Global offshore decommissioning market is expected to grow at a steady CAGR during the forecast period. Increasing focus on mature oil & gas fields is one of the key factors due to which the market is anticipated to rev up during the forecast years. The regulatory bodies have established legal guidelines for offshore oil and gas operations in respective nations which is positively impacting the growth of market during the forecast period. Furthermore, upsurge in demand for oil and gas is expected to bolster the growth of market over the next few years.

Due to impact of COVID-19, there has been recent downturn in prices of oil which is expected to be a key restraint to not only exploration and development activities of oil and gas but also decommissioning operations. However, once the countries will ease restriction on lockdown, demand for offshore decommissioning is expected to increase through 2026.

The global offshore decommissioning market is segmented based on services, structure, depth, removal, company, and region. Based on services, the market has been segmented into project management, planning & engineering, permitting compliance, regulatory compliance, well plugging and abandonment, material disposal, site clearance, platform preparation and others. The well plugging and abandonment segment dominated the market until 2020 and is estimated to maintain its dominance over the next five years as well which can be attributed to high demand from the European market. Based on depth, the market has been categorised into deepwater and shallow water. Until 2020, the shallow water segment accounted for the largest market share and the segment is projected to maintain its leading position over the next five years as well owing to its lower operational costs.

The major players operating in the offshore decommissioning market are Aker Solutions ASA, Ramboll Group, AF Gruppen ASA, Technifmc Plc, John Wood Group Plc, Tetra Technologies Inc., Amec Foster Wheeler PL, Heerema Marine Contractors, Subsea 7 S.A., Allseas Group S.A. and others.

Years considered for this report:

Historical Years: 2016-2019

Base Year: 2020

Estimated Year: 2021

Forecast Period: 2022–2026

Objective of the Study:

  • To analyze and estimate the market size of global offshore decommissioning market from 2016 to 2019.
  • To estimate and forecast the market size of global offshore decommissioning market from 2020 to 2026 and growth rate until 2026.
  • To classify and forecast global offshore decommissioning market based on services, structure, depth, removal, company and regional distribution.
  • To identify dominant region or segment in the global offshore decommissioning market.
  • To identify drivers and challenges for global offshore decommissioning market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global offshore decommissioning market.
  • To conduct pricing analysis for global offshore decommissioning market.
  • To identify and analyze the profile of leading players operating in global offshore decommissioning market.
  • To identify key sustainable strategies adopted by market players in global offshore decommissioning market.

Click here to download the sample

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers and presence of all major players across the globe.

TechSci Research calculated the market size of global offshore decommissioning market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research. 

Key Target Audience:

  • Offshore decommissioning service provider
  • Market research and consulting firms
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to offshore decommissioning

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, global offshore decommissioning market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Global Offshore Decommissioning Market, By Services:
    • Project Management
    • Planning & Engineering
    • Permitting Compliance
    • Regulatory Compliance
    • Material Disposal
    • Site Clearance
    • Platform Preparation
    • Others
  • Global Offshore Decommissioning Market, By Structure:
    • Topsides
    • Subsea Infrastructure
    • Substructure
  • Global Offshore Decommissioning Market, By Depth:
    • Deepwater
    • Shallow Water
  • Global Offshore Decommissioning Market, By Removal:
    • Complete Removal
    • Partial Removal
    • Leave in Place
  • Global Offshore Decommissioning Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • United Kingdom
      • Italy
      • Spain
    • Asia-Pacific
      • China
      • Japan
      • India
      • South Korea
      • Australia
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE
    • South America
      • Brazil
      • Argentina
      • Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global offshore decommissioning market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
Global offshore decommissioning market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at sales@techsciresearch.com

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Global Offshore Decommissioning Market

4.    Executive Summary

5.    Voice of Customer

6.    Global Offshore Decommissioning Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Services (Project Management, Planning & Engineering, Permitting Compliance, Regulatory Compliance, Material Disposal, Site Clearance, Platform Preparation and Others)

