Offshore Decommissioning Market Global Size, Share Report, Industry Analysis, Future Prospects, Growth Trends and Forecast to 2023 | MRFR

Thu Jan 10, 2019 - 8:00am UTC

offshore decommissioning market can be segmented by type, service type, and application, Global offshore decommissioning market can expect a CAGR of 6.93% during the forecast period

Pune, India – January 10, 2019

Offshore Decommissioning Global Market – Overview

The Global Offshore Decommissioning Market has witnessed a gradual growth in the past few years and it has been anticipated that the market will grow at a rapid pace during the forecast period. Offshore
decommissioning plays a crucial role in oil and gas exploration activities. Offshore decommissioning refers to the decommissioning of oil and gas facilities that are approaching the end of their useful design life or economic operation. Aging offshore oil and gas structures are a major environmental concern and liability to countries, operators, contactors and affects surrounding marine environment. The offshore decommissioning is driven by various factors such as increasing oil and gas platform around the world. Especially in the North Sea region and Gulf of Mexico, the oil and gas industry is determined to remove these structures to reduce environmental penalties and also to reduce operating cost of these aging wells. However, the growth of this market is expected to be hindered by the uncertain cost and strict environmental and regulation laws surrounding the offshore decommissioning projects. As per the study conducted by Market Research Future, the global market for offshore decommissioning is likely to grow at the CAGR of around 6.93%.

Offshore Decommissioning Global Market – Competitive Analysis

The global market for offshore decommissioning is one of the most technological advance market. To maintain the market position and to drive the market growth, all the major players continuously strive for technological development in their offshore decommissioning systems. Market leaders are rigorously involved in R&D activities, so as to develop feasible product, which fulfils all the client requirement over their structure removal operations.

Dominant Players:

Prominent players operating in this market 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), DeepOcean Group (Netherlands), and others.

A Sample of This Report Is Available upon Request @ https://www.marketresearchfuture.com/sample_request/2993

Intended Audience:

• Distributer & Supplier companies
• End Users
• Consultants and Investment bankers
• Government as well as Independent Regulatory Authorities

Geographic Analysis:

• Geographical analysis across 15 countries

Company Information:

• Profiling of 13 key market players
• In-depth analysis including SWOT analysis, and strategy information of related to report title
• Competitive landscape including emerging trends adopted by major companies

Offshore Decommissioning Global Market – Segmentation:

The global Offshore Decommissioning Market can be segmented by type, service type, and application.

Global Offshore Decommissioning Market, By Type

• Topside
• Substructure
• Sub Infrastructure

Global Offshore Decommissioning Market, By Service Type

• Well Plugging and Abandonment
• Conductor Removal
• Platform Removal
• Others

Global Offshore Decommissioning Market, By Application

• Shallow water
• Deepwater

Global Offshore Decommissioning Market, By Region

• Europe
• North America
• Asia-Pacific
• Rest of the world

Browse The Full Research Report At@ https://www.marketresearchfuture.com/reports/offshore-decommissioning-market-2993

Latest Industry News:

Based in Billingham, UK, Able UK has earned the contract to dismantle, recycle and dispose of offshore natural gas platforms from the Sable Offshore Energy Project (SOEP). SOEP is operated by ExxonMobil Canada, off the coast of Nova Scotia, Canada. 15 OCT 2018

Earning a contract for Vattenfall, the offshore wind O&M specialist ZITON has completed the decommissioning of the Utgrunden Offshore Windfarm that is off the east coast of Sweden. 11 OCT 2018

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.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact Info:
Name: Abhishek
Email: Send Email
Organization: Market Research Future
Address: Office No. 528, Amanora Chambers Pune – 411028 Maharashtra, India
Phone: +1 646 845 9312
Website: https://www.marketresearchfuture.com/reports/offshore-decommissioning-market-2993

This news is published on Reuters.

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