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Report Scope & Overview:

The Offshore Decommissioning Market size was valued at USD 5.5 billion in 2022 and is expected to grow to USD 9.8 billion by 2030 and grow at a CAGR of 7.5 % over the forecast period of 2023-2030.

Decommissioning is the process of promptly, safely, and satisfactorily removing or otherwise dealing with offshore infrastructure that was once utilised to support oil and gas activities. An offshore petroleum project will eventually need to decommission, which should be planned for from the beginning and matured during the course of operations. The potential and difficulties of decommissioning offshore oil and gas infrastructure when it is no longer necessary can be handled in a variety of ways. However, the Australian government and NOPSEMA are completely committed to making sure decommissioning is carried out in a timely, safe, and ecologically friendly manner regardless of the procedure a responsible manner.

Offshore Decommissioning Market Revenue Analysis

Many operators decide to utilise parts of their offshore facilities due to the expense of decommissioning a platform. Operators must consider variables such the purpose of usage, a parameter, and wear and tear. Choose between reusing a platform as a whole or specific components. These components include, for instance, wellheads and production manifolds. Whether or not the structure has experienced corrosion is a key factor in this choice. In "Decommissioning Offshore Structures," Gorman and Neilson researched and reported on this potential for reuse as well as the other proposals listed.

MARKET DYNAMICS

KEY DRIVERS:  

  • The price of crude oil is falling, and there are more and more oil and gas fields that are getting older.

  • Increasing abandoned wells and huge, mature offshore oilfields.

When a well's useful life is up, it needs to be fully sealed up and abandoned. A number of cement plugs are inserted into the wellbore during such plug and abandoned (P&A) operations to separate the reservoir and other fluid-bearing formations. The quantity of wells that must be permanently sealed up and abandoned, particularly in developed, offshore regions.

RESTRAIN:

  • High Cost

  • Risk Involved

OPPORTUNITY: 

  • Obsolete offshore infrastructure

CHALLENGES:

  • Recent downturn in price of oil

  • Increasing technology use to boost output from established fields

An oilfield produces crude oil or gas during its primary lifespan under the pressure of a natural reservoir. EOR can boost production and stop older fields from deteriorating.

IMPACT ANALYSIS

IMPACT OF RUSSIAN UKRAINE WAR

The EU's top supplier of oil, natural gas, and solid fossil fuels essential elements of the continent's energy mix prior to its invasion of Ukraine was Russia. Russian economy grew at a second-largest exporter of crude oil, bringing in $123 billion for the country's economy. In spite of this, several European nations levied further sanctions against Russia in response to the invasion of Ukraine has endangered these people. The goal of the sanctions imposed by the West was to obstruct Russian industrial production and economic influence in a variety of industries. Economic sanctions were put in place to punish Russia harshly for its behaviour and to make it more difficult for it to carry out future hostilities. Individuals who supported, funded, or carried out acts were the object of punishment.

KEY MARKET SEGMENTS

By Service Type

  • Project management, engineering & planning

  • Permitting & regulatory compliance

  • Platform preparation

  • Well plugging & abandonment

  • Conductor removal

  • Mobilization & demobilization of derrick barges

  • Platform removal

  • Pipeline & power cable decommissioning

  • Materials disposal

  • Site clearance

By Removal

  • Leave in place

  • Partial

  • Complete

By Depth

  • Shallow water

  •  Deepwater

By Structure

  • Topside

  • Substructure

  • Subsea infrastructure

Offshore Decommissioning Market Segmentation Analysis

REGIONAL ANALYSIS

Europe held the greatest market share for offshore decommissioning globally in 2021. The existence of mature oil and gas fields is a primary driver of the Europe offshore decommissioning sector. Furthermore, strict government regulations in European countries enabled market participants to conduct decommissioning operations safely and effectively, which has fuelled the offshore decommissioning market in this area. To effectively complete the decommissioning of their oil fields, a number of market participants have taken actions including launching new products and negotiating contracts.

REGIONAL COVERAGE:

North America

  • US

  • Canada

  • Mexico

Europe

  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America

RECENT DEVELOPMENT

  • One of the largest topside removal projects has been underway since May 2021 thanks to Heerema Marine Contractors and AF Offshore Decom. initiatives of this nature on behalf of TAQA in the North Sea. As a late-life asset operator in the UK, TAA and its partners' Brae Bravo removal campaign is the company's first significant asset removal operation. Safety and environmental impact standards are central to the project.

  • Aker Solutions and Heerema Marine Contractors inked a contract in March 2021 for the decommissioning of the offshore Norwegian fields of Heimdal and Vesleffikk. Three offshore facilities from the Heimdal and Veslefrikk fields are included in the scope, along with their receiving, deconstruction, and recycling.

