Offshore Decommissioning Market 2018 Analysis and Forecast to 2023

Offshore Decommissioning Market 2018

Wiseguyreports.Com adds “Offshore Decommissioning Market –Market Demand, Growth, Opportunities, Analysis of Top Key Players and Forecast to 2023” To Its Research Database.

Report Details:

This report provides in depth study of “Offshore Decommissioning Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Offshore Decommissioning Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.

Offshore decommissioning refers to the decommissioning of oil and gas facilities that are approaching the end of their useful design life or economic operation. Aging offshore oil and gas structures are a major environmental concern and liability to countries, operators, contactors and affects surrounding marine environment. 

The market is driven by a number of factors such as increasing oil and gas platform around the world. Especially in the North Sea region and Gulf of Mexico, the oil and gas industry is determined to remove these structures to reduce environmental penalties and also to reduce operating cost of these aging wells. However, the growth of this market is expected to be hindered by the uncertain cost and strict environmental and regulation laws surrounding the offshore decommissioning projects. 

The global offshore decommissioning market is expected to grow at 6.93% CAGR during the forecast period. In 2016, the market was led by Europe, with a 70.1% share, followed by North America and Asia-Pacific with shares of 18.9% and 8.9%, respectively. 
The global offshore decommissioning market has been segmented based type, service type, application and by region. On the basis of type, topside structures accounted for the largest market share of 56 % in 2016, with a market value of USD 2,586.4 million and is projected to grow at the highest CAGR of 9.05% during the forecast period. Based on application, shallow water accounted for the largest market share of 71.2 % in 2016, with a market value of USD 3,294.3 million and is projected to grow at a CAGR of 7.98% during the forecast period.

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Target Audience
• Manufactures 
• Raw materials suppliers
• Aftermarket suppliers
• Research institute & education institute 
• Potential investors
• Key executive (CEO and COO) and strategy growth manager

Regional Analysis of Global Metal Packaging Market 
Europe accounted for the largest market share of 70% in 2016, followed by North America which is expected to grow at a CAGR of 6.83% during the forecast period. North America is expected to grow from a market size of USD 877.1 million in 2016 to USD 1,383.3 million by the end of 2023. Asia-Pacific accounted for a market share of 8.83% in 2016 and is expected to grow at a CAGR of 3.41% during the forecast period.  

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Major Key Points in Table of Content:

1 Executive Summary 12

2 Introduction 14
2.1 Definition 14
2.2 Assumptions 15
2.3 Market Structure 15

3 Research Methodology 16
3.1 Research Process 16
3.2 Primary Research 16
3.3 Secondary Research 17
3.4 Market Size Estimation 17
3.5 Forecast Model 19

4 Market Dynamics 20
4.1 Market Drivers 20
4.1.1 Aging Oil and Gas Fields – A New Source Of Revenue 20
4.1.2 Aging Offshore Infrastructure 20
4.1.3 Reduced Environmental And Regulatory Liabilities 20
4.2 Market Inhibitors 21
4.2.1 High Cost of Decommissioning 21
4.2.2 Lack of Clear Regulations for Decommissioning Activities 21
4.3 Opportunities 21
4.3.1 Rigs to Reef Programs 21
4.3.2 Reducing Risk By Recycling 22
4.4 Major Offshore Decommissioning Projects around the world 22
4.4.1 North Sea Region 22
4.4.2 Table of Approved Offshore Decommissioning Programmes 2015-2017 23
4.5 Regulations for Offshore Decommissioning 24
4.5.1 Introduction 24
4.5.2 International Conventions 25

…

10 Company Profiles 94
10.1 Competitive Scenario 94
10.1.1 Competitive Landscape 94
10.1.1.1 Expansions 95
10.1.1.2 Mergers and Acquisitions 96
10.1.1.3 Partnerships and Collaborations 96
10.2 Market share analysis 97
10.3 Tetra Technologies 98
10.3.1 Company Overview 98
10.3.2 Financial Overview 98
10.3.3 Service Offering 99
10.3.4 Strategy 99
10.4 BP P.L.C. 101
10.4.1 Company Overview 101
10.4.2 Financial Overview 101
10.4.3 Service Offering 102
10.4.4 Strategy 102
10.5 Statoil ASA 104
10.5.1 Company Overview 104
10.5.2 Financial Overview 104
10.5.3 Service Offering 105
10.5.4 Strategy 105
10.6 DNV GL 107
10.6.1 Company Overview 107
10.6.2 Financial Overview 107
10.6.3 Service Offering 108
10.6.4 Strategy 109
10.7 TechnipFMC PLC 111
10.7.1 Company Overview 111
10.7.2 Financial Overview 111
10.7.3 Service Offering 112
10.7.4 Strategy 112
10.8 John Wood Group PLC 114
10.8.1 Company Overview 114
10.8.2 Financial Overview 114
10.8.3 Service Offering 115
10.8.4 Strategy 115
10.9 AF Gruppen ASA 116
10.9.1 Company Overview 116
10.9.2 Financial Overview 116
10.9.3 Service Offering 117
10.9.4 Strategy 117
10.10 Ramboll Group A/S. 118
10.10.1 Company Overview 118
10.10.2 Financial Overview 118
10.10.3 Service Offering 119
10.10.4 Strategy 119

Continued….

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