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.
Study Objectives of Global Offshore Decommissioning Market
• To provide insights about factors influencing and affecting the market growth.
• To provide historical and forecast revenue of the market segments as well as sub-segments with respect to regional markets and their key countries
• To provide historical and forecast revenue of the market segments based on type, and capacity.
• To provide strategic profiling of key players in the market, comprehensively analyzing their market share, core competencies, and drawing a competitive landscape for the market
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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.
The regional analysis also includes
• Europe
o U.K.
o Norway
o Rest of Europe
• North America
o U.S.
o Canada
• Asia-Pacific
o Indonesia
o Malaysia
o Australia
o Rest of Asia-Pacific
• Rest of the world
o Latin America
o Middle East
o Africa
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Table Of Contents:
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
…..
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
Continued…….
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