dominated Offshore Decommissioning Market in 2020
4.4 Offshore Decommissioning Market, by Structure
Figure 18 Topsides Segment Dominated Offshore Decommissioning Market, by Structure, in 2020
4.5 Offshore Decommissioning Market, by Depth
Figure 19 Shallow Water Segment Dominated Offshore Decommissioning Market in 2020
4.6 Offshore Decommissioning Market, by Removal
Figure 20 Complete Removal Dominated Offshore Decommissioning Market, by Removal, in 2020
4.7 Offshore Decommissioning Market in Europe, by Structure & Country
Figure 21 Topsides and UK Were Largest Shareholders in Offshore Decommissioning Market in Europe, by Structure and Country, in 2020
5 Market Overview
5.1 Introduction
5.2 COVID-19 Health Assessment
Figure 22 COVID-19 Global Propagation
Figure 23 COVID-19 Propagation in Selected Countries
5.3 Road to Recovery
Figure 24 Recovery Road for 2020 & 2021
5.4 COVID-19 Economic Assessment
Figure 25 Revised GDP Forecasts for Select G20 Countries in 2020
5.5 Market Dynamics
Figure 26 Offshore Decommissioning Market: Drivers, Restraints, Opportunities, and Challenges
5.5.1 Drivers
5.5.1.1 Growing Number of Abandoned Wells and Presence of Large Mature Offshore Oilfields Worldwide
Figure 27 Well Decommissioning Activities in North Sea, 2020 to 2029
Figure 28 Decline Rates of Mature Non-OPEC Fields, 2000-2019
5.5.1.2 Fluctuations in Oil Prices Boost Offshore Decommissioning Activities
Figure 29 West Texas Intermediate (WTI) Crude Oil Prices, January 2018-March 2021
5.5.2 Restraints
5.5.2.1 High Cost Associated with Offshore Decommissioning Processes
5.5.2.2 Lack of Skilled Workers in Developing Countries
5.5.2.3 Environmental Concerns Associated with Offshore Decommissioning
5.5.3 Opportunities
5.5.3.1 Aging Offshore Infrastructures, Especially in North Sea and Gulf of Mexico
Figure 30 Annual Average Decommissioning Need for Offshore Oil and Gas Assets, by Region, 2000-2040
5.5.3.2 Deepwater Discovery and Development in Offshore Areas
5.5.4 Challenges
5.5.4.1 Growing Adoption of Technologies to Increase Production from Mature Fields
5.5.4.2 Impact of COVID-19 on Offshore Decommissioning Spending
5.6 Trends/Disruptions Impacting Customers’ Businesses
5.6.1 Revenue Shift and New Revenue Pockets in Offshore Decommissioning Market
Figure 31 Revenue Shift of Offshore Decommissioning Providers
5.7 Supply Chain Overview
Figure 32 Offshore Decommissioning Market: Supply Chain
Table 3 Offshore Decommissioning Market: Supply Chain/Ecosystem
5.7.1 Key Influencers
5.7.1.1 EPC Companies
5.7.1.2 Service Providers
5.7.1.3 Operators
5.8 Market Map
Figure 33 Offshore Decommissioning Market Map
5.9 Technology Analysis
5.10 Patent Analysis
5.10.1 List of Major Patents
5.11 Offshore Decommissioning Market: Regulations
Table 4 Regulatory Landscape
5.12 Porter's Five Forces Analysis
Figure 34 Porter's Five Forces Analysis for Offshore Decommissioning Market
Table 5 Offshore Decommissioning Market: Porter's Five Forces Analysis
5.12.1 Threat of Substitutes
5.12.2 Bargaining Power of Suppliers
5.12.3 Bargaining Power of Buyers
5.12.4 Threat of New Entrants
5.12.5 Intensity of Competitive Rivalry
5.13 Case Study Analysis
5.13.1 Oceaneering Provided Decommissioning Support for Field Redevelopment in Persian Gulf
6 Offshore Decommissioning Market, by Service Type
6.1 Introduction
Figure 35 Offshore Decommissioning Market, by Service, 2020
Table 6 Offshore Decommissioning Market, by Service Type, 2017-2019 (USD Million)
Table 7 Offshore Decommissioning Market, by Service Type, 2020-2027 (USD Million)
6.2 Project Management, Engineering, and Planning
6.2.1 Project Management, Engineering, and Planning Phase of Decommissioning Can Start as Early as 2-3 Years Prior to Cessation of Production
Table 8 Offshore Decommissioning Market for Project Management, Engineering, and Planning, by Region, 2017-2019 (USD Million)
Table 9 Offshore Decommissioning Market for Project Management, Engineering, and Planning, by Region, 2020-2027 (USD Million)
6.3 Permitting & Regulatory Compliance
6.3.1 Middle East & Africa is Among Fastest Markets in Following Regulatory Compliance
