1 INTRODUCTION 20
1.1 OBJECTIVES OF THE STUDY 20
1.2 DEFINITION 20
1.2.1 OFFSHORE DECOMMISSIONING MARKET TERMINOLOGY, BY DEPTH: INCLUSIONS & EXCLUSIONS 21
1.3 MARKET SCOPE 21
1.3.1 MARKET SEGMENTATION 21
1.3.2 REGIONAL SCOPE 22
1.4 YEARS CONSIDERED FOR THE STUDY 22
1.5 CURRENCY 23
1.6 LIMITATIONS 23
1.7 STAKEHOLDERS 23

2 RESEARCH METHODOLOGY 24
2.1 SCOPE 24
2.2 MARKET SIZE ESTIMATION 25
2.2.1 DEMAND-SIDE ANALYSIS 25
2.3 DATA TRIANGULATION 26
2.3.1 ASSUMPTIONS 26
2.3.2 SUPPLY-SIDE ANALYSIS 27
2.3.2.1 Assumptions 27
2.3.2.2 Calculation 27
2.3.3 FORECAST 27
2.4 SOME OF THE INSIGHTS OF INDUSTRY EXPERTS 28

3 EXECUTIVE SUMMARY 29

4 PREMIUM INSIGHTS 34
4.1 ATTRACTIVE OPPORTUNITIES IN THE OFFSHORE DECOMMISSIONING MARKET 34
4.2 OFFSHORE DECOMMISSIONING MARKET, BY STRUCTURE 34
4.3 OFFSHORE DECOMMISSIONING MARKET, BY DEPTH 35
4.4 OFFSHORE DECOMMISSIONING MARKET, BY REMOVAL 35
4.5 EUROPE OFFSHORE DECOMMISSIONING MARKET, BY SERVICE & COUNTRY 35
4.6 OFFSHORE DECOMMISSIONING MARKET, BY REGION 36
?

5 MARKET OVERVIEW 37
5.1 INTRODUCTION 37
5.2 MARKET DYNAMICS 38
5.2.1 DRIVERS 38
5.2.1.1 Increasing number of maturing oilfields 38
5.2.1.2 Aging offshore infrastructure 39
5.2.1.3 Low crude oil prices 39
5.2.2 RESTRAINTS 40
5.2.2.1 Lack of technology infrastructure and regulatory monitoring 40
5.2.2.2 High cost of decommissioning 40
5.2.3 OPPORTUNITIES 41
5.2.3.1 Innovative technology for landscape reversal 41
5.2.3.2 Increasing investments in the oil & gas industry 41
5.2.4 CHALLENGES 42
5.2.4.1 Associated environmental concerns 42
5.2.4.2 Asset life extension technology 42

6 OFFSHORE DECOMMISSIONING MARKET, BY SERVICE 43
6.1 INTRODUCTION 44
6.2 PROJECT MANAGEMENT, ENGINEERING, AND PLANNING 45
6.2.1 PROJECT MANAGEMENT, ENGINEERING, AND PLANNING PHASE OF DECOMMISSIONING CAN START AS EARLY AS 2–3 YEARS PRIOR TO THE CESSATION OF PRODUCTION (COP) 45
6.3 PERMITTING & REGULATORY COMPLIANCE 46
6.3.1 MIDDLE EAST & AFRICA IS AMONG THE FASTEST MARKETS IN FOLLOWING REGULATORY COMPLIANCE 46
6.4 PLATFORM PREPARATION 46
6.4.1 PLATFORM PREPARATION HELPS IN REDUCING THE OFFSHORE DECOMMISSIONING COST AND TIME 46
6.5 WELL PLUGGING & ABANDONMENT 47
6.5.1 WELL PLUGGING & ABANDONMENT HELPS TO ENSURE LONG-TERM WELL INTEGRITY AND ACCOUNTS FOR THE LARGEST MARKET SIZE 47
6.6 CONDUCTOR REMOVAL 48
6.6.1 INCREASING EMPHASIS ON SAFETY IS EXPECTED TO DRIVE THE CONDUCTOR REMOVAL SEGMENT DURING THE FORECAST PERIOD 48
6.7 MOBILIZATION & DEMOBILIZATION OF DERRICK BARGES 49
6.7.1 RISING NEED FOR ECONOMICAL AND SAFE TRANSPORTATION OF STRUCTURE TO ONSHORE LOCATION IS EXPECTED TO DRIVE THE SEGMENT DURING THE FORECAST PERIOD 49
6.8 PLATFORM REMOVAL 49
6.8.1 THE NORTH SEA AND THE GULF OF MEXICO ARE HOME TO THE MAXIMUM NUMBER OF PLATFORMS WHICH ARE IDEAL AND NOT PRODUCING ANY TYPE OF HYDROCARBONS AND ELIGIBLE FOR DECOMMISSIONING 49
?
6.9 PIPELINE & POWER CABLE DECOMMISSIONING 50
6.9.1 AGED OFFSHORE INFRASTRUCTURE IS ESTIMATED TO DRIVE THE SEGMENT 50
6.10 MATERIAL DISPOSAL 51
6.10.1 RISING NEED FOR SAFE DISPOSAL AND RECYCLING OF STRUCTURE IS EXPECTED TO DRIVE THE SEGMENT DURING THE FORECAST PERIOD 51
6.11 SITE CLEARANCE 52
6.11.1 AVAILABILITY OF REGULATORY FRAMEWORK GUIDING THE OPERATING COMPANIES TO CONDUCT THEIR SITE CLEARANCE IN AN ENVIRONMENTALLY SAFE MANNER 52

