Market Overview:
The global offshore decommissioning services market is expected to grow from USD XX million in 2018 to USD XX million by 2030, at a CAGR of X.X%. The growth of the market can be attributed to the increasing demand for oil and gas production from unconventional sources and the growing focus on environment-friendly solutions for decommissioning aging offshore infrastructure. The global offshore decommissioning services market is segmented by type, application, and region. By type, the market is divided into offshore surveys, well plugging & abandonment, removal engineering, and others. By application, it is classified into shallow water and deepwater. Geographically, it is analyzed across North America (U.S., Canada), Latin America (Mexico), Europe (U.K., Germany), Asia Pacific (China India Japan) Middle East & Africa(Saudi Arabia).
Product Definition:
Offshore Decommissioning Services is the process of removing an oil or gas platform, pipeline, or other infrastructure from an offshore environment. Offshore decommissioning is a growing industry as operators rush to shut down aging platforms and pipelines. The services offered by decommissioning companies include engineering assessment, planning and management, debris removal, waste treatment, and environmental remediation.
Offshore Surveys:
Offshore surveys is a technique used to measure the depth of water and sea bed. It helps in determining the stability of seabed and also provides information on subsea hydrocarbon systems. The global offshore decommissioning services market is expected to witness significant growth over the forecast period owing to increasing oil & gas exploration activities coupled with rising demand for decommissioning workover rigs globally.
Well Plugging & Abandonment:
Well plugging & abandonment is a process of sealing and plugging the oil wells after the production has stopped in order to prevent contamination. It also prevents any further leakages which may lead to environmental hazards. The service includes preparation, execution as well as post-completion activities associated with decommissioning an oil or gas well.
The global Well Plugging & Abandonment market size was valued at USD 1,867 million in 2016.
Application Insights:
The global offshore decommissioning services market has been segmented into two applications, namely shallow water and deepwater. The shallow water application segment dominated the overall industry in terms of revenue share in 2017. This is attributed to the extensive use of such facilities for oil & gas exploration and production activities across various regions globally.
Offshore drilling involves a considerable amount of risk as it can be hazardous if not done properly, which is likely to increase the demand for offshore decommissioning services over the forecast period. Furthermore, increasing utilization of these facilities for shale gas extraction across various regions will boost industry growth over the coming years.
Regional Analysis:
North America accounted for the largest share of over 40% in 2017. The region is expected to maintain its lead over the forecast period owing to increasing offshore drilling activities and mature oilfield services industry in countries, such as U.S., Canada, and Mexico. Moreover, rising offshore decommissioning activities are anticipated to drive market growth across this region during the forecast period.
In 2016, China’s Ministry of Commerce announced plans on how it intended on promoting its domestic energy sector by opening up new areas (offshore) for exploration.
Growth Factors:
- Increasing demand for decommissioning services from the oil and gas industry as a result of maturing oilfields and stringent regulations
- Rising number of ageing offshore installations that need to be decommissioned
- Growing investment in renewable energy sources, which is resulting in the decommissioning of offshore windfarms
- Proliferation of subsea infrastructure, which is driving the need for more complex and specialized decommissioning services
- Increased focus on safety and environmental protection by regulators, which is encouraging companies to outsource their decommissioning needs
Scope Of The Report
Report Attributes
Report Details
Report Title
Offshore Decommissioning Services Market Research Report
By Type
Offshore Surveys, Well Plugging & Abandonment, Removal Engineering, Others
By Application
Shallow Water, Deepwater
By Companies
Amec Foster Wheeler, Aker Solutions, Bureau Veritas, EPIC Companies (EPIC), Bibby Offshore, Maersk Decom, Proserv Group, Linch-pin Offshore Management Services, AF Gruppen
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
189
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Offshore Decommissioning Services Market Report Segments:
The global Offshore Decommissioning Services market is segmented on the basis of:
Types
Offshore Surveys, Well Plugging & Abandonment, Removal Engineering, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Shallow Water, Deepwater
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Amec Foster Wheeler
- Aker Solutions
- Bureau Veritas
- EPIC Companies (EPIC)
- Bibby Offshore
- Maersk Decom
- Proserv Group
- Linch-pin Offshore Management Services
- AF Gruppen
Highlights of The Offshore Decommissioning Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Offshore Surveys
- Well Plugging & Abandonment
- Removal Engineering
- Others
- By Application:
- Shallow Water
- Deepwater
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Offshore Decommissioning Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
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- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Offshore decommissioning services are a type of consultancy that provide advice and assistance to companies in the decommissioning of offshore oil and gas platforms. Offshore decommissioning services can include everything from providing technical support during the platform's dismantling process to helping with financial planning and insurance arrangements.