Table 10 Offshore Decommissioning Market for Permitting & Regulatory Compliance, by Region, 2017-2019 (USD Million)
Table 11 Offshore Decommissioning Market for Permitting & Regulatory Compliance, by Region, 2020-2027 (USD Million)
6.4 Platform Preparation
6.4.1 Platform Preparation Helps in Reducing Offshore Decommissioning Costs and Time
Table 12 Offshore Decommissioning Market for Platform Preparation, by Region, 2017-2019 (USD Million)
Table 13 Offshore Decommissioning Market for Platform Preparation, by Region, 2020-2027 (USD Million)
6.5 Well Plugging & Abandonment
6.5.1 Increasing Investments in Well Plugging & Abandonment are Driving Market
Table 14 Offshore Decommissioning Market for Well Plugging & Abandonment, by Region, 2017-2019 (USD Million)
Table 15 Offshore Decommissioning Market for Well Plugging & Abandonment, by Region, 2020-2027 (USD Million)
6.6 Conductor Removal
6.6.1 Growing Emphasis on Safety is Expected to Drive Market for Conductor Removal Segment During Forecast Period
Table 16 Offshore Decommissioning Market for Conductor Removal, by Region, 2017-2019 (USD Million)
Table 17 Offshore Decommissioning Market for Conductor Removal, by Region, 2020-2027 (USD Million)
6.7 Mobilization & Demobilization of Derrick Barges
6.7.1 Rising Need for Economical and Safe Transportation of Structures to Onshore Locations is Expected to Drive Market During Forecast Period 91
Table 18 Offshore Decommissioning Market for Mobilization & Demobilization of Derrick Barges, by Region, 2017-2019 (USD Million)
Table 19 Offshore Decommissioning Market for Mobilization & Demobilization of Derrick Barges, by Region, 2020-2027 (USD Million)
6.8 Platform Removal
6.8.1 North Sea and Gulf of Mexico are Home to Maximum Number of Platforms, Which are Ideal and Not Producing Any Type of Hydrocarbons and Eligible for Decommissioning
Table 20 Offshore Decommissioning Market for Platform Removal, by Region, 2017-2019 (USD Million)
Table 21 Offshore Decommissioning Market for Platform Removal, by Region, 2020-2027 (USD Million)
6.9 Pipeline & Power Cable Decommissioning
6.9.1 Ageing Offshore Infrastructures are Estimated to Drive Market for this Segment During Forecast Period
Table 22 Offshore Decommissioning Market for Pipeline & Power Cable Decommissioning, by Region, 2017-2019 (USD Million)
Table 23 Offshore Decommissioning Market for Pipeline & Power Cable Decommissioning, by Region, 2020-2027 (USD Million)
6.10 Material Disposal
6.10.1 Rising Need for Safe Disposal and Recycling of Structure is Expected to Propel Market Growth During Forecast Period
Table 24 Offshore Decommissioning Market for Material Disposal, by Region, 2017-2019 (USD Million)
Table 25 Offshore Decommissioning Market for Material Disposal, by Region, 2020-2027 (USD Million)
6.11 Site Clearance
6.11.1 Availability of Regulatory Framework Guides Operating Companies to Conduct Their Site Clearance in Environmentally Safe Manner
Table 26 Offshore Decommissioning Market for Site Clearance, by Region, 2017-2019 (USD Million)
Table 27 Offshore Decommissioning Market for Site Clearance, by Region, 2020-2027 (USD Million)
7 Offshore Decommissioning Market, by Structure
7.1 Introduction
Figure 36 Offshore Decommissioning Market, by Structure, 2020
Table 28 Offshore Decommissioning Market, by Structure, 2017-2019 (USD Million)
Table 29 Offshore Decommissioning Market, by Structure, 2020-2027 (USD Million)
7.2 Topsides
7.2.1 Growing Number of Projects & Investments for Topside Removal is Expected to Drive Market During Forecast Period
Table 30 Offshore Decommissioning Market for Topsides, by Region, 2017-2019 (USD Million)
Table 31 Offshore Decommissioning Market for Topsides, by Region, 2020-2027 (USD Million)
7.3 Substructure
7.3.1 Increasing Substructure Decommissioning Activities in North Sea are Driving Market During Forecast Period
Table 32 Offshore Decommissioning Market for Substructure, by Region, 2017-2019 (USD Million)
Table 33 Offshore Decommissioning Market for Substructure, by Region, 2020-2027 (USD Million)
