Offshore Decommissioning Market Analysis and Forecast to 2031: By Service (Well Plugging & Abandonment, Platform Removal, Conductor Removal), Removal (Leave in Place, Partial, Complete), Depth (Shallow, Deepwater) Structure (Topsides, Substructure) and Region
Offshore decommissioning is the process of removing an offshore oil or gas platform and associated infrastructure from service. Once a platform is no longer economically viable or safe to operate, it must be decommissioned. This process typically includes removing the platform and any subsea infrastructure, such as pipelines and wells, and restoring the site to its pre-development state.
Key Trends
The decommissioning of offshore oil and gas platforms is a complex and expensive process, typically costing billions of dollars. The most common method of decommissioning is to remove the platform and all associated infrastructure from the site. This involves a number of steps, including the removal of the platform deck, the removal of the platform legs, and the removal of any subsea infrastructure.
In recent years, there has been a shift towards the use of alternative decommissioning methods, such as in-situ decommissioning. This involves leaving the platform in place and decommissioning it in place. This can be achieved through a number of methods, such as the use of remotely operated vehicles (ROVs) to remove the platform deck and legs, or the use of subsea cutters to cut the platform into pieces that can be removed.
In-situ decommissioning has a number of advantages over traditional decommissioning methods, including reduced costs, reduced environmental impacts, and increased safety. However, it is important to note that in-situ decommissioning is not suitable for all platforms and sites.
The use of alternative decommissioning methods is likely to increase in the future, as the costs of traditional decommissioning methods continue to rise.
Key Drivers
The key drivers of the offshore decommissioning market include the depletion of oil and gas reserves, the need to comply with environmental regulations, and the high cost of decommissioning.
The depletion of oil and gas reserves is the primary driver of the offshore decommissioning market. As oil and gas fields reach the end of their productive life, operators are faced with the decision to decommission their facilities. The high cost of decommissioning is another key driver of the market. Decommissioning costs can range from a few million dollars to over a billion dollars, depending on the size and complexity of the facility. Environmental regulations are also a key driver of the offshore decommissioning market. In many jurisdictions, operators are required to decommission their facilities when they reach the end of their productive life.
The offshore decommissioning market is expected to grow in the coming years as the number of aging oil and gas fields increases. The market is also expected to benefit from the development of new technologies that can reduce the cost of decommissioning.
Restraints & Challenges
The key restraints and challenges in Offshore Decommissioning market include the high cost of decommissioning, the environmental impact of decommissioning activities, and the technical challenges associated with decommissioning offshore oil and gas facilities.
The high cost of decommissioning is a major challenge for the offshore decommissioning industry. Decommissioning costs can range from $500 million to over $1 billion for a large offshore oil and gas platform. These costs are typically borne by the oil and gas companies that own the decommissioned facilities.
Market Segments
The Offshore Decommissioning Market is segmented by service type, removal, depth, service and region. By service type the market is divided into well plugging & abandonment, platform removal, conductor removal. Based on removal it is segmented into leave in place, partial, complete. On the basis of depth it is bifurcated into shallow and deepwater. By structure it is segmented into topsides and substructure. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Market Players
The Offshore Decommissioning Market includes players such as Aker Solutions, Ramboll Group, AF Gruppen, TechniFMC, John Wood Group Plc, Heerema Marine Contractors, Royal Boskalis Westminster N.V., Petrofac, Oceaneering International and Baker Hughes Company.
