openPR Logo
Press release

Offshore Decommissioning Market | John Wood Group Plc, Ramboll Group, Aker Solutions ASA

04-26-2019 08:07 AM CET | Energy & Environment

Press release from: TMR Research

Offshore Decommissioning Market | John Wood Group Plc, Ramboll

Global Offshore Decommissioning Market: Overview

Offshore decommissioning is the process of disassembling offshore oil platforms, which also includes burying the holes drilled into the ground for exploration and extraction purposes. Mature oil platforms can have an adverse impact on the surrounding environment, which necessitates their removal. The global offshore decommissioning market is likely to remain a key sector of the global oil and gas industry in the coming years, as the latter is likely to emphasize increasingly on offshore petroleum extraction.

Get Brochure of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=2489

Well plugging and abandonment is likely to remain the key segment of the global offshore decommissioning market in the coming years, with the extensive scale of the operation key in ensuring a steady dominant share for the segment in the global market.

Global Offshore Decommissioning Market: Key Trends

The global offshore decommissioning market is likely to exhibit steady growth in the coming years due to the rising number of mature oilfields, which no longer remain commercially viable. The high number of aging platforms in shallow water is also likely to remain a key driver for the global offshore decommissioning market in the coming years.

On the other hand, the high cost of offshore decommissioning projects could hinder the growth of the global offshore decommissioning market. Due to the large scale of offshore oil and gas platforms, significant expenditure needs to be dedicated for effective offshore decommissioning projects. Since the expenses go toward removing a nonfunctional asset rather than expanding the existing capacity, many players in the global oil and gas industry have remained reluctant about offshore decommissioning.

The technology required to carry out offshore decommissioning efficiently are also lacking in several regions, as is systemic support from the regulatory framework. This is also likely to restrain the global offshore decommissioning market in the coming years.

The rising use of techniques to maximize and prolong the viability of oilfields is also likely to restrain the growth of the global offshore decommissioning market in the coming years. Refilling and other techniques can help extend the operational lifespan of oilfield by a few years, and result in further profits for the oil and gas operator. This remains a key challenge for the offshore decommissioning market in the coming years, as offshore decommissioning remains unprofitable both economically as well as logistically compared to these techniques.

Global Offshore Decommissioning Market: Market Potential

Oil and gas operations in the North Sea are likely to be vital to the global offshore decommissioning market in the coming years. The U.K. and Norway are among the leading oil producers operating in the North Sea and are likely to remain among the key consumers of offshore decommissioning technology in the coming years. As a result, Europe is likely to be the leading regional offshore decommissioning market over the coming years.

Get TOC for Detailed Facts and Numbers @ https://www.tmrresearch.com/sample/sample?flag=T&rep_id=2489

Global Offshore Decommissioning Market: Geographical Dynamics

Following Europe, North America is also likely to retain a significant share in the global offshore decommissioning market due primarily to the rising role of the U.S. in the global oil and gas sector. The U.S. has traditionally been a major player in the oil and gas industry and is a leading operator of offshore oilfields at present. The rising prominence of Southeast Asian countries such as Indonesia and Malaysia in the global oil and gas sector is also likely to drive the Asia Pacific market for offshore decommissioning in the coming years.

Global Offshore Decommissioning Market: Competitive Dynamics

The leading players in the global offshore decommissioning market include AF Gruppen ASA, Amec Foster Wheeler Plc, John Wood Group Plc, Ramboll Group, Aker Solutions ASA, and Tetra Technologies Inc.

About TMR Research

TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

Contact:

TMR Research,
3739 Balboa St # 1097,
San Francisco, CA 94121
United States
Tel: +1-415-520-1050

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 | John Wood Group Plc, Ramboll Group, Aker Solutions ASA here