7.4 Subsea Infrastructure
7.4.1 Aging Subsea Equipment and Infrastructure are Expected to Boost Market Growth
Table 34 Offshore Decommissioning Market for Subsea Infrastructure, by Region, 2017-2019 (USD Million)
Table 35 Offshore Decommissioning Market for Subsea Infrastructure, by Region, 2020-2027 (USD Million)
8 Offshore Decommissioning Market, by Depth
8.1 Introduction
Figure 37 Shallow Water Held Larger Share of Offshore Decommissioning Market, by Depth, in 2020
Table 36 Offshore Decommissioning Market Size, by Depth, 2017-2019 (USD Million)
Table 37 Offshore Decommissioning Market Size, by Depth, 2020-2027 (USD Million)
8.2 Shallow Water
8.2.1 Shallow Water Projects are 30-40 Years Old and Hence Need to be Decommissioned
Table 38 Offshore Decommissioning Market for Shallow Water, by Region, 2017-2019 (USD Million)
Table 39 Offshore Decommissioning Market for Shallow Water, by Region, 2020-2027 (USD Million)
8.3 Deepwater
8.3.1 Increasing Need to Decommission Abandoned Wells in Deepwater Areas is Driving Market
Table 40 Offshore Decommissioning Market for Deepwater, by Region, 2017-2019 (USD Million)
Table 41 Offshore Decommissioning Market for Deepwater, by Region, 2020-2027 (USD Million)
9 Offshore Decommissioning Market, by Removal
9.1 Introduction
Figure 38 Offshore Decommissioning Market, by Removal, 2020
Table 42 Offshore Decommissioning Market, by Removal, 2017-2019 (USD Million)
Table 43 Offshore Decommissioning Market, by Removal, 2020-2027 (USD Million)
9.2 Complete Removal
9.2.1 Safety Concerns Regarding Marine Life are Expected to Drive Market for Complete Removal Segment During Forecast Period
Table 44 Offshore Decommissioning Market for Complete Removal, by Region, 2017-2019 (USD Million)
Table 45 Offshore Decommissioning Market for Complete Removal, by Region, 2020-2027 (USD Million)
9.3 Partial Removal
9.3.1 Government Policies in US Gulf of Mexico are Driving Market for this Segment
Table 46 Partial Removal: Offshore Decommissioning Market, by Region, 2017-2019 (USD Million)
Table 47 Partial Removal: Offshore Decommissioning Market, by Region, 2020-2027 (USD Million)
9.4 Leave in Place
9.4.1 Leave in Place Removal Requires No Site Clearance and Provides Migratory Animal Habitat, Which is Estimated to Boost Market Growth for this Segment
Table 48 Offshore Decommissioning Market for Leave in Place, by Region, 2017-2019 (USD Million)
Table 49 Leave in Place: Offshore Decommissioning Market, by Region, 2020-2027 (USD Million)
10 Offshore Decommissioning Market, by Region
10.1 Introduction
Figure 39 Offshore Decommissioning Market in Asia-Pacific is Expected to Grow at Highest CAGR During Forecast Period
Figure 40 Europe Held Largest Share of Offshore Decommissioning Market, by Region, 2020
Table 50 Offshore Decommissioning Market, by Region, 2017-2019 (USD Million)
Table 51 Offshore Decommissioning Market, by Region, 2020-2027 (USD Million)
10.2 Europe
Figure 41 Europe: Regional Snapshot
10.2.1 By Service Type
Table 52 Offshore Decommissioning Market in Europe, by Service Type, 2017-2019 (USD Million)
Table 53 Offshore Decommissioning Market in Europe, by Service Type, 2020-2027 (USD Million)
10.2.2 By Structure
Table 54 Offshore Decommissioning Market in Europe, by Structure, 2017-2019 (USD Million)
Table 55 Offshore Decommissioning Market in Europe, by Structure, 2020-2027 (USD Million)
10.2.3 By Depth
Table 56 Offshore Decommissioning Market in Europe, by Depth, 2017-2019 (USD Million)
Table 57 Offshore Decommissioning Market in Europe, by Depth, 2020-2027 (USD Million)
10.2.4 By Removal
Table 58 Offshore Decommissioning Market in Europe, by Removal, 2017-2019 (USD Million)
Table 59 Offshore Decommissioning Market in Europe, by Removal, 2020-2027 (USD Million)
10.2.5 By Country
Table 60 Offshore Decommissioning Market in Europe, by Country, 2017-2019 (USD Million)
Table 61 Offshore Decommissioning Market in Europe, by Country, 2020-2027 (USD Million)
10.2.5.1 UK
10.2.5.1.1 Presence of Major Mature Offshore Oilfields and Government Policies such as Tax Refunds for Decommissioning of Its Oil & Gas Assets are Fostering Market Growth
