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[ 英語タイトル ] North Sea Offshore Decommissioning Market - Growth, Trends, and Forecasts (2020 - 2025)


Product Code : MDEP0087599
Survey : Mordor Intelligence
Publish On : November, 2020
Number of Pages : 100
Category : Energy and Power
Report format : PDF
Sales price option (consumption tax not included)
Single User USD3750 / Question Form
5 User USD4250 / Question Form
Enterprise User USD7000 / Question Form
 - Able UK
- Aker Solutions ASA
- AF Gruppen SA
- John Wood Group PLC
- DNV GL
- Heerema Marine Contractors (HMC)
- Allseas Group
- TechnipFMC PLC
- DeepOcean Group Holding BV
- Equinor ASA

[Report Description]

The North Sea offshore decommissioning market is expected to register a CAGR of over 5% during the forecast period of 2020 – 2025. Factors, such as aging offshore infrastructure in the oil and gas industry, rising offshore oil and gas production activities, and increasing oil and gas demand, are expected to be major drivers driving the market. However, the volatile nature of oil prices in recent years led to decreased capital expenditure in the upstream oil and gas industry, causing a slowdown for the market studied.

- The shallow water sector is expected to maintain an edge in the decommissioning services market in the forecast period, owing to factors, like aging shallow water infrastructure.
- The market is expected to see a significant increase see in the forecast period, as it was one of the earliest offshore regions to be explored and developed. The infrastructure installed 30-40 years ago at the peak of exploration in the region, are now being abandoned and decommissioned, which is expected to great a huge opportunity for the decommissioning market in the region.
- The United Kingdom is expected to dominate the market growth, owing to factors, like aging offshore infrastructure, declining production from mature oilfields, and stringent environmental policies.

Key Market Trends

Shallow Water to Dominate the Market

- The shallow water segment is expected to maintain its dominance in the forecast period, owing to factors, like low operational cost and recovering oil prices in the oil and gas market.
- Most of the offshore projects being decommissioned are in shallow water, due to the fact that early offshore products were mainly shallow water, while deepwater projects have sprung up in recent years. The average depth of the North Sea is only 95m and a maximum depth of 700m.
- Over the last few years, the average cost per well for decommissioning has gone down significantly, resulting in a growth of the market being studied in the forecast period.
- Therefore, with a number of offshore oil and gas projects, along with the rising investments in the offshore oil and gas sector, the demand for decommissioning is expected to increase significantly during the forecast period.

United Kingdom to Dominate the Market

- The United Kingdom is expected to dominate the market in the forecast period due to the region being one of the first markets to use offshore oil and gas infrastructure, most of which are at decommissioning age in recent years and forecast period.
- The United Kingdom is expected to spend around EUR 15.3 billion on decommissioning over the next ten years. Approximately 2,400 wells are expected to be decommissioned across the whole North Sea and West of Shetland region, by 2027. Around 914 of these wells are located across the Norwegian, Danish, and Dutch sectors.
- In 2018, 8% of the overall expenditure of the oil and gas industry in UKCS went into decommissioning, this percentage was expected to grow over 10% in the coming years.
- The United Kingdom is set to become the global hub for decommissioning, reasons being the UK government’s acknowledge for the same and the United Kingdom is the most mature decommissioning market.
- Therefore, factors, such as rising interests of governments toward decommissioning projects, along with aging, mature fields in the region are expected to drive the demand for the market in the coming years.

Competitive Landscape

The North Sea offshore decommissioning market is consolidated. Some of the major companies operating in the market being studied are Aker Solutions, AF Gruppen SA, John Wood Group PLC, and Able UK.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

1 INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY

4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, till 2025
4.3 North Sea Offshore Active Rig Count, till 2019
4.4 Recent Trends and Developments
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 Porter's Five Forces Analysis
4.7.1 Bargaining Power of Suppliers
4.7.2 Bargaining Power of Consumers
4.7.3 Threat of New Entrants
4.7.4 Threat of Substitutes Products and Services
4.7.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 Water Depth
5.1.1 Shallow Water
5.1.2 Deepwater and Ultra-deepwater
5.2 Geography
5.2.1 United Kingdom
5.2.2 Norway
5.2.3 Rest of North Sea

6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Able UK
6.3.2 Aker Solutions ASA
6.3.3 AF Gruppen SA
6.3.4 John Wood Group PLC
6.3.5 DNV GL
6.3.6 Heerema Marine Contractors (HMC)
6.3.7 Allseas Group
6.3.8 TechnipFMC PLC
6.3.9 DeepOcean Group Holding BV
6.3.10 Equinor ASA

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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