Offshore Oil & Gas Decommissioning) Market Will See A Capital Expenditure (Capex) Of $6,551.9 Mn In 2018

06 August 2018
Energy

Visiongain’ has launched a new energy report The Offshore Oil & Gas Decommissioning Market Forecasts 2018-2028: Forecast & Analysis by Type (Well Plugging and Abandonment, Jacket and Topsides Removal, and Others) AND By Region Plus Profiles of Leading Companies in the Oil & Gas Decommissioning Market

One of the major challenges faced by the oil and gas industry worldwide is the prevalence of low oil prices. Low oil prices worldwide have negatively affected the oil and gas industry

With such established global offshore oil and gas fields, decommissioning becomes increasingly pertinent. As global offshore oil and gas fields mature, ageing structures must be removed. With the average lifetime of an offshore oil and gas field in the region of 25 to 40 years, this leaves many global structures in need of decommissioning.

The cost involved in the decommissioning varies from project to project and coast to coast. The majority of costs are associated with the jacket, topside and subsea structure removal phases and well P&A.

Decommissioning projects are highly complex, lengthy and expensive; the process involves many different stages and can take more than a decade to complete. With such environmental, economic and social pressures, the offshore decommissioning market is set to drastically increase, creating substantial business opportunities along the way.

The visiongain report analyst commented, “The global decommissioning market was set to grow, even before the prices of oil and gas started to fall owing to ageing of offshore infrastructure and increasingly stringent regulations drive investment, particularly in the North Sea and the Gulf of Mexico.”

Leading companies featured in the report who are developing Offshore Oil & Gas Decommissioning facilities include Apache Corporation, BP, Canadian Natural Resources (CNR), Chevron Corporation, ConocoPhillips, Eni, ExxonMobil Corporation, Petronas, PTTEP Australasia, Royal Dutch Shell, Statoil &Total S.A.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongainglobal.com or call her on +44 (0) 207 336 6100

About visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

Recent News

“Global Zero Liquid Discharge market set to grow to $721m in 2019 as governments seek to reduce waste and pollution in efforts to reduce the environmental impact of many industrial processes”

The global interest in zero liquid discharge is likely to increase over the coming decades and regulations will force companies to continue adopting this technology.

16 August 2019

Read

“Carbon Capture & Storage (CCS) market expected to continue growing amid climate change fears” says Visiongain report

So far, little has actually been achieved in terms of carbon emissions reductions. Some investment by various countries into low net carbon energy sources (wind, solar) has actually increased their total carbon emissions (most notably Germany).

13 August 2019

Read

“Pipeline Leak Detection market of the oil and gas industry market worth $2.8 billion in 2019” says new 158 page Visiongain report

The report contains 116 tables, charts and graphs that add visual analysis in order to explain evolving trends within the Pipeline Leak Detection market.

06 August 2019

Read

“The LATAM Small Scale Liquefied Natural Gas (LNG) market will see a capital expenditure (capex) of $1,002mn in 2019 as the region develops and begin to take advantage of their assets”

he Latin American region for small-scale LNG is likely to see large developments over the coming decade as many of the countries in the region begin to grow their oil and gas industry.

31 July 2019

Read

Kelloggs
3m
Thales
Shell
TEVA
Lockheed-Martin
Pfizer
Raytheon
Halliburton
Du-Pont
Honeywell
Daimler
BASF
Bayer
BP
BAE-Systems
Unilever