7 OFFSHORE DECOMMISSIONING MARKET, BY STRUCTURE 54
7.1 INTRODUCTION 55
7.2 TOPSIDES 56
7.2.1 ECONOMICAL AND EASY REMOVAL OF TOPSIDE STRUCTURES COMPARED TO REMOVAL OF SUBSTRUCTURE AND REMOVAL OF SUBSEA INFRASTRUCTURE IS EXPECTED TO DRIVE THE TOPSIDE STRUCTURE SEGMENT DURING THE FORECAST PERIOD 56
7.3 SUBSTRUCTURE 57
7.3.1 STRICT GOVERNMENT NORMS HAVE EXPECTED TO DRIVE THE SUBSTRUCTURE SEGMENT DURING THE FORECAST PERIOD 57
7.4 SUBSEA INFRASTRUCTURE 57
7.4.1 AGING SUBSEA EQUIPMENT AND INFRASTRUCTURE IS EXPECTED TO DRIVE THE SEGMENT 57

8 OFFSHORE DECOMMISSIONING MARKET, BY DEPTH 59
8.1 INTRODUCTION 60
8.2 SHALLOW WATER 61
8.2.1 SHALLOW WATER PROJECTS ARE 25–30 YEARS OLD AND HENCE NEED TO BE DECOMMISSIONED 61
8.3 DEEPWATER 61
8.3.1 THE US, THE GULF OF MEXICO, AND THE SOUTHERN NORTH SEA MARKETS ARE LIKELY TO DRIVE THE GROWTH OF THE DEEPWATER SEGMENT 61

9 OFFSHORE DECOMMISSIONING MARKET, BY REMOVAL 63
9.1 INTRODUCTION 64
9.2 COMPLETE REMOVAL 65
9.2.1 SAFETY CONCERNS OF MARINE LIFE ARE EXPECTED TO DRIVE THE COMPLETE REMOVAL SEGMENT DURING THE FORECAST PERIOD 65
9.3 PARTIAL REMOVAL 66
9.3.1 PARTIALLY REMOVED PLATFORMS PROVIDE OPTIONS TO PRODUCTIVE FISH HABITATS AND POTENTIALLY MITIGATE REDUCTIONS IN SHELL MOUND HABITAT 66
9.4 LEAVE IN PLACE 67
9.4.1 LEAVE IN PLACE REMOVAL REQUIRES NO SITE CLEARANCE AND PROVIDES MIGRATORY ANIMAL HABITAT WHICH IS ESTIMATED TO DRIVE THE SEGMENT 67
?