Table 62 Offshore Decommissioning Market in UK, by Structure, 2017-2019 (USD Million)
Table 63 Offshore Decommissioning Market in UK, by Structure, 2020-2027 (USD Million)
Table 64 Offshore Decommissioning Market in UK, by Depth, 2017-2019 (USD Million)
Table 65 Offshore Decommissioning Market in UK, by Depth, 2020-2027 (USD Million)
Table 66 Offshore Decommissioning Market in UK, by Removal, 2017-2019 (USD Million)
Table 67 Offshore Decommissioning Market in UK, by Removal, 2020-2027 (USD Million)
10.2.5.2 Norway
10.2.5.2.1 Increasing Number of Mature Oilfields is Expected to Lead to Growth of Market
Table 68 Offshore Decommissioning Market in Norway, by Structure, 2017-2019 (USD Million)
Table 69 Offshore Decommissioning Market in Norway, by Structure, 2020-2027 (USD Million)
Table 70 Offshore Decommissioning Market in Norway, by Depth, 2017-2019 (USD Million)
Table 71 Offshore Decommissioning Market in Norway, by Depth, 2020-2027 (USD Million)
Table 72 Offshore Decommissioning Market in Norway, by Removal, 2017-2019 (USD Million)
Table 73 Offshore Decommissioning Market in Norway, by Removal, 2020-2027 (USD Million)
10.2.5.3 Netherlands
10.2.5.3.1 Most Old Structures and Platforms in Shallow Water Areas are Now Eligible for Decommissioning, Thereby Offering Opportunities for Market Growth
Table 74 Offshore Decommissioning Market in Netherlands, by Structure, 2017-2019 (USD Million)
Table 75 Offshore Decommissioning Market in Netherlands, by Structure, 2020-2027 (USD Million)
Table 76 Offshore Decommissioning Market in Netherlands, by Depth, 2017-2019 (USD Million)
Table 77 Offshore Decommissioning Market in Netherlands, by Depth, 2020-2027 (USD Million)
Table 78 Offshore Decommissioning Market in Netherlands, by Removal, 2017-2019 (USD Million)
Table 79 Offshore Decommissioning Market in Netherlands, by Removal, 2020-2027 (USD Million)
10.2.5.4 Rest of Europe
Table 80 Offshore Decommissioning Market in Rest of Europe, by Structure, 2017-2019 (USD Million)
Table 81 Offshore Decommissioning Market in Rest of Europe, by Structure, 2020-2027 (USD Million)
Table 82 Offshore Decommissioning Market in Rest of Europe, by Depth, 2017-2019 (USD Million)
Table 83 Offshore Decommissioning Market in Rest of Europe, by Depth, 2020-2027 (USD Million)
Table 84 Offshore Decommissioning Market in Rest of Europe, by Removal, 2017-2019 (USD Million)
Table 85 Offshore Decommissioning Market in Rest of Europe, by Removal, 2020-2027 (USD Million)
10.3 North America
Figure 42 North America: Regional Snapshot
10.3.1 By Service Type
Table 86 Offshore Decommissioning Market in North America, by Service Type, 2017-2019 (USD Million)
Table 87 Offshore Decommissioning Market in North America, by Service Type, 2020-2027 (USD Million)
10.3.2 By Structure
Table 88 Offshore Decommissioning Market in North America, by Structure, 2017-2019 (USD Million)
Table 89 Offshore Decommissioning Market in North America, by Structure, 2020-2027 (USD Million)
10.3.3 By Depth
Table 90 Offshore Decommissioning Market in North America, by Depth, 2017-2019 (USD Million)
Table 91 Offshore Decommissioning Market in North America, by Depth, 2020-2027 (USD Million)
10.3.4 By Removal
Table 92 Offshore Decommissioning Market in North America, by Removal, 2017-2019 (USD Million)
Table 93 Offshore Decommissioning Market in North America, by Removal, 2020-2027 (USD Million)
10.3.5 By Country
Table 94 Offshore Decommissioning Market in North America, by Country, 2017-2019 (USD Million)
Table 95 Offshore Decommissioning Market in North America, by Country, 2020-2027 (USD Million)
10.3.5.1 US
10.3.5.1.1 Presence of Large Number of Abandoned Wells, Which Need to be Decommissioned is Expected to Boost Market Growth
Table 96 Offshore Decommissioning Market in US, by Structure, 2017-2019 (USD Million)
Table 97 Offshore Decommissioning Market in US, by Structure, 2020-2027 (USD Million)
Table 98 Offshore Decommissioning Market in US, by Depth, 2017-2019 (USD Million)
