Offshore Decommissioning Market Industry Insights, Gross Margin Analysis 2016 To 2028 | Aker Solutions, Epic Companies, Maersk Decom, Bibby Offshore, Proserv Group Inc.

This detailed market study focuses on the data obtained from various primary and secondary sources and is analyzed using different tools. It helps in gaining insights about the potential of the market for growth which can facilitate the investors in identifying scope and opportunities. The analysis also provides details of each segment in the global Offshore Decommissioning Market.

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According to the report the off-shore decommissioning market is projected to reach USD XXX billion by 2028, at a CAGR of XXX during a forecast period. The high demand for construction insulation materials in the Asia Pacific region is expected to drive the offshore decommissioning market during the forecast period.

When oil & gas fields reach the end of their lifespan, they are decommissioned. This complex task involves a number of highly skilled workers to ensure that the wells and platforms are safely and efficiently dismantled or decommissioned. Decommissioning is the process of ending offshore oil & gas operations at an offshore platform and returning the ocean and seafloor to its pre-lease condition.

The major driver for the decommissioning market is the strengthening and mandatory legal guidelines for offshore oil and gas operations set up by regulatory bodies of respective nations. With a huge number of offshore rigs expected to reach the end of their production cycle over the next 10 years, the global need for technical decommissioning is expected to grow. Moreover, an increasing number of recent oil platforms such as the ones in the North Sea and the Gulf of Mexico, which will need decommissioning once they saturate, is expected to drive the market during the forecast period.

Most of the decommissioning activity is in mature fields located in the United Kingdom Continental Shelf and the Gulf of Mexico. According to the Bureau of Safety and Environmental Enforcement (BSEE), the Gulf of Mexico (GOM) has the highest number of decommissioned platforms across the globe. There are 17,841,739 acres of leased land comprising 3,344 total leases in the Gulf of Mexico alone. The Gulf of Mexico has been the largest region in the world for the number of wells decommissioned.

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Though the average number of structure decommissioned fell to 113 in 2015, the total number of the structure removed in the GoM Outer Continental Shelf (OCS) reached 254 in 2016. More than 2,000 structures and around 9,000 wells are expected to be removed by operators from GOM in the coming years. The US government has established a robust regulatory framework, including technical standards and financial security requirements to support the decommissioning efforts put forward by operators, which, in turn, is expected to support the decommissioning activities undertaken by operators. Europe holds a dominant position in the global offshore decommissioning market. The aging infrastructure and maturing oil & gas fields, especially in the North Sea and the UK are driving the market in Europe.

Based on depth, the market has been segmented into shallow water and deep water. The shallow water segment is expected to lead the market for offshore decommissioning due to a large number of shallow-water oil fields already present and also new ones being developed due to their lower low set up cost. The recent downturn in prices of oil is expected to be a key restraint to exploration and development activities of oil & gas and also decommissioning operations. The decrease in oil prices has caused a continued decline in cash inflow and rise in debt levels could challenge the future of the oil & gas industry.

The upcoming report from Quince Market Insights focuses on these key impact factors influencing the market, along with identifying major segments and companies operating in the market. The study is designed to provide a holistic view with a broad scope covering every possible segment influencing the demand for offshore decommissioning.

This upcoming study will be published shortly with focus on key stakeholders in the market. Regions covered in the study include North America, Asia Pacific, Western Europe, Eastern Europe, the Middle East, and Rest of the World.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

o Aker Solutions
o Epic Companies
o Maersk Decom
o Bibby Offshore
o Proserv Group Inc.
o Able UK Ltd.
o Allseas Group SA
o Amec Foster Wheeler PLC
o John Wood Group PLC
o Deepocean Group Holding BV
o Heerema Marine Contractors

This report provides:
1) An overview of Global Off-Shore Decommissioning Market globally and related technologies.
2) Analysis of global market trends, estimates of each year and annual compound growth rate projections (CAGRs).
3) Identification of new market opportunities and targeted promotion plans for Global Off-Shore Decommissioning Market.
4) Discussion of R&D and demand for new products and new applications
5) Comprehensive company profiles of key industry players.
The researchers have studied the market in depth and have come up with major segments like product type, application and region. Based on their market share, growth prospects, and CAGR, each and every segment and its sub-segments are studied. Each market segment offers in-depth information on market outlook, both qualitative and quantitative.

Market Segmentation:

By Structure:
Topside
Sub-Sea Infrastructure
Substructure

By Services:
Project Management
Permitting Compliance
Regulatory Compliance
Planning & Engineering
Well Plugging & Abandonment
Conductor Removal
Others

By Depth:
Shallow Water
Deep Water

By Region:
North America
By Country (US, Canada, Mexico)
By Structure
By Services
By Depth
Western Europe
By Country (Germany, UK, France, Spain, Rest of Western Europe)
By Structure
By Services
By Depth
Eastern Europe
By Country (Russia, Turkey, Rest of Eastern Europe)
By Structure
By Services
By Depth
Asia Pacific
By Country (China, Japan, India, Rest of Asia Pacific)
By Structure
By Services
By Depth
Middle East
By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
By Structure
By Services
By Depth
Rest of the World
By Region (Latin America, Brazil, Rest of the World)
By Structure
By Services
By Depth

Key Questions Answered By This Report:
o How is the offshore decommissioning market evolving?
o What is driving and restraining offshore decommissioning dynamics?
o How will each offshore decommissioning submarket segment grow over the forecast period and how much Sales will these submarkets account for in 2028?
o How will market shares of each offshore decommissioning submarket develop from 2019-2028?
o Which high-speed steel submarket will be the main driver of the overall market from 2019-2028?
o How will political and regulatory factors influence regional offshore decommissioning markets and submarkets?
o Will leading national offshore decommissioning broadly follow macroeconomic dynamics, or will individual country sectors outperform the rest of the economy?
o How will market shares of the national markets change by 2028 and which nation will lead the market in 2028?
o Who are the leading players and what are their prospects over the forecast period?
o How will the sector evolve as alliances form during the period between 2019 and 2028?

Reasons To Buy This Report:
o Market size estimation of the global offshore decommissioning market on a regional and global basis
o The unique research design for market size estimation and forecast
o Profiling of major companies operating in the market with key developments
o Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:
We provide customization of the study to meet specific requirements:
o By Segment
o By Sub-segment
o By Region/Country

Contact:
Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109
Pune, Maharashtra 411028
Phone: +91 - 9850603687 / 7972869557
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com

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This release was published on openPR.