Press release
Offshore Oil & Gas Decommissioning Market Size to surpass 6.5%+ CAGR up to 2028
Offshore Oil & Gas Decommissioning Market
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Global Offshore Oil & Gas Decommissioning Market Analysis and Forecast, 2022-2028 The global offshore oil & gas decommissioning market was US$ 7.5 Bn in 2021 and is expected to grow at a CAGR of 6.5% over the forecast period of 2022-2028.
Leading Companies and Market Players
Aker Solutions (Norway), Ramboll Group (Denmark), AF Gruppen (Norway), TechnipFMC (France), John Wood Group Plc (U.K.), Royal Boskalis Westminster N.V. (The Netherlands), Baker Hughes Company (US), DeepOcean Group (Norway), Allseas Group (Switzerland), Acteon Group (UK), Able UK (UK), Mactech Offshore (US)
Market Scope &Overview
The global offshore oil & gas decommissioning market study comprises comprehensive market analysis and insights across the key market segments and geography. The market report analyzes the global market for the historical period of 2019-2021 and the forecast period of 2022-2028 based on the product installed base, key forecasting factors impacting the market conditions, and major market developments happening in the market throughout the analysis period. practices primary and secondary research for conducting an insightful market study. Various market parameters such as macroeconomic conditions, market environment, government policies, and competitive landscape are thoroughly studied and taken into account while analyzing the market.
The global offshore oil & gas decommissioning market report also covers value chain and supply chain analysis that provides in-depth information about the value addition at each stage of the product. Market dynamics incorporated in the market study include drivers, restraints/challenges, trends, and their impact on the market throughout the analysis period. The global offshore oil & gas decommissioning market includes a market share analysis and market structure overview with detailed company profiling of leading players with their financials, product offerings, major developments, etc. This enables, clients and report buyers to make strong, precise, and timely decisions.
For more details on this report: https://www.marketstudyreport.com/reports/global-offshore-oil-gas-decommissioning-market-analysis-and-forecast-2022-2028
The rapid spread of the virus in the early month of 2020followed by a second wave of COVID-19 caused a significant change in management strategies of the leading industries which have affected the market or industry at a significant level. Besides, the exit of the UK from the European Union earlier in 2020 and the Russo-Ukraine war in 2022exacerbated the ever-heightened global uncertainty.
Key Market Segmentation and Companies
has segmented the global offshore oil & gas decommissioning market based on service, structure, depth, removal, and region.
By Service
• Project management, engineering & planning
• Permitting & regulatory compliance
• Platform preparation
• Well plugging & abandonment
• Conductor removal
• Mobilization & demobilization of derrick barges
• Platform removal
• Pipeline & power cable decommissioning
• Materials disposal
• Site clearance
By Structure
• Topside
• Substructure
• Subsea infrastructure
By Depth
• Shallow water
• Deepwater
• By Removal
• Leave in place
• Partial
• Complete
FAQs:
Q1. What is the CAGR that the Offshore Oil & Gas Decommissioning Market is expected to register through the projected duration?
Answer: The Offshore Oil & Gas Decommissioning Market is likely to register a CAGR of 6.5% over the forecast period.
Q2. What was the remuneration of the Offshore Oil & Gas Decommissioning market in the year 2021?
Answer: The overall Offshore Oil & Gas Decommissioning market acquired a revenue share of USD 7.5 billion in 2021.
Q3. Which Are the Key Players in Global Offshore Oil & Gas Decommissioning Market?
Answer: Aker Solutions (Norway), Ramboll Group (Denmark), AF Gruppen (Norway), TechnipFMC (France), John Wood Group Plc (U.K.), Royal Boskalis Westminster N.V. (The Netherlands), Baker Hughes Company (US), DeepOcean Group (Norway), Allseas Group (Switzerland), Acteon Group (UK), Able UK (UK), Mactech Offshore (US) among others are the leading players in worldwide Offshore Oil & Gas Decommissioning Market
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