Table 99 Offshore Decommissioning Market in US, by Depth, 2020-2027 (USD Million)
Table 100 Offshore Decommissioning Market in US, by Removal, 2017-2019 (USD Million)
Table 101 Offshore Decommissioning Market in US, by Removal, 2020-2027 (USD Million)
10.3.5.2 Canada
10.3.5.2.1 Support Polices for Offshore Decommissioning are Expected to Drive Market in Canada During Forecast Period
Table 102 Offshore Decommissioning Market in Canada, by Structure, 2017-2019 (USD Million)
Table 103 Offshore Decommissioning Market in Canada, by Structure, 2020-2027 (USD Million)
Table 104 Offshore Decommissioning Market in Canada, by Depth, 2017-2019 (USD Million)
Table 105 Offshore Decommissioning Market in Canada, by Depth, 2020-2027 (USD Million)
Table 106 Offshore Decommissioning Market in Canada, by Removal, 2017-2019 (USD Million)
Table 107 Offshore Decommissioning Market in Canada, by Removal, 2020-2027 (USD Million)
10.3.5.3 Mexico
10.3.5.3.1 Complete Removal of Aging Infrastructure Dominated Offshore Decommissioning Market in Mexico
Table 108 Offshore Decommissioning Market in Mexico, by Structure, 2017-2019 (USD Million)
Table 109 Offshore Decommissioning Market in Mexico, by Structure, 2020-2027 (USD Million)
Table 110 Offshore Decommissioning Market in Mexico, by Depth, 2017-2019 (USD Million)
Table 111 Offshore Decommissioning Market in Mexico, by Depth, 2020-2027 (USD Million)
Table 112 Offshore Decommissioning Market in Mexico, by Removal, 2017-2019 (USD Million)
Table 113 Offshore Decommissioning Market in Mexico, by Removal, 2020-2027 (USD Million)
10.4 South America
10.4.1 By Service Type
Table 114 Offshore Decommissioning Market in South America, by Service Type, 2017-2019 (USD Million)
Table 115 Offshore Decommissioning Market in South America, by Service Type, 2020-2027 (USD Million)
10.4.2 By Structure
Table 116 Offshore Decommissioning Market in South America, by Structure, 2017-2019 (USD Million)
Table 117 Offshore Decommissioning Market in South America, by Structure, 2020-2027 (USD Million)
10.4.3 By Depth
Table 118 Offshore Decommissioning Market in South America, by Depth, 2017-2019 (USD Million)
Table 119 Offshore Decommissioning Market in South America, by Depth, 2020-2027 (USD Million)
10.4.4 By Removal
Table 120 Offshore Decommissioning Market in South America, by Removal, 2017-2019 (USD Million)
Table 121 Offshore Decommissioning Market in South America, by Removal, 2020-2027 (USD Million)
10.4.5 By Country
Table 122 Offshore Decommissioning Market in South America, by Country, 2017-2019 (USD Million)
Table 123 Offshore Decommissioning Market in South America, by Country, 2020-2027 (USD Million)
10.4.5.1 Brazil
10.4.5.1.1 Increasing Investments and New Regulations are Driving Market in Brazil
Table 124 Offshore Decommissioning Market in Brazil, by Structure, 2017-2019 (USD Million)
Table 125 Offshore Decommissioning Market in Brazil, by Structure, 2020-2027 (USD Million)
Table 126 Offshore Decommissioning Market in Brazil, by Depth, 2017-2019 (USD Million)
Table 127 Offshore Decommissioning Market in Brazil, by Depth, 2020-2027 (USD Million)
Table 128 Offshore Decommissioning Market in Brazil, by Removal, 2017-2019 (USD Million)
Table 129 Offshore Decommissioning Market in Brazil, by Removal, 2020-2027 (USD Million)
10.4.5.2 Rest of South America
10.4.5.2.1 Low Crude Oil Prices Would Increase Demand for Offshore Decommissioning During Forecast Period
Table 130 Offshore Decommissioning Market in Rest of South America, by Structure, 2017-2019 (USD Million)
Table 131 Offshore Decommissioning Market in Rest of South America, by Structure, 2020-2027 (USD Million)
Table 132 Offshore Decommissioning Market in Rest of South America, by Depth, 2017-2019 (USD Million)
Table 133 Offshore Decommissioning Market in Rest of South America, by Depth, 2020-2027 (USD Million)
Table 134 Offshore Decommissioning Market in Rest of South America, by Removal, 2017-2019 (USD Million)
Table 135 Offshore Decommissioning Market in Rest of South America, by Removal, 2020-2027 (USD Million)
10.5 Middle East & Africa
10.5.1 By Service Type
