openPR Logo
Press release

Offshore Decommissioning Market Analysis, 2018 - 2026 By Top Players Amec Foster Wheeler ASA, Aker Solutions, AF Gruppen S.A., Tetra Technologies, John Wood Group PLC, Able UK, DNV GL, Heerema Marine, Allseas Group, DeepOcean Group

03-19-2019 09:25 PM CET | Energy & Environment

Press release from: Worldwide Market Reports

/ PR Agency: Worldwide Market Reports
offshore decommissioning market

offshore decommissioning market

Decommissioning refers to the process of ending oil and gas operation at the offshore platform keeping in account the risk and safety of the offshore environment. This process carried out when oil production from the well decreases substantially. Offshore decommissioning must be done cost efficiently, as it comprises of risks and uncertainties, creating challenges for decommissioning projects.

Key Players in the Global Offshore Decommissioning Market:

The major key players operating in the global offshore decommissioning market include Amec Foster Wheeler ASA, Aker Solutions, AF Gruppen S.A., Tetra Technologies, John Wood Group PLC, Able UK, DNV GL, Heerema Marine, Allseas Group, DeepOcean Group, and Technipfmc

Get a PDF Sample of Research Report @ https://www.worldwidemarketreports.com/sample/157393

The major drivers of offshore decommissioning market are infrastructure aging and maturing oilfields especially in North Sea and Gulf of Mexico. Decline in crude oil prices are estimated to augment the growth of the oilfields decommissioning market. Risk involved and high cost for decommissioning are some of the factors restraining the offshore decommissioning market growth.

Global Offshore Decommissioning Market Outlook:

Europe is projected to be the fastest growing market in offshore decommissioning, owing to the maturing oilfields and high spending in North Sea and UK. The ceasing of major oilfields and excellent regulatory framework is ensuring high pace of offshore decommissioning market in Europe. Oil and Gas Authority, in U.K., is expected to invest around US$ 71 billion for safe decommissioning.

North America is accounted to be the second largest market in offshore decommissioning, owing to maturing oilfields in Gulf of Mexico with large number of platforms decommissioning every year.

Asia Pacific is witnessed to have a significant growth rate in offshore decommissioning market, owing to rise of aging oilfields. The decommissioning opportunities in Indonesia and Malaysia is anticipated to enhance the offshore decommissioning market in this region. Middle East offshore decommissioning market is projected to have a significant growth, due to its prolonged oil and gas operations and production activities.

The U.S assembled The Outer Continental Shelf Lands Act (OCSLA) and regulations establishing decommissioning obligations, which must be fulfilled by the operator during the signing of an offshore lease, including the requirement of approval and permit to remove the platform.

The OCSLA regulations administrated by Bureau of Safety and Environment Enforcement (BSEE) demands that the operator must obtain approval through an application prior to the removal of platform.

Browse More Information @ https://www.worldwidemarketreports.com/quiry/157393

About Worldwide Market Reports:
Worldwide Market Reports is your one-stop repository of detailed and in-depth market research reports compiled by an extensive list of publishers from across the globe. We offer reports across virtually all domains and an exhaustive list of sub-domains under the sun.

Mr. Shah
Worldwide Market Reports
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1 415 871 0703
Email: sales@worldwidemarketreports.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Offshore Decommissioning Market Analysis, 2018 - 2026 By Top Players Amec Foster Wheeler ASA, Aker Solutions, AF Gruppen S.A., Tetra Technologies, John Wood Group PLC, Able UK, DNV GL, Heerema Marine, Allseas Group, DeepOcean Group here

News-ID: 1663053 • Views:

More Releases from Worldwide Market Reports

Cyber Threat Intelligence Market Projections 2025-2032: Key Trends, Opportunities, and Growth Factors in New Report | IBM, Cisco Systems, Fortinet, FireEye (Trellix)
Cyber Threat Intelligence Market Projections 2025-2032: Key Trends, Opportunitie …
Cyber Threat Intelligence Market is estimated to be valued at USD 2.87 Bn in 2025 and is expected to reach USD 20.47 Bn by 2032, growing at a compound annual growth rate (CAGR) of 32.40% from 2025 to 2032. Coherent Market Insights has added a new research study on the Global "Cyber Threat Intelligence Market" 2025 by Size, Growth, Trends, and Dynamics, Forecast to 2032 which is a result of an
U.S. Industrial Iot Market Set for Dynamic Growth with Key Players ABB Ltd., Cisco Systems Inc., General Electric
U.S. Industrial Iot Market Set for Dynamic Growth with Key Players ABB Ltd., Cis …
Coherent Market Insights has released a report titled "U.S. Industrial Iot Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2025-2032", which includes market percentage records and a thorough enterprise analysis. This report looks at the market's competition, geographic distribution, and growth potential. This comprehensive report encompasses industry performance, critical success factors, risk assessment, manufacturing prerequisites, project expenses, economic analysis, anticipated return on investment (ROI), and profit margins. This comprehensive report
U.S. Cloud Gaming Market Set for Dynamic Growth with Key Players NVIDIA, Microsoft, Google, Sony, Amazon, Tencent
U.S. Cloud Gaming Market Set for Dynamic Growth with Key Players NVIDIA, Microso …
Coherent Market Insights has released a report titled "U.S. Cloud Gaming Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2025-2032", which includes market percentage records and a thorough enterprise analysis. This report looks at the market's competition, geographic distribution, and growth potential. This comprehensive report encompasses industry performance, critical success factors, risk assessment, manufacturing prerequisites, project expenses, economic analysis, anticipated return on investment (ROI), and profit margins. This comprehensive report
U.S. Optical Spectrum Analyzer Market Set for Dynamic Growth with Key Players Keysight Technologies, Anritsu Corporation, Yokogawa Electric Corporation
U.S. Optical Spectrum Analyzer Market Set for Dynamic Growth with Key Players Ke …
Coherent Market Insights has released a report titled "U.S. Optical Spectrum Analyzer Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2025-2032", which includes market percentage records and a thorough enterprise analysis. This report looks at the market's competition, geographic distribution, and growth potential. This comprehensive report encompasses industry performance, critical success factors, risk assessment, manufacturing prerequisites, project expenses, economic analysis, anticipated return on investment (ROI), and profit margins. This comprehensive

All 5 Releases


More Releases for Offshore

Offshore Supply Vessels Market Competitive Analysis By 2025 : Maersk, Siem Offsh …
This industry study presents the global Offshore Supply Vessels market size, historical breakdown data (2013-2018) and forecast (2018-2025). The Offshore Supply Vessels production, revenue and market share by manufacturers, key regions and type. The consumption of Offshore Supply Vessels in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated
Offshore Supply Vessels Market Outlook to 2025: Maersk, Siem Offshore, SEACOR Ma …
Offshore Supply Vessels Market report, industry trends have been explained on the macro level which makes it possible outline market landscape and probable future issues. This market research report contains thorough analysis of market and numerous related factors that range from market drivers, market restraints, market segmentation, opportunities, challenges, and market revenues to competitive analysis. The report analyses and estimates general market drivers in the form of consumer demand, government policy
Offshore Supply Vessels Market Outlook to 2025 - Edison Chouest Offshore, Maersk …
With several global sectors and several top players churning the revenue mill in the Offshore Supply Vessels market in the Global industry with the help of their skills and knowledge in the Offshore Supply Vessels market, it is important to have an in-depth knowledge of their marketing strategies. This Offshore Supply Vessels report provides the same amount of knowledge of the Offshore Supply Vessels market regardless of marketing terminologies like
Offshore Support Vessels Market Outlook to 2025: BOURBON, Tidewater Marine, Siem …
According to this study, the Offshore Support Vessels Market research report is a professional and in-depth research on the current state of the global market. Report gives comprehensive analysis of the market structure along with forecast of the various segments and sub-segments of the offshore support vessels market. Offshore Support Vessels is a ship specially designed to supply offshore oil and gas platforms. These ships range from 50 to 100
Offshore Supply Vessel Market to 2025 - Edison Chouest Offshore, Maersk Global S …
Offshore Supply Vessels market is also presented to the readers as a holistic snapshot of the competitive landscape within the given forecast period. The report also educates about the market strategies that are being adopted by your competitors and leading organizations. The report also focuses on all the recent industry trends. It presents a comparative detailed analysis of the all regional and player segments, offering readers a better knowledge of
Global Offshore Mooring Systems Market 2018-2025: SBM Offshore, BW Offshore, Del …
ResearchMoz include new market research report "Global Offshore Mooring Systems Market Insights, Forecast to 2025" to its huge collection of research reports. The Offshore Mooring Systems market was valued at Million US$ in 2017 and is projected to reach Million US$ by 2025, at a CAGR of during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to