Table of Contents
Chapter 1. Market Introduction
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Methodologies
1.4. Market Estimation Techniques
Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market
Chapter 3. Offshore Decommissioning Market Outlook
3.1. Offshore Decommissioning Market Segmentation
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.1.1. Driver 1
3.2.1.2. Driver 2
3.2.1.3. Driver 3
3.2.2. Market Restraints
3.2.2.1. Restraint 1
3.2.2.2. Restraint 2
3.2.3. Market Opportunities
3.2.3.1. Opportunity 1
3.2.3.2. Opportunity 2
3.3. Porter’s Five Forces Analysis
3.3.1. Threat of New Entrants
3.3.2. Threat of Substitutes
3.3.3. Bargaining Power of Buyers
3.3.4. Bargaining Power of Supplier
3.3.5. Competitive Rivalry
3.4. PESTLE Analysis
3.5. Value Chain Analysis
3.5.1. Raw Material Suppliers
3.5.2. Manufacturers
3.5.3. Wholesalers and/or Retailers
3.6. Impact of the Russia and Ukraine War on the Offshore Decommissioning Market
Chapter 4. Economic Impact of COVID-19
4.1. Overall Impact of COVID-19
4.2. Impact of COVID On the Offshore Decommissioning Market
4.3. Economic Impact Analysis
Chapter 5. Offshore Decommissioning Market by Service Type
5.1. Market Overview
5.2. Well plugging & abandonment
5.2.1. Market Size and Forecast, 2021-2031 ($Million)
5.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.3. Platform removal
5.3.1. Market Size and Forecast, 2021-2031 ($Million)
5.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million) \
5.4. Conductor removal
5.4.1. Market Size and Forecast, 2021-2031 ($Million)
5.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
Chapter 6. Offshore Decommissioning Market by Removal
6.1. Market Overview
6.2. Leave in Place
6.2.1. Market Size and Forecast, 2021-2031 ($Million)
6.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.3. Partial
6.3.1. Market Size and Forecast, 2021-2031 ($Million)
6.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.4. Complete
6.4.1. Market Size and Forecast, 2021-2031 ($Million)
6.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
Chapter 7. Offshore Decommissioning Market by Depth
7.1. Market Overview
7.2. Shallow water
7.2.1. Market Size and Forecast, 2021-2031 ($Million)
7.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
7.3. Deepwater
7.3.1. Market Size and Forecast, 2021-2031 ($Million)
7.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
Chapter 8. Offshore Decommissioning Market by Structure
8.1. Market Overview
8.2. Topside
8.2.1. Market Size and Forecast, 2021-2031 ($Million)
8.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
8.3. Substructure
8.3.1. Market Size and Forecast, 2021-2031 ($Million)
8.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
Chapter 9. Offshore Decommissioning Market, by Region
9.1. Overview
9.2. North America
9.2.1. Key Market Trends and Opportunities
9.2.2. North America Offshore Decommissioning Market Size and Forecast by Service Type, 2021-2031, ($Million)
9.2.3. North America Offshore Decommissioning Market Size and Forecast by Removal, 2021-2031, ($Million)
9.2.4. North America Offshore Decommissioning Market Size and Forecast by Depth, 2021-2031, ($Million)
9.2.5. North America Offshore Decommissioning Market Size and Forecast by Structure, 2021-2031, ($Million)
9.2.6. North America Offshore Decommissioning Market Size and Forecast by Country, 2021-2031, ($Million)
9.2.7. The U.S.
9.2.7.1. The U.S. Offshore Decommissioning Market Size and Forecast by Service Type, 2021-2031, ($Million)
9.2.7.2. The U.S. Offshore Decommissioning Market Size and Forecast by Removal, 2021-2031, ($Million)
9.2.7.3. The U.S. Offshore Decommissioning Market Size and Forecast by Depth, 2021-2031, ($Million)