Table 136 Offshore Decommissioning Market in Middle East & Africa, by Service Type, 2017-2019 (USD Million)
Table 137 Offshore Decommissioning Market in Middle East & Africa, by Service Type, 2020-2027 (USD Million)
10.5.2 By Structure
Table 138 Offshore Decommissioning Market in Middle East & Africa, by Structure, 2017-2019 (USD Million)
Table 139 Offshore Decommissioning Market in Middle East & Africa, by Structure, 2020-2027 (USD Million)
10.5.3 By Depth
Table 140 Offshore Decommissioning Market in Middle East & Africa, by Depth, 2017-2019 (USD Million)
Table 141 Offshore Decommissioning Market in Middle East & Africa, by Depth, 2020-2027 (USD Million)
10.5.4 By Removal
Table 142 Offshore Decommissioning Market in Middle East & Africa, by Removal, 2017-2019 (USD Million)
Table 143 Offshore Decommissioning Market in Middle East & Africa, by Removal, 2020-2027 (USD Million)
10.5.5 By Country
Table 144 Offshore Decommissioning Market in Middle East & Africa, by Country, 2017-2019 (USD Million)
Table 145 Offshore Decommissioning Market in Middle East & Africa, by Country, 2020-2027 (USD Million)
10.5.5.1 UAE
10.5.5.1.1 Increasing Number of Mature Oilfields in Shallow Water is Expected to Dominate Offshore Decommissioning Market in UAE
Table 146 Offshore Decommissioning Market in UAE, by Structure, 2017-2019 (USD Million)
Table 147 Offshore Decommissioning Market in UAE, by Structure, 2020-2027 (USD Million)
Table 148 Offshore Decommissioning Market in UAE, by Depth, 2017-2019 (USD Million)
Table 149 Offshore Decommissioning Market in UAE, by Depth, 2020-2027 (USD Million)
Table 150 Offshore Decommissioning Market in UAE, by Removal, 2017-2019 (USD Million)
Table 151 Offshore Decommissioning Market in UAE, by Removal, 2020-2027 (USD Million)
10.5.5.2 Angola
10.5.5.2.1 Implementation of New Regulations is Boosting Offshore Decommissioning Market in Angola
Table 152 Offshore Decommissioning Market in Angola, by Structure, 2017-2019 (USD Million)
Table 153 Offshore Decommissioning Market in Angola, by Structure, 2020-2027 (USD Million)
Table 154 Offshore Decommissioning Market in Angola, by Depth, 2017-2019 (USD Million)
Table 155 Offshore Decommissioning Market in Angola, by Depth, 2020-2027 (USD Million)
Table 156 Offshore Decommissioning Market in Angola, by Removal, 2017-2019 (USD Million)
Table 157 Offshore Decommissioning Market in Angola, by Removal, 2020-2027 (USD Million)
10.5.5.3 Saudi Arabia
10.5.5.3.1 Increasing Investments for Decommissioning Activities in Offshore Field
Table 158 Offshore Decommissioning Market in Saudi Arabia, by Structure, 2017-2019 (USD Million)
Table 159 Offshore Decommissioning Market in Saudi Arabia, by Structure, 2020-2027 (USD Million)
Table 160 Offshore Decommissioning Market in Saudi Arabia, by Depth, 2017-2019 (USD Million)
Table 161 Offshore Decommissioning Market in Saudi Arabia, by Depth, 2020-2027 (USD Million)
Table 162 Offshore Decommissioning Market in Saudi Arabia, by Removal, 2017-2019 (USD Million)
Table 163 Offshore Decommissioning Market in Saudi Arabia, by Removal, 2020-2027 (USD Million)
10.5.5.4 Rest of Middle East & Africa
Table 164 Offshore Decommissioning Market in Rest of Middle East & Africa, by Structure, 2017-2019 (USD Million)
Table 165 Offshore Decommissioning Market in Rest of Middle East & Africa, by Structure, 2020-2027 (USD Million)
Table 166 Offshore Decommissioning Market in Rest of Middle East & Africa, by Depth, 2017-2019 (USD Million)
Table 167 Offshore Decommissioning Market in Rest of Middle East & Africa, by Depth, 2020-2027 (USD Million)
Table 168 Offshore Decommissioning Market in Rest of Middle East & Africa, by Removal, 2017-2019 (USD Million)
Table 169 Offshore Decommissioning Market in Rest of Middle East & Africa, by Removal, 2020-2027 (USD Million)
10.6 Asia-Pacific
10.6.1 By Service Type
Table 170 Offshore Decommissioning Market in Asia-Pacific, by Service Type, 2017-2019 (USD Million)
Table 171 Offshore Decommissioning Market in Asia-Pacific, by Service Type, 2020-2027 (USD Million)
10.6.2 By Structure