News-ID: 1719192 • Views: 754

More Releases from TMR Research

Mobile Handset Protection Market Latest Report On Challenges 2025 | SquareTrade, …
Global Mobile Handset Protection Market: Snapshot Today, mobile phones have become integral to everyday functioning in a communication-driven ecosystem. This has necessitated the need for appropriate security measures for protection against device theft, damage, or misuse. Moreover, at the corporate level, the introduction of practices such as enterprise mobility and bring your own device (BYOD) has widened the application scope of smartphones. This has surfaced as a growth opportunity for product
Portable Gas Chromatograph Market Challenges On Upcoming Trends 2025 | Agilent T …
Global Portable Gas Chromatograph Market: Snapshot Applications of gas chromatograph techniques have witnessed a tremendous rise in areas such as production monitoring, research, petrochemical, quality check in the chemicals industry, effluent management in the industrial sector, and forensic science. While the conventional stationary, laboratory desk-top, process at-line and on-line chromatographs of a variety of sizes and configurations are still ubiquitous across key application sectors, the increased need for effective on-field analytical
Video Content Analytics Market 2025 | Cisco (U.S.), ADT security (U.S.), HikVisi …
Global Video Content Analytics Market: Snapshot The global security and surveillance industry is expanding at a massive pace and is transforming from legacy CCTV surveillance systems to fully digital, advanced network-based video surveillance systems. Historical shipment data reveals that over 2 bn security camera are operating across the world at any given time and the numbers are constantly rising. With this exponentially rise in camera numbers, the practice of making use
Intravenous Iron Drugs Market Drivers, End User, Key Players and Challenges by 2 …
Intravenous Iron Drugs Market: Snapshot Iron is one of the most significant minerals required for the correct working of human bodies. Iron insufficiency prompts various medical problems, for example, anemia and could have a grave and direct association with the several of hospitalizations and deaths. The global market for intravenous drugs is foreseen to display a solid CAGR over the report's forecast period attributable to the rising pervasiveness of anemia cases

All 5 Releases


More Releases for Offshore

Aban Offshore Ltd
Aban Offshore Ltd Aban Offshore Ltd – Company Profile & Financial Analysis” contains in depth information and data about the company and its operations. You will find information on the business structure, areas of operation, products and services offered by the company. It also comprises SWOT analysis, key ratios, historical financial data and insider’s view on financial stability and industrial ranking with financial forecasts for two- year period. This report is
Global Offshore Hydropower Market
A new report added to the repository of Market Research Reports Search Engine “Offshore Hydropower Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2023” is a comprehensive repository of information, providing market share, size, and forecast. Request for Sample Report @ https://www.mrrse.com/sample/1785  Global Offshore Hydropower Market: Overview The global offshore hydropower market is substantially gaining from the rising demand for clean energy. Concerns pertaining to the depleting resource
Global Offshore Investments Analytics
Summary Global Offshore Investments Analytics enables cross-comparison of the global offshore investments markets at a country level for 55 countries. For each of these markets, the dashboard presents historic data on the balances for the key product areas available for the market under consideration. The product areas are deposits, mutual funds, equities, and bonds. Request Sample Report: http://www.reportbazzar.com/request-sample/?pid=439724&ptitle=Global+Offshore+Investments+Analytics&req=Sample Synopsis – Compare the performance of 55 offshore investments markets around the world. – Understand the asset
Global Offshore Investments Analytics
Summary Global Offshore Investments Analytics enables cross-comparison of the global offshore investments markets at a country level for 55 countries. For each of these markets, the dashboard presents historic data on the balances for the key product areas available for the market under consideration. The product areas are deposits, mutual funds, equities, and bonds. Request Sample Report: http://www.reportbazzar.com/request-sample/?pid=439724&ptitle=Global+Offshore+Investments+Analytics&req=Sample Synopsis – Compare the performance of 55 offshore investments markets around the world. – Understand the asset
Main Offshore Services of World Offshore
World Offshore is a specialist in the creation of the offshore companies in almost every country in the world. Over the last 10 years World Offshore offers advice and legal expertise to those who wish to invest in the field of offshoring. Offshore Virtual Office Like a regular business, the management of an offshore company is not easy. You must be reachable all the time for good business. Therefore World
Offshore Development Outsourcing Services
Offshore Development Outsourcing Services are important for the difference they make to a project. The benefits coming through them can be highlighted through the fanciest of words but felt in the real sense only when the work shows results. Getting offshore service providers to do web development projects has been a practice in place for a long time now. Their outsourcing services have made a world of difference to the applications