9.2.7.4. The U.S. Offshore Decommissioning Market Size and Forecast by Structure, 2021-2031, ($Million)
9.2.8. Canada
9.2.8.1. Canada Offshore Decommissioning Market Size and Forecast by Service Type, 2021-2031, ($Million)
9.2.8.2. Canada Offshore Decommissioning Market Size and Forecast by Removal, 2021-2031, ($Million)
9.2.8.3. Canada Offshore Decommissioning Market Size and Forecast by Depth, 2021-2031, ($Million)
9.2.8.4. Canada Offshore Decommissioning Market Size and Forecast by Structure, 2021-2031, ($Million)
9.2.9. Mexico
9.2.9.1. Mexico Offshore Decommissioning Market Size and Forecast by Service Type, 2021-2031, ($Million)
9.2.9.2. Mexico Offshore Decommissioning Market Size and Forecast by Removal, 2021-2031, ($Million)
9.2.9.3. Mexico Offshore Decommissioning Market Size and Forecast by Depth, 2021-2031, ($Million)
9.2.9.4. Mexico Offshore Decommissioning Market Size and Forecast by Structure, 2021-2031, ($Million)
9.3. Europe
9.3.1. Key Market Trends and Opportunities
9.3.2. Europe Offshore Decommissioning Market Size and Forecast by Service Type, 2021-2031, ($Million)
9.3.3. Europe Offshore Decommissioning Market Size and Forecast by Removal, 2021-2031, ($Million)
9.3.4. Europe Offshore Decommissioning Market Size and Forecast by Depth, 2021-2031, ($Million)
9.3.5. Europe Offshore Decommissioning Market Size and Forecast by Structure, 2021-2031, ($Million)
9.3.6. Europe Offshore Decommissioning Market Size and Forecast by Country, 2021-2031, ($Million)
9.3.7. Germany
9.3.7.1. Germany Offshore Decommissioning Market Size and Forecast by Service Type, 2021-2031, ($Million)
9.3.7.2. Germany Offshore Decommissioning Market Size and Forecast by Removal, 2021-2031, ($Million)
9.3.7.3. Germany Offshore Decommissioning Market Size and Forecast by Depth, 2021-2031, ($Million)
9.3.7.4. Germany Offshore Decommissioning Market Size and Forecast by Structure, 2021-2031, ($Million)
9.3.8. France
9.3.8.1. France Offshore Decommissioning Market Size and Forecast by Service Type, 2021-2031, ($Million)
9.3.8.2. France Offshore Decommissioning Market Size and Forecast by Removal, 2021-2031, ($Million)
9.3.8.3. France Offshore Decommissioning Market Size and Forecast by Depth, 2021-2031, ($Million)
9.3.8.4. France Offshore Decommissioning Market Size and Forecast by Structure, 2021-2031, ($Million)
9.3.9. U.K.
9.3.9.1. U.K. Offshore Decommissioning Market Size and Forecast by Service Type, 2021-2031, ($Million)
9.3.9.2. U.K. Offshore Decommissioning Market Size and Forecast by Removal, 2021-2031, ($Million)
9.3.9.3. U.K. Offshore Decommissioning Market Size and Forecast by Depth, 2021-2031, ($Million)
9.3.9.4. U.K. Offshore Decommissioning Market Size and Forecast by Structure, 2021-2031, ($Million)
9.3.10. Spain
9.3.10.1. Spain Offshore Decommissioning Market Size and Forecast by Service Type, 2021-2031, ($Million)
9.3.10.2. Spain Offshore Decommissioning Market Size and Forecast by Removal, 2021-2031, ($Million)
9.3.10.3. Spain Offshore Decommissioning Market Size and Forecast by Depth, 2021-2031, ($Million)
9.3.10.4. Spain Offshore Decommissioning Market Size and Forecast by Structure, 2021-2031, ($Million)
9.3.11. Italy
9.3.11.1. Italy Offshore Decommissioning Market Size and Forecast by Service Type, 2021-2031, ($Million)
9.3.11.2. Italy Offshore Decommissioning Market Size and Forecast by Removal, 2021-2031, ($Million)
9.3.11.3. Italy Offshore Decommissioning Market Size and Forecast by Depth, 2021-2031, ($Million)
9.3.11.4. Italy Offshore Decommissioning Market Size and Forecast by Structure, 2021-2031, ($Million)
9.3.12. Rest of Europe
9.3.12.1. Rest of Europe Offshore Decommissioning Market Size and Forecast by Service Type, 2021-2031, ($Million)
9.3.12.2. Rest of Europe Offshore Decommissioning Market Size and Forecast by Removal, 2021-2031, ($Million)
