Title: Offshore Decommissioning Market Analysis and Share
1Offshore Decommissioning Market-Global Industry
Insights, Trends, Outlook, and Opportunity
Analysis, 20162024
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2REPORT 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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3REPORT 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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4REPORT 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. - To Get Discount on this Report
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