Table 172 Offshore Decommissioning Market in Asia-Pacific, by Structure, 2017-2019 (USD Million)
Table 173 Offshore Decommissioning Market in Asia-Pacific, by Structure, 2020-2027 (USD Million)
10.6.3 By Depth
Table 174 Offshore Decommissioning Market in Asia-Pacific, by Depth, 2017-2019 (USD Million)
Table 175 Offshore Decommissioning Market in Asia-Pacific, by Depth, 2020-2027 (USD Million)
10.6.4 By Removal
Table 176 Offshore Decommissioning Market in Asia-Pacific, by Removal, 2017-2019 (USD Million)
Table 177 Offshore Decommissioning Market in Asia-Pacific, by Removal, 2020-2027 (USD Million)
10.6.5 By Country
Table 178 Offshore Decommissioning Market in Asia-Pacific, by Country, 2017-2019 (USD Million)
Table 179 Offshore Decommissioning Market in Asia-Pacific, by Country, 2020-2027 (USD Million)
10.6.5.1 China
10.6.5.1.1 Shallow Water Segment is Expected to Dominate Offshore Decommissioning Market in China
Table 180 Offshore Decommissioning Market in China, by Structure, 2017-2019 (USD Million)
Table 181 Offshore Decommissioning Market in China, by Structure, 2020-2027 (USD Million)
Table 182 Offshore Decommissioning Market in China, by Depth, 2017-2019 (USD Million)
Table 183 Offshore Decommissioning Market in China, by Depth, 2020-2027 (USD Million)
Table 184 Offshore Decommissioning Market in China, by Removal, 2017-2019 (USD Million)
Table 185 Offshore Decommissioning Market in China, by Removal, 2020-2027 (USD Million)
10.6.5.2 Indonesia
10.6.5.2.1 Declining Oil & Gas Production Over Past 10 Years from Aging Oilfields is Expected to Drive Market
Table 186 Offshore Decommissioning Market in Indonesia, by Structure, 2017-2019 (USD Million)
Table 187 Offshore Decommissioning Market in Indonesia, by Structure, 2020-2027 (USD Million)
Table 188 Offshore Decommissioning Market in Indonesia, by Depth, 2017-2019 (USD Million)
Table 189 Offshore Decommissioning Market in Indonesia, by Depth, 2020-2027 (USD Million)
Table 190 Offshore Decommissioning Market in Indonesia, by Removal, 2017-2019 (USD Million)
Table 191 Offshore Decommissioning Market in Indonesia, by Removal, 2020-2027 (USD Million)
10.6.5.3 Malaysia
10.6.5.3.1 Growing Number of Maturing Well and Decommissioning Activities in Malaysian Offshore Fields is Expected to Drive Market
Table 192 Offshore Decommissioning Market in Malaysia, by Structure, 2017-2019 (USD Million)
Table 193 Offshore Decommissioning Market in Malaysia, by Structure, 2020-2027 (USD Million)
Table 194 Offshore Decommissioning Market in Malaysia, by Depth, 2017-2019 (USD Million)
Table 195 Offshore Decommissioning Market in Malaysia, by Depth, 2020-2027 (USD Million)
Table 196 Offshore Decommissioning Market in Malaysia, by Removal, 2017-2019 (USD Million)
Table 197 Offshore Decommissioning Market in Malaysia, by Removal, 2020-2027 (USD Million)
10.6.5.4 Australia
10.6.5.4.1 Supporting Government Investments in Country are Expected to Drive Offshore Decommissioning Market During Forecast Period
Table 198 Offshore Decommissioning Market in Australia, by Structure, 2017-2019 (USD Million)
Table 199 Offshore Decommissioning Market in Australia, by Structure, 2020-2027 (USD Million)
Table 200 Offshore Decommissioning Market in Australia, by Depth, 2017-2019 (USD Million)
Table 201 Offshore Decommissioning Market in Australia, by Depth, 2020-2027 (USD Million)
Table 202 Offshore Decommissioning Market in Australia, by Removal, 2017-2019 (USD Million)
Table 203 Offshore Decommissioning Market in Australia, by Removal, 2020-2027 (USD Million)
10.6.5.5 Rest of Asia-Pacific
Table 204 Offshore Decommissioning Market in Rest of Asia-Pacific, by Structure, 2017-2019 (USD Million)
Table 205 Offshore Decommissioning Market in Rest of Asia-Pacific, by Structure, 2020-2027 (USD Million)
Table 206 Offshore Decommissioning Market in Rest of Asia-Pacific, by Depth, 2017-2019 (USD Million)
Table 207 Offshore Decommissioning Market in Rest of Asia-Pacific, by Depth, 2020-2027 (USD Million)
Table 208 Offshore Decommissioning Market in Rest of Asia-Pacific, by Removal, 2017-2019 (USD Million)
