-- Market Overview:
Generation of Demand Due to Ageing of Wells, Coupled by Safety Concerns is expected to generate a Significant Growth
A number of oil & gas fields predominant in the North Sea region and Gulf of Mexico region are aging with more than 600 projects expected to be dismantled during the next five years. Thus, decommissioning is a rapidly developing sector in the petroleum business. The high risk and hazard associated with old platforms and rigs have created an intense need to remove these structures. The valuables scavenged such as high-quality steel, cables, machinery, drill bits and others can recoup and offset costs associated with decommissioning.
Technological advancement has resulted in technological obsolescence and shortening lifecycle of machinery. The growing capabilities and capacities of advanced machinery coupled with falling cost of new machinery have created a significant refurbishing business for decommissioning solution providers.
Get Sample Copy of Report @ https://www.marketresearchfuture.com/sample_request/2993
Top Key Players :-
The major players operating in this market, who have adopted these strategies are Tetra Technologies, Inc., (U.S.), BP P.L.C. (U.K.), Statoil ASA (Norway), DNV GL (Norway), TechnipFMC PLC (U.K.), AF Gruppen ASA (Norway), Ramboll Group A/S (Denmark), Aker Solutions ASA (Norway), Amec Foster Wheeler (U.K.), John Wood Group Plc. (Scotland), Claxton Engineering Services (U.K.), Allseas group SA (Switzerland) and DeepOcean Group (Netherlands).
Study Objectives of Global Offshore Decommissioning Market:
• To provide detailed analysis of the market structure along with forecast for the next five years of the various segments and sub-segments of the global Offshore Decommissioning market.
• To provide insights about factors affecting the market growth
• To analyze the global Offshore Decommissioning market based on various tools such as Supply Chain Analysis, and Porter’s Five Forces Analysis
• To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries
• To provide country level analysis of the market with respect to the current Offshore Decommissioning Market size and future prospective
• To provide country level analysis of the market for segments by material type, product, application and region
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Offshore Decommissioning market
Regional Analysis:
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. The Middle East and Africa region is supposed to be dominated by Gulf economies of Saudi Arabia, UAE, Kuwait, and Qatar. The presence of large onshore oil and gas deposits in the Middle East and Africa hampers offshore oil exploration and thus accounts for the disproportionately small size of the market as compared to its petroleum production.
Europe accounts for the most significant share of 70 % regarding global offshore decommissioning market value in 2016, based on the size and volume of the structures, especially in the North Sea. Europe is followed by the North America region led by Mexico owing to the aging platforms most of which are more than 30 years old. The Gulf of Mexico accounts for the most substantial number of facilities requiring decommission with a lower cost structure between USD 0.5 million to 4 million for shallow water structures. The Gulf of Mexico has historically been the most significant region regarding the volume of platforms decommissioned, which is around 4,000. North America offshore decommissioning market was valued at USD 877.1 million in 2016 and which is expected to grow to USD 1,383.3 million by 2023, at a CAGR of 6.83 %.
Check Complete Detail Report @ https://www.marketresearchfuture.com/reports/offshore-decommissioning-market-2993
Major Points of TOC:-
1 Executive Summary
2 Introduction
2.1 Definition 14
2.2 Assumptions 15
2.3 Market Structure 15
3 Research
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
Continued.....
Contact Info:
Name: Abhishek
Email: Send Email
Organization: Market Research Future
Address: WantStats Research and Media Pvt. Ltd. Office No. 528, Amanora Chambers Pune - 411028 Maharashtra, India
Phone: +1 646 845 9312
Website: https://www.marketresearchfuture.com/reports/offshore-decommissioning-market-2993
Release ID: 381519
Google
RSS