Global offshore oil and gas decommissioning Market to be Worth $3.95Bn in 2013

Monday 18 November 2013, Amsterdam

The new report, The Offshore Oil and Gas Decommissioning Market 2013-2023, indicates that the global offshore oil and gas decommissioning market will reach a value of $3.95bn in 2013, as a result of stringent environmental legislation, ageing offshore infrastructure and a developing supply chain.

The lead analyst for the report commented that: ‘Offshore oil and gas decommissioning is a growing activity globally. Much growth has been seen in the Gulf of Mexico market due to the 2010 NTL idle iron regulations and an abundance of redundant offshore installations. However, other locations are increasingly becoming significant markets. The North Sea, in particular the UK and Norwegian sectors, are experiencing considerable expansion as large, heavy offshore platforms are due for removal. Asia-Pacific is gearing up for increasing activity as more comprehensive guidelines and regulations are formed.  The rest of the world is also subject to growth, with offshore platforms, subsea installations and wells requiring decommissioning due to age’.

The report contains 105 tables, charts and graphs that add visual analysis in order to explain developing trends within the global offshore oil and gas decommissioning market. This report provides forecasts for the period 2013-2023 in terms of value (US$) for the global market, as well as for 7 regional markets (Gulf of Mexico, the Rest of North America, UK Offshore, Norwegian Offshore, the Rest of the North Sea, Asia-Pacific, and the Rest of the World). In addition, the Gulf of Mexico, UK Offshore and Norwegian Offshore markets are broken down into 3 submarkets (well P&A, jacket and topsides removal, and other costs) with forecasts and analysis included for the period 2013-2023. The report provides profiles of 45 leading companies operating within the market, and also includes two interviews with major companies involved in the industry, offering expert insight alongside  analysis.

The Offshore Oil and Gas Decommissioning Market 2013-2023 will be of value to current and future potential investors into the offshore decommissioning industry, as well as companies and research centres who wish to broaden their knowledge of the offshore oil and gas decommissioning market.