6.2.2.     By Structure (Topsides, Subsea Infrastructure and Substructure)

6.2.3.     By Depth (Deepwater and Shallow Water)

6.2.4.     By Remove (Complete Removal, Partial Removal, Leave in Place)

6.2.5.     By Company

6.2.6.     By Region

6.3.  Market Attractiveness Index

7.    Asia-Pacific Offshore Decommissioning Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Services

7.2.2.     By Structure

7.2.3.     By Depth

7.2.4.     By Remove

7.2.5.     By Country

7.3.  Asia-Pacific: Country Analysis

7.3.1.     China Offshore Decommissioning Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Services

7.3.1.2.2.             By Depth

7.3.1.2.3.             By Remove

7.3.2.     India Offshore Decommissioning Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Services

7.3.2.2.2.             By Depth

7.3.2.2.3.             By Remove

7.3.3.     Australia Offshore Decommissioning Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Services

7.3.3.2.2.             By Depth

7.3.3.2.3.             By Remove

7.3.4.     Japan Offshore Decommissioning Market Outlook

7.3.4.1.         Market Size & Forecast

7.3.4.1.1.             By Value

7.3.4.2.         Market Share & Forecast

7.3.4.2.1.             By Services

7.3.4.2.2.             By Depth

7.3.4.2.3.             By Remove

7.3.5.     South Korea Offshore Decommissioning Market Outlook

7.3.5.1.         Market Size & Forecast

7.3.5.1.1.             By Value

7.3.5.2.         Market Share & Forecast

7.3.5.2.1.             By Services

7.3.5.2.2.             By Depth

7.3.5.2.3.             By Remove

8.    Europe Offshore Decommissioning Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Services

8.2.2.     By Structure

8.2.3.     By Depth

8.2.4.     By Remove

8.2.5.     By Country

8.3.  Europe: Country Analysis

8.3.1.     France Offshore Decommissioning Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Services

8.3.1.2.2.             By Depth

8.3.1.2.3.             By Remove

8.3.2.     Germany Offshore Decommissioning Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Services

8.3.2.2.2.             By Depth

8.3.2.2.3.             By Remove

8.3.3.     United Kingdom Offshore Decommissioning Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Services

8.3.3.2.2.             By Depth

8.3.3.2.3.             By Remove

8.3.4.     Italy Offshore Decommissioning Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Value

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Services

8.3.4.2.2.             By Depth

8.3.4.2.3.             By Remove

8.3.5.     Spain Offshore Decommissioning Market Outlook

8.3.5.1.         Market Size & Forecast

8.3.5.1.1.             By Value

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Services

8.3.5.2.2.             By Depth

8.3.5.2.3.             By Remove

9.    North America Offshore Decommissioning Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Services

9.2.2.     By Structure

9.2.3.     By Depth

9.2.4.     By Remove

9.2.5.     By Country

9.3.  North America: Country Analysis

9.3.1.     United States Offshore Decommissioning Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Services

9.3.1.2.2.             By Depth

9.3.1.2.3.             By Remove

9.3.2.     Mexico Offshore Decommissioning Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Services

9.3.2.2.2.             By Depth

9.3.2.2.3.             By Remove

9.3.3.     Canada Offshore Decommissioning Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Services

9.3.3.2.2.             By Depth

9.3.3.2.3.             By Remove

10.  South America Offshore Decommissioning Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Services

10.2.2.  By Structure

10.2.3.  By Depth

10.2.4.  By Remove

10.2.5.  By Country

10.3.              South America: Country Analysis

10.3.1.  Brazil Offshore Decommissioning Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Services

10.3.1.2.2.           By Depth

10.3.1.2.3.           By Remove

10.3.2.  Argentina Offshore Decommissioning Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Services

10.3.2.2.2.           By Depth

10.3.2.2.3.           By Remove

10.3.3.  Colombia Offshore Decommissioning Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Services

10.3.3.2.2.           By Depth

10.3.3.2.3.           By Remove

11.  Middle East and Africa Offshore Decommissioning Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value

11.2.              Market Share & Forecast

11.2.1.  By Services

11.2.2.  By Structure

11.2.3.  By Depth

11.2.4.  By Remove

11.2.5.  By Country

11.3.              MEA: Country Analysis

11.3.1.  South Africa Offshore Decommissioning Market Outlook

11.3.1.1.      Market Size & Forecast

11.3.1.1.1.           By Value

11.3.1.2.      Market Share & Forecast

11.3.1.2.1.           By Services

11.3.1.2.2.           By Depth

11.3.1.2.3.           By Remove

11.3.2.  Saudi Arabia Offshore Decommissioning Market Outlook

11.3.2.1.      Market Size & Forecast

11.3.2.1.1.           By Value

11.3.2.2.      Market Share & Forecast

11.3.2.2.1.           By Services

11.3.2.2.2.           By Depth

11.3.2.2.3.           By Remove

11.3.3.  UAE Offshore Decommissioning Market Outlook

11.3.3.1.      Market Size & Forecast

11.3.3.1.1.           By Value

11.3.3.2.      Market Share & Forecast

11.3.3.2.1.           By Services

11.3.3.2.2.           By Depth

11.3.3.2.3.           By Remove

12.  Market Dynamics

12.1.              Drivers

12.2.              Challenges

13.  Market Trends & Developments

14.  Competitive Landscape

14.1.              Aker Solutions ASA

14.2.              Ramboll Group

14.3.              AF Gruppen ASA

14.4.              Technifmc Plc

14.5.              John Wood Group Plc

14.6.              Tetra Technologies Inc.

14.7.              Amec Foster Wheeler PLC

14.8.              Heerema Marine Contractors

14.9.              Subsea 7 S.A.

14.10.            Allseas Group S.A.

15.  Strategic Recommendations

16.  About Us & Disclaimer

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com