May 9, 2018   SOURCE: BusinessWire

Global Offshore Decommissioning Report 2018 - ResearchAndMarkets.com

The "Global Offshore Decommissioning Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

The global offshore decommissioning market to grow at a CAGR of 4.96% during the period 2018-2022.

Global Offshore Decommissioning Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

According to the report, one driver in the market is maturing oil and gas fields and aging platforms. The decommissioning of an oil field occurs mainly due to the declining production of crude oil or natural gas from the producing well. When the oil well becomes a liability for the oil company, the offshore facility is required to be decommissioned by abandoning and plugging the well.

Offshore decommissioning consists of a series of steps to close an oil and gas facility. Major processes in offshore decommissioning include dismantling, waste transportation, and site treatment and reuse. An offshore oil and gas facility takes several decades to be completely decommissioned depending on the process chosen, with these processes spread out over the years.

Further, the report states that one challenge in the market is high cost associated with offshore decommissioning projects. A mature or an aging well is like a non-performing asset that produces little or no profits. This is majority when the operating cost exceeds the revenue generated from producing the crude oil or natural gas. To ensure maximum reduction in the operational cost associated while decommissioning an oil field, the major focus should be on disconnection and removal as they account for majority of the project cost.

Key vendors

  • AF Gruppen
  • Aker Solutions
  • Heerema Marine Contractors
  • John Wood Group
  • Oceaneering International
  • Ramboll Group

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

PART 05: MARKET SIZING 2017-2022

PART 06: FIVE FORCES ANALYSIS

PART 07: MARKET SEGMENTATION BY SERVICE

  • Comparison by service
  • Well plugging and abandonment
  • Platform removal
  • Others
  • Market opportunity by service

PART 08: CUSTOMER LANDSCAPE

PART 09: REGIONAL LANDSCAPE

  • Regional comparison
  • Key leading countries
  • Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

PART 12: MARKET TRENDS

  • Rising investments in renewable energy
  • Use of single lift in decommissioning
  • Rise in rigless plug and abandonment

PART 13: VENDOR LANDSCAPE

  • Landscape disruption
  • Competitive scenario

PART 14: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors

For more information about this report visit https://www.researchandmarkets.com/research/bqxt57/global_offshore?w=4