Some of the major companies in the offshore decommissioning services market are Amec Foster Wheeler, Aker Solutions, Bureau Veritas, EPIC Companies (EPIC), Bibby Offshore, Maersk Decom, Proserv Group, Linch-pin Offshore Management Services, AF Gruppen.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Offshore Decommissioning Services Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Offshore Decommissioning Services Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Offshore Decommissioning Services Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Offshore Decommissioning Services Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Offshore Decommissioning Services Market Size & Forecast, 2018-2028 4.5.1 Offshore Decommissioning Services Market Size and Y-o-Y Growth 4.5.2 Offshore Decommissioning Services Market Absolute $ Opportunity
Chapter 5 Global Offshore Decommissioning Services Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Offshore Decommissioning Services Market Size Forecast by Type
5.2.1 Offshore Surveys
5.2.2 Well Plugging & Abandonment
5.2.3 Removal Engineering
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Offshore Decommissioning Services Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Offshore Decommissioning Services Market Size Forecast by Applications
6.2.1 Shallow Water
6.2.2 Deepwater
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Offshore Decommissioning Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Offshore Decommissioning Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Offshore Decommissioning Services Analysis and Forecast
9.1 Introduction
9.2 North America Offshore Decommissioning Services Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Offshore Decommissioning Services Market Size Forecast by Type
9.6.1 Offshore Surveys
9.6.2 Well Plugging & Abandonment
9.6.3 Removal Engineering
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Offshore Decommissioning Services Market Size Forecast by Applications
9.10.1 Shallow Water
9.10.2 Deepwater
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Offshore Decommissioning Services Analysis and Forecast
10.1 Introduction
10.2 Europe Offshore Decommissioning Services Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Offshore Decommissioning Services Market Size Forecast by Type
10.6.1 Offshore Surveys
10.6.2 Well Plugging & Abandonment
10.6.3 Removal Engineering
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Offshore Decommissioning Services Market Size Forecast by Applications
10.10.1 Shallow Water
10.10.2 Deepwater
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Offshore Decommissioning Services Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Offshore Decommissioning Services Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Offshore Decommissioning Services Market Size Forecast by Type
11.6.1 Offshore Surveys
11.6.2 Well Plugging & Abandonment
11.6.3 Removal Engineering
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Offshore Decommissioning Services Market Size Forecast by Applications
11.10.1 Shallow Water
11.10.2 Deepwater
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Offshore Decommissioning Services Analysis and Forecast
12.1 Introduction
12.2 Latin America Offshore Decommissioning Services Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Offshore Decommissioning Services Market Size Forecast by Type
12.6.1 Offshore Surveys
12.6.2 Well Plugging & Abandonment
12.6.3 Removal Engineering
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Offshore Decommissioning Services Market Size Forecast by Applications
12.10.1 Shallow Water
12.10.2 Deepwater
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Offshore Decommissioning Services Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Offshore Decommissioning Services Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Offshore Decommissioning Services Market Size Forecast by Type
13.6.1 Offshore Surveys
13.6.2 Well Plugging & Abandonment
13.6.3 Removal Engineering
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Offshore Decommissioning Services Market Size Forecast by Applications
13.10.1 Shallow Water
13.10.2 Deepwater
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Offshore Decommissioning Services Market: Competitive Dashboard
14.2 Global Offshore Decommissioning Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Amec Foster Wheeler
14.3.2 Aker Solutions
14.3.3 Bureau Veritas
14.3.4 EPIC Companies (EPIC)
14.3.5 Bibby Offshore
14.3.6 Maersk Decom
14.3.7 Proserv Group
14.3.8 Linch-pin Offshore Management Services
14.3.9 AF Gruppen