  • A contract for the offshore development of the North Field Production sustainability project was given to Saipem by Qatargas in February 2021. The engineering, procurement, building, and installation of numerous offshore facilities are all included in the scope.

KEY PLAYERS 

‘Heerema Marine Contractors (The Netherlands), Royal Boskalis Westminster N.V. (The Netherlands), Petrofac (Jersey), Oceaneering International (US), Baker Hughes Company (US), Halliburton (US), and Schlumberger (US), Saipem (Italy), DNV GL (Norway), DeepOcean Group (Norway), and other players are listed in a final report.

Royal Boskalis Westminster N.V.-Company Financial Analysis

Offshore Decommissioning Market Report Scope:
Report Attributes Details
Market Size in 2022  US$ 5.5 Bn
Market Size by 2030  US$ 9.8 Bn
CAGR   CAGR of 7.5 % From 2023 to 2030
Base Year 2022
Forecast Period  2023-2030
Historical Data  2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Service Type (Project management, engineering & planning, Permitting & regulatory compliance, Platform preparation, Well plugging & abandonment, Conductor removal, Mobilization & demobilization of derrick barges, Platform removal, Pipeline & power cable decommissioning, Materials disposal, Site clearance)
• By Removal (Leave in place, Partial, Complete)
• By Depth (Shallow water, Deepwater)
• By Structure (Topside, Substructure, Subsea infrastructure)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)
Company Profiles Heerema Marine Contractors (The Netherlands), Royal Boskalis Westminster N.V. (The Netherlands), Petrofac (Jersey), Oceaneering International (US), Baker Hughes Company (US), Halliburton (US), and Schlumberger (US), Saipem (Italy), DNV GL (Norway), DeepOcean Group (Norway)
Key Drivers • The price of crude oil is falling, and there are more and more oil and gas fields that are getting older.
• Increasing abandoned wells and huge, mature offshore oilfields.
Market Restraints • High Cost
• Risk Involved

 

Frequently Asked Questions

Ans: Offshore Decommissioning Market is anticipated to expand by 7.5 % from 2023 to 2030.

Ans: USD 9.8 billion is expected to grow by 2030.

Ans: Offshore Decommissioning Market size was valued at USD 5.5 billion in 2022.

Ans: Europe held the greatest market share for the Offshore Decommissioning Market.

Ans: Recent downturn in price of oil and Increasing technology use to boost output from established fields.

TABLE OF CONTENT

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis
4.1 Impact of the Ukraine- Russia war
4.2 Impact of ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Offshore Decommissioning Market Segmentation, By Service Type
8.1Project management, engineering & planning
8.2Permitting & regulatory compliance
8.3Platform preparation
8.4Well plugging & abandonment
8.5Conductor removal
8.6Mobilization & demobilization of derrick barges
8.7Platform removal
8.8Pipeline & power cable decommissioning
8.9Materials disposal
8.10Site clearance

