Offshore Decommissioning Market Key Players Profiles Analysis: Tetra Technologies, Inc., BP P.L.C. , TechnipFMC PLC, Ramboll Group A/S , Amec Foster Wheeler

Offshore Decommissioning Global Market Leading 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).

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Gobal Industry Highlights:-

Offshore decommissioning involves the safe plugging of the oil or gas well and disposal of the equipment used in offshore oil and gas production. Offshore decommissioning encompasses activities ranging from removal of installations, project management, engineering and planning, regulatory compliance, preparation of a platform for decommissioning, well plugging and abandonment, demobilization of derrick barges, platform removal, materials disposal, and site clearance. The global offshore decommissioning market is anticipated to grow at a CAGR of 6.93 % during the forecast period of 2016 to 2023.

Regional Analysis:

Europe accounts for the most significant share of 70 % regarding global offshore decommissioning market value in 2016, based on the size and volume of the structures, especially in the North Sea. Europe is followed by the North America region led by Mexico owing to the aging platforms most of which are more than 30 years old. The Gulf of Mexico accounts for the most substantial number of facilities requiring decommission with a lower cost structure between USD 0.5 million to 4 million for shallow water structures. The Gulf of Mexico has historically been the most significant region regarding the volume of platforms decommissioned, which is around 4,000. North America offshore decommissioning market was valued at USD 877.1 million in 2016 and which is expected to grow to USD 1,383.3 million by 2023, at a CAGR of 6.83 %.

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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

Study Objectives of Global Offshore Decommissioning Market:
• To provide detailed analysis of the market structure along with forecast for the next five years of the various segments and sub-segments of the global Offshore Decommissioning market.
• To provide insights about factors affecting the market growth
• To analyze the global Offshore Decommissioning market based on various tools such as Supply Chain Analysis, and Porter’s Five Forces Analysis
• To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries
• To provide country level analysis of the market with respect to the current market size and future prospective

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• To provide country level analysis of the market for segments by material type, product, application and region
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Offshore Decommissioning market

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