News Crusader

Offshore Decommissioning Market Analysis, Size, Share, Growth and Trends by Forecast to 2023

Offshore Decommissioning Market Research
Global Offshore Decommissioning Market Information Report by Type (Topside, Substructure, sub Infrastructure), by Service Type (Well Plugging and Abandonment, Conductor Removal, Platform Removal and Others), by Application (Shallow Water and Deepwater) and By Regions – Global Forecast to 2023

Topside market is expected to grow at the highest rate.

Topside accounted for the largest market share of 55.65% in 2016, with a market value of USD 1,804.6 million and is projected to grow at the highest CAGR of 9.94% during the forecast period. Substructure was the second-largest market in 2016, valued at USD 806.8 million in 2016; it is projected to grow at a CAGR of 3.58%.

Market Highlights

The oil production from the world’s giant old fields, is continuously declining, and is expected to decline further. This is driving the global oil and gas companies to focus on cost effective ways of decommissioning these fields, while maintaining focus on high environmental and safety standards. According to Oil and Gas Authority. Aberdeen, Scotland, a total of 1,832 wells are forecast to be plugged and abandoned in the North Sea and Norwegian Continental Shelves region. The decommissioning of oil and gas fields help companies develop expertise that can be exported throughout the world, from the Gulf of Mexico to the South China Sea that can generate revenue and also can create thousands of highly skilled jobs.

Global Offshore Decommissioning Market is predicted to grow at approximately 6.93% by 2023

Request a Sample Copy @

Key Players:

The major players operating in this market, who have adopted these strategies are Tetra Technologies, Inc., (U.S.), BP P.L.C. (U.K.), Statoil ASA (Norway), DNV GL (Norway), TechnipFMC PLC (U.K.), AF Gruppen ASA (Norway), Ramboll Group A/S (Denmark), Aker Solutions ASA (Norway), Amec Foster Wheeler (U.K.), John Wood Group Plc. (Scotland), Claxton Engineering Services (U.K.), Allseas group SA (Switzerland) and DeepOcean Group (Netherlands).

The offshore decommissioning market major is driven by the ageing offshore oil and gas infrastructure and the maturing oil fields. With the low prices of the oil, the maintenance of low production mature reserves is becoming more difficult. This in turn is driving the companies to accelerate their decommissioning activities for such oil and gas projects. The market is also driven by the strict rules and regulations and the stringent legal framework in all regions across the world.

Shallow Water segment is dominating the global offshore decommissioning market by application

The market has been segmented by applications, as shallow water and deep water. The applications of the offshore decommissioning in shallow water is expected to dominate the growth of the market. The offshore decommissioning in shallow water is less expensive as compared to deep water offshore decommissioning while the majority of the old and ageing offshore installations are in shallow waters.

Enquire about this Report @

Table of Content

1  Executive Summary

2   Introduction

2.1 Definition 14

2.2 Assumptions 15

2.3 Market Structure 15

3   Research Methodology

3.1 Research Process 16

3.2 Primary Research 16

3.3 Secondary Research 17

3.4 Market Size Estimation 17

3.5 Forecast Model 19


4   Market Dynamics

4.1 Market Drivers 20

4.1.1 Aging Oil And Gas Fields – A New Source Of Revenue 20

4.1.2 Aging Offshore Infrastructure 20

4.1.3 Reduced Environmental And Regulatory Liabilities 20

4.2 Market Inhibitors 21

4.2.1 High Cost Of Decommissioning 21

4.2.2 Lack Of Clear Regulations For Decommissioning Activities 21

4.3 Opportunities 21


List of Tables

Table 1 Market Synopsis 13 
Table 2 Uk Offshore Decommissioning Spending For 2015 39 
Table 3 Global Offshore Decommissioning Market, By Type, 2015-2023 (Usd Million) 43 
Table 4 Global Offshore Decommissioning Market, By Service Type, 2015-2023 (Usd Million)
Table 5 Global Offshore Decommissioning Market, By Application, 2015-2023 (Usd Million) 53 
Table 6 Global Offshore Decommissioning Market, By Region, 2016-2023 (Usd Million) 57 
Table 7 Europe: Global Offshore Decommissioning Market, By Country, 2016-2023
Table 8 Europe: Global Offshore Decommissioning Market, By Type, 2016-2023 (Usd Million)
Table 9 Europe: Global Offshore Decommissioning Market, By Application, 2016-2023
Table 10 Europe: Global Offshore Decommissioning Market, By Service Type, 2016-2023


Browse Full Report Details @

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Media Contact
Company Name: Market Research Future
Contact Person: Akash Anand
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune –
City: Pune
State: Maharashtra
Country: India


November 2017
« Oct    

Latest News

Specialty Films Market Will Grow at 5% CAGR over 30 Bn Market Value of 2015 : MRFR Analysis 2017-2022

Read Full Article

Dental Implants Market 2017 Legendary Players Forecasted Revenue, Shares, Demand and Growth Rate by 2022

Read Full Article

Skin Graft Market Innovative Treatments, Key Methodologies, Top Players Success Milestones and Forecasts to 2023

Read Full Article

Offshore Decommissioning Market Analysis, Size, Share, Growth and Trends by Forecast to 2023

Read Full Article

Strain Gage Market To Witness Usage In Electrical Equipment, Chemicals And Building Construction Till 2022 | Million Insights

Read Full Article

Zentai Hero Manufactures & Retails Custom Superhero Costumes To Meet Different Demands Of Various Clients

Read Full Article

Offshore Drilling Rigs Market : Industry Analysis, Future Growth, Business Prospects and Global Forecast to 2022

Read Full Article

Cancer Immunotherapy Market Impressive Growth Rate USD 101.6 Billion At 14.8% CAGR Worldwide Forecasts by 2023

Read Full Article

Cardiac POC Testing Devices and Kits Market to grow by 12.4% CAGR from 2017 to 2025 – Credence Research

Read Full Article

Military Aircraft Avionics Market 2017 Global Industry Sales, Supply, Consumption, Analysis and Forecasts to 2021

Read Full Article

Military Aircraft Digital Glass Cockpit Systems Market Segmentation, Application, Trends, Opportunity & Forecast 2017 to 2021

Read Full Article

Military Airborne Collision Avoidance Systems Global Market Size, Status, Analysis and Forecast 2021

Read Full Article