9. Offshore Decommissioning Market Segmentation, By Removal
9.1Leave in place
9.2Partial
9.3Complete

10. Offshore Decommissioning Market Segmentation, By Depth
10.1Shallow water
10.2 Deepwater

11. Offshore Decommissioning Market Segmentation, By Structure
11.1Topside
11.2Substructure
11.3Subsea infrastructure

12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 North America Offshore Decommissioning Market by Country
12.2.2North America Offshore Decommissioning Market by Service Type
12.2.3 North America Offshore Decommissioning Market by Removal
12.2.4 North America Offshore Decommissioning Market by Depth
12.2.5 North America Offshore Decommissioning Market by Structure
12.2.6 USA
12.2.6.1 USA Offshore Decommissioning Market by Service Type
12.2.6.2 USA Offshore Decommissioning Market by Removal
12.2.6.3 USA Offshore Decommissioning Market by Depth
12.2.6.4 USA Offshore Decommissioning Market by Structure
12.2.7 Canada
12.2.7.1 Canada Offshore Decommissioning Market by Service Type
12.2.7.2 Canada Offshore Decommissioning Market by Removal
12.2.7.3 Canada Offshore Decommissioning Market by Depth
12.2.7.4 Canada Offshore Decommissioning Market by Structure
12.2.8 Mexico
12.2.8.1 Mexico Offshore Decommissioning Market by Service Type
12.2.8.2 Mexico Offshore Decommissioning Market by Removal
12.2.8.3 Mexico Offshore Decommissioning Market by Depth
12.2.8.4 Mexico Offshore Decommissioning Market by Structure
12.3 Europe
12.3.1 Eastern Europe
12.3.1.1 Eastern Europe Offshore Decommissioning Market by Country
12.3.1.2 Eastern Europe Offshore Decommissioning Market by Service Type
12.3.1.3 Eastern Europe Offshore Decommissioning Market by Removal
12.3.1.4 Eastern Europe Offshore Decommissioning Market by Depth
12.3.1.5 Eastern Europe Offshore Decommissioning Market by Structure
12.3.1.6 Poland
12.3.1.6.1 Poland Offshore Decommissioning Market by Service Type
12.3.1.6.2 Poland Offshore Decommissioning Market by Removal
12.3.1.6.3 Poland Offshore Decommissioning Market by Depth
12.3.1.6.4 Poland Offshore Decommissioning Market by Structure
12.3.1.7 Romania
12.3.1.7.1 Romania Offshore Decommissioning Market by Service Type
12.3.1.7.2 Romania Offshore Decommissioning Market by Removal
12.3.1.7.3 Romania Offshore Decommissioning Market by Depth
12.3.1.7.4 Romania Offshore Decommissioning Market by Structure
12.3.1.8 Hungary
12.3.1.8.1 Hungary Offshore Decommissioning Market by Service Type
12.3.1.8.2 Hungary Offshore Decommissioning Market by Removal
12.3.1.8.3 Hungary Offshore Decommissioning Market by Depth
12.3.1.8.4 Hungary Offshore Decommissioning Market by Structure
12.3.1.9 Turkey
12.3.1.9.1 Turkey Offshore Decommissioning Market by Service Type
12.3.1.9.2 Turkey Offshore Decommissioning Market by Removal
12.3.1.9.3 Turkey Offshore Decommissioning Market by Depth
12.3.1.9.4 Turkey Offshore Decommissioning Market by Structure
12.3.1.10 Rest of Eastern Europe
12.3.1.10.1 Rest of Eastern Europe Offshore Decommissioning Market by Service Type
12.3.1.10.2 Rest of Eastern Europe Offshore Decommissioning Market by Removal
12.3.1.10.3 Rest of Eastern Europe Offshore Decommissioning Market by Depth
12.3.1.10.4 Rest of Eastern Europe Offshore Decommissioning Market by Structure
12.3.2 Western Europe
12.3.2.1 Western Europe Offshore Decommissioning Market by Country
12.3.2.2 Western Europe Offshore Decommissioning Market by Service Type
12.3.2.3 Western Europe Offshore Decommissioning Market by Removal
12.3.2.4 Western Europe Offshore Decommissioning Market by Depth
12.3.2.5 Western Europe Offshore Decommissioning Market by Structure
12.3.2.6 Germany
12.3.2.6.1 Germany Offshore Decommissioning Market by Service Type
12.3.2.6.2 Germany Offshore Decommissioning Market by Removal
12.3.2.6.3 Germany Offshore Decommissioning Market by Depth
12.3.2.6.4 Germany Offshore Decommissioning Market by Structure
12.3.2.7 France
12.3.2.7.1 France Offshore Decommissioning Market by Service Type
12.3.2.7.2 France Offshore Decommissioning Market by Removal
12.3.2.7.3 France Offshore Decommissioning Market by Depth
12.3.2.7.4 France Offshore Decommissioning Market by Structure
12.3.2.8 UK
12.3.2.8.1 UK Offshore Decommissioning Market by Service Type
12.3.2.8.2 UK Offshore Decommissioning Market by Removal
12.3.2.8.3 UK Offshore Decommissioning Market by Depth
12.3.2.8.4 UK Offshore Decommissioning Market by Structure
12.3.2.9 Italy
12.3.2.9.1 Italy Offshore Decommissioning Market by Service Type
12.3.2.9.2 Italy Offshore Decommissioning Market by Removal
12.3.2.9.3 Italy Offshore Decommissioning Market by Depth
12.3.2.9.4 Italy Offshore Decommissioning Market by Structure
12.3.2.10 Spain
12.3.2.10.1 Spain Offshore Decommissioning Market by Service Type