9.3.12.3. Rest of Europe Offshore Decommissioning Market Size and Forecast by Depth, 2021-2031, ($Million)
9.3.12.4. Rest of Europe Offshore Decommissioning Market Size and Forecast by Structure, 2021-2031, ($Million)
9.4. Asia-Pacific
9.4.1. Key Market Trends and Opportunities
9.4.2. Asia-Pacific Offshore Decommissioning Market Size and Forecast by Country, 2021-2031, ($Million)
9.4.3. Asia-Pacific Offshore Decommissioning Market Size and Forecast by Removal, 2021-2031, ($Million)
9.4.4. Asia-Pacific Offshore Decommissioning Market Size and Forecast by Service Type, 2021-2031, ($Million)
9.4.5. Asia-Pacific Offshore Decommissioning Market Size and Forecast by Depth, 2021-2031, ($Million)
9.4.6. Asia-Pacific Offshore Decommissioning Market Size and Forecast by Structure, 2021-2031, ($Million)
9.4.7. China
9.4.7.1. China Offshore Decommissioning Market Size and Forecast by Service Type, 2021-2031, ($Million)
9.4.7.2. China Offshore Decommissioning Market Size and Forecast by Removal, 2021-2031, ($Million)
9.4.7.3. China Offshore Decommissioning Market Size and Forecast by Depth, 2021-2031, ($Million)
9.4.7.4. China Offshore Decommissioning Market Size and Forecast by Structure, 2021-2031, ($Million)
9.4.8. India
9.4.8.1. India Offshore Decommissioning Market Size and Forecast by Service Type, 2021-2031, ($Million)
9.4.8.2. India Offshore Decommissioning Market Size and Forecast by Removal, 2021-2031, ($Million)
9.4.8.3. India Offshore Decommissioning Market Size and Forecast by Depth, 2021-2031, ($Million)
9.4.8.4. India Offshore Decommissioning Market Size and Forecast by Structure, 2021-2031, ($Million)
9.4.9. Japan
9.4.9.1. Japan Offshore Decommissioning Market Size and Forecast by Service Type, 2021-2031, ($Million)
9.4.9.2. Japan Offshore Decommissioning Market Size and Forecast by Removal, 2021-2031, ($Million)
9.4.9.3. Japan Offshore Decommissioning Market Size and Forecast by Depth, 2021-2031, ($Million)
9.4.9.4. Japan Offshore Decommissioning Market Size and Forecast by Structure, 2021-2031, ($Million)
9.4.10. South Korea
9.4.10.1. South Korea Offshore Decommissioning Market Size and Forecast by Service Type, 2021-2031, ($Million)
9.4.10.2. South Korea Offshore Decommissioning Market Size and Forecast by Removal, 2021-2031, ($Million)
9.4.10.3. South Korea Offshore Decommissioning Market Size and Forecast by Depth, 2021-2031, ($Million)
9.4.10.4. South Korea Offshore Decommissioning Market Size and Forecast by Structure, 2021-2031, ($Million)
9.4.11. Rest of APAC
9.4.11.1. Rest of APAC Offshore Decommissioning Market Size and Forecast by Service Type, 2021-2031, ($Million)
9.4.11.2. Rest of APAC Offshore Decommissioning Market Size and Forecast by Removal, 2021-2031, ($Million)
9.4.11.3. Rest of APAC Offshore Decommissioning Market Size and Forecast by Depth, 2021-2031, ($Million)
9.4.11.4. Rest of APAC Offshore Decommissioning Market Size and Forecast by Structure, 2021-2031, ($Million)
9.5. Rest of the World
9.5.1. Key Market Trends and Opportunities
9.5.2. Rest of the World Offshore Decommissioning Market Size and Forecast by Service Type, 2021-2031, ($Million)
9.5.3. Rest of the World Offshore Decommissioning Market Size and Forecast by Removal, 2021-2031, ($Million)
9.5.4. Rest of the World Offshore Decommissioning Market Size and Forecast by Depth, 2021-2031, ($Million)
9.5.5. Rest of the World Offshore Decommissioning Market Size and Forecast by Structure, 2021-2031, ($Million)
9.5.6. Rest of the World Offshore Decommissioning Market Size and Forecast by Country, 2021-2031, ($Million)
9.5.7. Latin America
9.5.7.1. Latin America Offshore Decommissioning Market Size and Forecast by Service Type, 2021-2031, ($Million)
