Offshore Decommissioning Market Analysis and Share

1. Offshore Decommissioning Market- Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024 © Coherent market Insights. All Rights Reserved

2. 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. © Coherent market Insights. All Rights Reserved

3. 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     Request Sample Copy of This Report: https://www.coherentmarketinsights.com/insight/request-sample/885 © Coherent market Insights. All Rights Reserved

4. 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. To Get Discount on this Report: https://www.coherentmarketinsights.com/insight/request-discount/885 © Coherent market Insights. All Rights Reserved

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