Offshore Decommissioning Industry Offshore Decommissioning Industry | Page 2

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Based on depth, market could span Shallow and Deepwater. The “Shallow Water” segment led the market in
2016 and will continue to lead in the forecast period. The key factors that may be attributed to the growth of
the market include less expensive than Deepwater. The market could be explored based on structure as
topsides, other infrastructure. The market could be explored based on removal as Leave in Place, Complete and
Partial.
Europe accounted for the major share of the market in 2017 and will continue to lead in the forecast period.
The factors that could be attributed to the growth include growing oilfields and high expenditure in the North
Sea and the UK. The ceasing of foremost oilfields and outstanding governing framework is confirming high pace
of offshore decommissioning market in Europe. Europe is followed by North American and Asia-Pacific region
owing to maturing oilfields in the Gulf of Mexico with the huge number of platforms decommissioning every
year. Furthermore, Asia-Pacific is anticipated to show significant growth rate due to the surge of aging oilfields.
Some of the key players that fuel the growth of the offshore decommissioning market comprise Aker Solutions,
Petrofac Limited, AF Gruppen, TechnipFMC plc., Deep ocean Group Holding B.V., Ramboll Group, Allseas, Amec
Foster Wheeler, PLC., DNV GL AS, and Claxton Engineering Services, Ltd. The leading companies are taking up
partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
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