Offshore Decommissioning Market Analysis and Share

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Offshore Decommissioning Market Analysis and Share

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Offshore Decommissioning Market report categorizes global market by Decommissioning Process (Project Management, Planning and Engineering, Permitting Compliance, Regulatory Compliance, Platform Preparation, Others) – PowerPoint PPT presentation

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Title: Offshore Decommissioning Market Analysis and Share


1
Offshore Decommissioning Market-Global Industry
Insights, Trends, Outlook, and Opportunity
Analysis, 20162024
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REPORT DESCRIPTION
Offshore Decommissioning Market
Overview Decommissioning refers to the process
of ending oil and gas operation at the offshore
platform keeping in account the risk and safety
of the offshore environment. This process carried
out when oil production from the well decreases
substantially. Offshore decommissioning must be
done cost efficiently, as it comprises of risks
and uncertainties, creating challenges for
decommissioning projects. The major drivers of
offshore decommissioning market are
infrastructure aging and maturing oilfields
especially in North Sea and Gulf of Mexico.
Decline in crude oil prices are estimated to
augment the growth of the oilfields
decommissioning market. Risk involved and high
cost for decommissioning are some of the factors
restraining the offshore decommissioning market
growth.
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REPORT DESCRIPTION
  • Global Offshore Decommissioning Market Taxonomy
  • On the basis of decommissioning process, the
    global offshore decommissioning market is
    segmented as
  • Project Management
  • Planning and Engineering
  • Permitting Compliance
  • Regulatory Compliance
  • Platform Preparation
  • Well Plugging and abandonment
  • Conductor Removal
  • Mobilization Demobilization of Derrick Barges
  • Platform Removal
  • Pipeline and Cable Decommissioning
  • Material Disposal
  • Site clearance
  •    
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REPORT DESCRIPTION
  • Global Offshore Decommissioning Market Outlook
  • Europe is projected to be the fastest growing
    market in offshore decommissioning, owing to the
    maturing oilfields and high spending in North Sea
    and UK. The ceasing of major oilfields and
    excellent regulatory framework is ensuring high
    pace of offshore decommissioning market in
    Europe. Oil and Gas Authority, in U.K., is
    expected to invest around US 71 billion for safe
    decommissioning.
  • North America is accounted to be the second
    largest market in offshore decommissioning, owing
    to maturing oilfields in Gulf of Mexico with
    large number of platforms decommissioning every
    year.
  • Asia Pacific is witnessed to have a significant
    growth rate in offshore decommissioning market,
    owing to rise of aging oilfields.
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ABOUT COHERENT MARKET INSIGHTS
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