Press release
Offshore Decommissioning Market 2023 : By Type And Application, Analysis, Drivers And Forecast 2032 | Aker Solutions ASA, Ramboll Group A/S, AF Gruppen, TechnipFMC PLC, John Wood Group PLC
Offshore Decommissioning Market Growth
As per the offshore decommissioning market report by The Business Research Company, The increase in government investment in well-plugging and abandoned activities is expected to propel the offshore decommissioning market going forward. Well-plugging refers to plugging materials and techniques that permanently shut off an abandoned well from surface drainage contamination.
The global offshore decommissioning market size is expected to grow from $5.38 billion in 2022 to $5.82 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The offshore decommissioning market size is expected to grow to $7.82 billion in 2027 at a CAGR of 7.7%.
Read More On The Offshore Decommissioning Market Report Here:
https://www.thebusinessresearchcompany.com/report/offshore-decommissioning-global-market-report
Major competitors in the Offshore Decommissioning market include Aker Solutions ASA, Ramboll Group A/S, AF Gruppen, TechnipFMC PLC, John Wood Group PLC, Heerema Marine Contractors, Tetra Technologies Inc., Acteon Group Limited, Amec Foster Wheeler, DeepOcean Group Holding AS, Petrofac, Royal Boskalis Westminster N.V., Baker Hughes Company, Halliburton Offshore Services Inc., Schlumberger Limited, Weatherford International PLC, Subsea 7 S.A., and ExxonMobil Corporation.
The Offshore Decommissioning market is segmented -
By Service Type: Project Management, Engineering And Planning, Permitting And Regulatory Compliance, Platform Preparation, Well Plugging And Abandonment, Conductor Removal, Mobilization And Demobilization of Derrick Barges, Platform Removal, Pipeline And Power Cable Decommissioning, Materials Disposal, Site Clearance
By Structure Type: Topside, Substructure, Subsea Infrastructure
By Application: Shallow Water, Deep Water
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the Offshore Decommissioning market.
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Offshore decommissioning refers to the procedure for putting an offshore platform's oil and gas operations to a stop and restoring the seafloor and ocean to the condition in which they were before the lease was signed.
The Table Of Content For The Offshore Decommissioning Market Include:
1. Executive Summary
2. Offshore Decommissioning Market Characteristics
3. Offshore Decommissioning Market Trends And Strategies
4. Offshore Decommissioning Market - Macro Economic Scenario
5. Offshore Decommissioning Market Size And Growth
……
26. Africa Offshore Decommissioning Market
27. Offshore Decommissioning Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Offshore Decommissioning Market
29. Offshore Decommissioning Market Future Outlook and Potential Analysis
30. Appendix
The "Global Offshore Decommissioning Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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