Table 209 Offshore Decommissioning Market in Rest of Asia-Pacific, by Removal, 2020-2027 (USD Million)
11 Competitive Landscape
11.1 Overview
Figure 43 Key Developments in Offshore Decommissioning Market, 2017 to 2021
11.2 Revenue Analysis of Top 6 Market Players
Figure 44 Top 6 Players Dominated Market in Last 5 Years
11.3 Share Analysis of Key Players, 2020
Table 210 Offshore Decommissioning Market: Degree of Competition
Figure 45 Share Analysis of Top Players in Offshore Decommissioning Market, 2020
11.4 Market Evaluation Framework
Table 211 Market Evaluation Framework, 2017-2021
11.5 Competitive Leadership Mapping
11.5.1 Star
11.5.2 Emerging Leader
11.5.3 Pervasive
11.5.4 Participant
Figure 46 Offshore Decommissioning Market: Competitive Leadership Mapping, 2020
11.6 Competitive Scenario and Trends
11.6.1 Deals
11.6.2 Offshore Decommissioning Market: Deals, 2017-2021
Table 212 Company Service Type Footprint
Table 213 Company Regional Footprint
12 Company Profiles
12.1 Key Companies
(Business Overview, Products Offered, Recent Developments, Analyst's View)*
12.1.1 Halliburton
Table 214 Halliburton: Business Overview
Figure 47 Halliburton: Company Snapshot
Table 215 Halliburton: Deals
12.1.2 Petrofac
Table 216 Petrofac: Business Overview
Figure 48 Petrofac: Company Snapshot
Table 217 Petrofac: Deals
12.1.3 Oceaneering International
Table 218 Oceaneering International: Business Overview
Figure 49 Oceaneering International: Company Snapshot
Table 219 Oceaneering International: Deals
Table 220 Oceaneering International: Others
12.1.4 Royal Boskalis Westminster N.V.
Table 221 Royal Boskalis Westminster N.V.: Business Overview
Figure 50 Royal Boskalis Westminster N.V.: Company Snapshot
Table 222 Royal Boskalis Westminster N.V.: Deals
12.1.5 Aker Solutions
Table 223 Aker Solutions: Business Overview
Figure 51 Aker Solutions: Company Snapshot
Table 224 Aker Solutions: Deals
Table 225 Aker Solutions: Others
12.1.6 Schlumberger
Table 226 Schlumberger: Business Overview
Figure 52 Schlumberger: Company Snapshot
Table 227 Schlumberger: Deals
12.1.7 Baker Hughes Company
Table 228 Baker Hughes Company: Business Overview
Figure 53 Baker Hughes Company: Company Snapshot
Table 229 Baker Hughes Company: Deals
12.1.8 TechnipFMC
Table 230 TechnipFMC: Business Overview
Figure 54 TechnipFMC: Company Snapshot
Table 231 TechnipFMC: Deals
12.1.9 Subsea 7
Table 232 Subsea 7: Business Overview
Figure 55 Subsea 7: Company Snapshot
Table 233 Subsea 7: Deals
12.1.10 Weatherford
Table 234 Weatherford: Business Overview
Figure 56 Weatherford: Company Snapshot
Table 235 Weatherford: Deals
12.1.11 Saipem
Table 236 Saipem: Business Overview
Figure 57 Saipem: Company Snapshot
Table 237 Saipem: Deals
12.1.12 John Wood Group plc
Table 238 John Wood Group plc: Business Overview
Figure 58 John Wood Group plc: Company Snapshot
Table 239 John Wood Group: Deals
12.1.13 AF Gruppen
Table 240 AF Gruppen: Business Overview
Figure 59 AF Gruppen: Company Snapshot
Table 241 AF Gruppen: Deals
12.1.14 Heerema Marine Contractors
Table 242 Heerema Marine Contractors: Business Overview
Table 243 Heerema Marine Contractors: Deals
12.1.15 Allseas Group
Table 244 Allseas Group: Business Overview
Table 245 Allseas Group: Deals
12.2 Other Companies
12.2.1 Deepocean Group
12.2.2 Acteon Group
12.2.3 Maersk Decom
12.2.4 Able UK
12.2.5 Mactech Offshore
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, Analyst's View Might Not be Captured in Case of Unlisted Companies
13 Appendix
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: The Subscription Portal
13.4 Available Customizations

Executive Summary

Companies Mentioned

  • Able UK
  • Acteon Group
  • AF Gruppen
  • Aker Solutions
  • Allseas Group
  • Baker Hughes Company
  • Deepocean Group
  • Halliburton
  • Heerema Marine Contractors
  • John Wood Group plc
  • Mactech Offshore
  • Maersk Decom
  • Oceaneering International
  • Petrofac
  • Royal Boskalis Westminster N.V.
  • Saipem
  • Schlumberger
  • Subsea 7
  • TechnipFMC
  • Weatherford

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