10 OFFSHORE DECOMMISSIONING MARKET, BY REGION 68
10.1 INTRODUCTION 69
10.2 EUROPE 70
10.2.1 BY SERVICE 72
10.2.2 BY STRUCTURE 72
10.2.3 BY DEPTH 73
10.2.4 BY REMOVAL 73
10.2.5 BY COUNTRY 74
10.2.5.1 UK 74
10.2.5.1.1 Government policies such as tax refunds for decommissioning of its oil & gas assets are fostering the market in the UK 74
10.2.5.2 Norway 76
10.2.5.2.1 Increasing number of mature oilfields is expected to lead to an increase in the offshore decommissioning market in Norway 76
10.2.5.3 The Netherlands 77
10.2.5.3.1 Most of the old structures and platforms in the shallow water area of the country are now eligible for decommissioning 77
10.2.5.4 Rest of Europe 79
10.3 NORTH AMERICA 80
10.3.1 BY SERVICE 82
10.3.2 BY STRUCTURE 82
10.3.3 BY DEPTH 83
10.3.4 BY REMOVAL 83
10.3.5 BY COUNTRY 84
10.3.5.1 US 84
10.3.5.1.1 Robust regulatory infrastructure for aging offshore installations to cut losses from economically unviable fields 84
10.3.5.2 Canada 86
10.3.5.2.1 Economical and easy removal of the topside structure compared to other structures is expected to drive the offshore decommissioning market in Canada during the forecast period 86
10.3.5.3 Mexico 87
10.3.5.3.1 Complete removal of aging infrastructure dominated the offshore decommissioning market in Mexico 87
10.4 ASIA PACIFIC 89
10.4.1 BY SERVICE 89
10.4.2 BY STRUCTURE 90
10.4.3 BY DEPTH 90
10.4.4 BY REMOVAL 91
?
10.4.5 BY COUNTRY 91
10.4.5.1 China 92
10.4.5.1.1 The shallow water segment is expected to dominate the offshore decommissioning market in China 92
10.4.5.2 Indonesia 93
10.4.5.2.1 Declining oil & gas production over the past 10 years from aging oilfields is expected to drive the market 93
10.4.5.3 Malaysia 95
10.4.5.3.1 Increasing decommissioning activities in Labuan Island are expected to drive the market 95
10.4.5.4 Australia 96
10.4.5.4.1 Increasing number of mature oilfields in the country is expected to drive the offshore decommissioning market during the forecast period 96
10.4.5.5 Rest of Asia Pacific 97
10.5 MIDDLE EAST & AFRICA 99
10.5.1 BY SERVICE 99
10.5.2 BY STRUCTURE 100
10.5.3 BY DEPTH 100
10.5.4 BY REMOVAL 101
10.5.5 BY COUNTRY 101
10.5.5.1 UAE 102
10.5.5.1.1 Increasing number of mature oilfields in shallow water is expected to dominate the offshore decommissioning market in the UAE 102
10.5.5.2 Angola 103
10.5.5.2.1 Complete removal of aging infrastructure dominated the offshore decommissioning market in Angola 103
10.5.5.3 Saudi Arabia 105
10.5.5.3.1 Increasing decommissioning activities in the Safaniya offshore field 105
10.5.5.4 Rest of Middle East & Africa 106
10.6 SOUTH AMERICA 107
10.6.1 BY SERVICE 108
10.6.2 BY STRUCTURE 108
10.6.3 BY DEPTH 109
10.6.4 BY REMOVAL 109
10.6.5 BY COUNTRY 110
10.6.5.1 Brazil 110
10.6.5.1.1 Aging oilfields and structures in the Guaricema and Caioba shallow-water fields are driving the market in Brazil 110
10.6.5.2 Rest of South America 112
10.6.5.2.1 Investments in Panama and Chile would increase the demand for offshore decommissioning during the forecast period 112
11 COMPETITIVE LANDSCAPE 114
11.1 OVERVIEW 114
11.2 COMPETITIVE LEADERSHIP MAPPING (OVERALL MARKET) 116
11.2.1 VISIONARY LEADERS 116
11.2.2 INNOVATORS 116
11.2.3 DYNAMIC 116
11.2.4 EMERGING 116
11.3 MARKET SHARE, 2018 117
11.4 COMPETITIVE SCENARIO 118
11.4.1 CONTRACTS & AGREEMENTS 118
11.4.2 NEW PRODUCT LAUNCHES 119
11.4.3 MERGERS & ACQUISITIONS 120
11.4.4 EXPANSIONS & INVESTMENTS 120
11.4.5 PARTNERSHIPS & COLLABORATIONS 121
12 COMPANY PROFILES 122
(Business overview, Products offered, Recent Developments, SWOT Analysis, MNM view)*
12.1 HALLIBURTON 122
12.2 PETROFAC 125
12.3 WEATHERFORD 129
12.4 SCHLUMBERGER 132
12.5 SUBSEA 7 135
12.6 TECHNIPFMC 138
12.7 JOHN WOOD GROUP 141
12.8 RAMBOLL 144
12.9 OCEANEERING 146
12.10 BHGE 149
12.11 ROYAL DUTCH SHELL 151
12.12 AKER SOLUTIONS 153
12.13 REVER OFFSHORE 155
12.14 DNV GL 157
12.15 SAIPEM 160
12.16 HEEREMA MARINE CONTRACTORS 162
12.17 CLAXTON ENGINEERING SERVICES 164
12.18 DEEPOCEAN GROUP 167
12.19 ALLSEAS GROUP 169
12.20 ABLE UK 171
?
12.21 ENERMECH 173
12.22 MACTECH 175
12.23 ANNEXURE 176
*Details on Business overview, Products offered, Recent Developments, SWOT Analysis, MNM view might not be captured in case of unlisted companies.

13 APPENDIX 177
13.1 INSIGHTS OF INDUSTRY EXPERTS 177
13.2 DISCUSSION GUIDE 178
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 182
13.4 AVAILABLE CUSTOMIZATIONS 184
13.5 RELATED REPORTS 184
13.6 AUTHOR DETAILS 185