9.5.7.2. Latin America Offshore Decommissioning Market Size and Forecast by Removal, 2021-2031, ($Million)
9.5.7.3. Latin America Offshore Decommissioning Market Size and Forecast by Depth, 2021-2031, ($Million)
9.5.7.4. Latin America Offshore Decommissioning Market Size and Forecast by Structure, 2021-2031, ($Million)
9.5.8. Middle East
9.5.8.1. Middle East Offshore Decommissioning Market Size and Forecast by Service Type, 2021-2031, ($Million)
9.5.8.2. Middle East Offshore Decommissioning Market Size and Forecast by Removal, 2021-2031, ($Million)
9.5.8.3. Middle East Offshore Decommissioning Market Size and Forecast by Depth, 2021-2031, ($Million)
9.5.8.4. Middle East Offshore Decommissioning Market Size and Forecast by Structure, 2021-2031, ($Million)
9.5.9. Africa
9.5.9.1. Africa Offshore Decommissioning Market Size and Forecast by Service Type, 2021-2031, ($Million)
9.5.9.2. Africa Offshore Decommissioning Market Size and Forecast by Removal, 2021-2031, ($Million)
9.5.9.3. Africa Offshore Decommissioning Market Size and Forecast by Depth, 2021-2031, ($Million)
9.5.9.4. Africa Offshore Decommissioning Market Size and Forecast by Structure, 2021-2031, ($Million)
Chapter 10. Competitive Landscape
10.1. Market Overview
10.2. Market Share Analysis/Key Player Positioning
10.3. Developmental Strategy Benchmarking
10.3.1. New Product Development
10.3.2. Product Launches
10.3.3. Business Expansions
10.3.4. Partnerships, Joint Ventures, and Collaborations
10.3.5. Mergers and Acquisitions
Chapter 11. Company Profiles
11.1. Aker Solutions
11.1.1. Company Snapshot
11.1.2. Financial Performance
11.1.3. Product Offerings
11.1.4. Key Strategic Initiatives
11.1.5. SWOT Analysis
11.2. Ramboll Group
11.2.1. Company Snapshot
11.2.2. Financial Performance
11.2.3. Product offerings
11.2.4. Key Strategic Initiatives
11.2.5. SWOT Analysis
11.3. AF Gruppen
11.3.1. Company Snapshot
11.3.2. Financial Performance
11.3.3. Product offerings
11.3.4. Key Strategic Initiatives
11.3.5. SWOT Analysis
11.4. TechniFMC
11.4.1. Company Snapshot
11.4.2. Financial Performance
11.4.3. Product offerings
11.4.4. Key Strategic Initiatives
11.4.5. SWOT Analysis
11.5. John Wood Group Plc
11.5.1. Company Snapshot
11.5.2. Financial Performance
11.5.3. Product offerings
11.5.4. Key Strategic Initiatives
11.5.5. SWOT Analysis
11.6. Heerema Marine Contractors
11.6.1. Company Snapshot
11.6.2. Financial Performance
11.6.3. Product offerings
11.6.4. Key Strategic Initiatives
11.6.5. SWOT Analysis
11.7. Royal Boskalis Westminster N.V.
11.7.1. Company Snapshot
11.7.2. Financial Performance
11.7.3. Product offerings
11.7.4. Key Strategic Initiatives
11.7.5. SWOT Analysis
11.8. Petrofac
11.8.1. Company Snapshot
11.8.2. Financial Performance
11.8.3. Product offerings
11.8.4. Key Strategic Initiatives
11.8.5. SWOT Analysis
11.9. Oceaneering International
11.9.1. Company Snapshot
11.9.2. Financial Performance
11.9.3. Product offerings
11.9.4. Key Strategic Initiatives
11.9.5. SWOT Analysis
11.10. Baker Hughes Company
11.10.1. Company Snapshot
11.10.2. Financial Performance
11.10.3. Product offerings
11.10.4. Key Strategic Initiatives
11.10.5. SWOT Analysis
*The list of company is subject to change during the final compilation of the report
Key Market Players
- Aker Solutions
- Ramboll Group
- AF Gruppen
- TechniFMC
- John Wood Group Plc
- Heerema Marine Contractors
- Royal Boskalis Westminster N.V.
- Petrofac
- Oceaneering International
- Baker Hughes Company
Market Segments
By Service type
- Well plugging & abandonment
- Platform removal
- Conductor removal
By Removal
- Leave in place
- Partial
- Complete
By Depth
- Shallow water
- Deepwater
By Structure
- Topside
- Substructure
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- Middle East
- Africa