12.3.2.10.2 Spain Offshore Decommissioning Market by Removal
12.3.2.10.3 Spain Offshore Decommissioning Market by Depth
12.3.2.10.4 Spain Offshore Decommissioning Market by Structure
12.3.2.11 Netherlands
12.3.2.11.1 Netherlands Offshore Decommissioning Market by Service Type
12.3.2.11.2 Netherlands Offshore Decommissioning Market by Removal
12.3.2.11.3 Netherlands Offshore Decommissioning Market by Depth
12.3.2.11.4 Netherlands Offshore Decommissioning Market by Structure
12.3.2.12 Switzerland
12.3.2.12.1 Switzerland Offshore Decommissioning Market by Service Type
12.3.2.12.2 Switzerland Offshore Decommissioning Market by Removal
12.3.2.12.3 Switzerland Offshore Decommissioning Market by Depth
12.3.2.12.4 Switzerland Offshore Decommissioning Market by Structure
12.3.2.13 Austria
12.3.2.13.1 Austria Offshore Decommissioning Market by Service Type
12.3.2.13.2 Austria Offshore Decommissioning Market by Removal
12.3.2.13.3 Austria Offshore Decommissioning Market by Depth
12.3.2.13.4 Austria Offshore Decommissioning Market by Structure
12.3.2.14 Rest of Western Europe
12.3.2.14.1 Rest of Western Europe Offshore Decommissioning Market by Service Type
12.3.2.14.2 Rest of Western Europe Offshore Decommissioning Market by Removal
12.3.2.14.3 Rest of Western Europe Offshore Decommissioning Market by Depth
12.3.2.14.4 Rest of Western Europe Offshore Decommissioning Market by Structure
12.4 Asia-Pacific
12.4.1 Asia Pacific Offshore Decommissioning Market by Country
12.4.2 Asia Pacific Offshore Decommissioning Market by Service Type
12.4.3 Asia Pacific Offshore Decommissioning Market by Removal
12.4.4 Asia Pacific Offshore Decommissioning Market by Depth
12.4.5 Asia Pacific Offshore Decommissioning Market by Structure
12.4.6 China
12.4.6.1 China Offshore Decommissioning Market by Service Type
12.4.6.2 China Offshore Decommissioning Market by Removal
12.4.6.3 China Offshore Decommissioning Market by Depth
12.4.6.4 China Offshore Decommissioning Market by Structure
12.4.7 India
12.4.7.1 India Offshore Decommissioning Market by Service Type
12.4.7.2 India Offshore Decommissioning Market by Removal
12.4.7.3 India Offshore Decommissioning Market by Depth
12.4.7.4 India Offshore Decommissioning Market by Structure
12.4.8 Japan
12.4.8.1 Japan Offshore Decommissioning Market by Service Type
12.4.8.2 Japan Offshore Decommissioning Market by Removal
12.4.8.3 Japan Offshore Decommissioning Market by Depth
12.4.8.4 Japan Offshore Decommissioning Market by Structure
12.4.9 South Korea
12.4.9.1 South Korea Offshore Decommissioning Market by Service Type
12.4.9.2 South Korea Offshore Decommissioning Market by Removal
12.4.9.3 South Korea Offshore Decommissioning Market by Depth
12.4.9.4 South Korea Offshore Decommissioning Market by Structure
12.4.10 Vietnam
12.4.10.1 Vietnam Offshore Decommissioning Market by Service Type
12.4.10.2 Vietnam Offshore Decommissioning Market by Removal
12.4.10.3 Vietnam Offshore Decommissioning Market by Depth
12.4.10.4 Vietnam Offshore Decommissioning Market by Structure
12.4.11 Singapore
12.4.11.1 Singapore Offshore Decommissioning Market by Service Type
12.4.11.2 Singapore Offshore Decommissioning Market by Removal
12.4.11.3 Singapore Offshore Decommissioning Market by Depth
12.4.11.4 Singapore Offshore Decommissioning Market by Structure
12.4.12 Australia
12.4.12.1 Australia Offshore Decommissioning Market by Service Type
12.4.12.2 Australia Offshore Decommissioning Market by Removal
12.4.12.3 Australia Offshore Decommissioning Market by Depth
12.4.12.4 Australia Offshore Decommissioning Market by Structure
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Offshore Decommissioning Market by Service Type
12.4.13.2 Rest of Asia-Pacific Offshore Decommissioning Market by Removal
12.4.13.3 Rest of Asia-Pacific Offshore Decommissioning Market by Depth
12.4.13.4 Rest of Asia-Pacific Offshore Decommissioning Market by Structure
12.5 Middle East & Africa
12.5.1 Middle East
12.5.1.1 Middle East Offshore Decommissioning Market by country
12.5.1.2 Middle East Offshore Decommissioning Market by Service Type
12.5.1.3 Middle East Offshore Decommissioning Market by Removal
12.5.1.4 Middle East Offshore Decommissioning Market by Depth
12.5.1.5 Middle East Offshore Decommissioning Market by Structure
12.5.1.6 UAE
12.5.1.6.1 UAE Offshore Decommissioning Market by Service Type
12.5.1.6.2 UAE Offshore Decommissioning Market by Removal
12.5.1.6.3 UAE Offshore Decommissioning Market by Depth
12.5.1.6.4 UAE Offshore Decommissioning Market by Structure
12.5.1.7 Egypt
12.5.1.7.1 Egypt Offshore Decommissioning Market by Service Type
12.5.1.7.2 Egypt Offshore Decommissioning Market by Removal
12.5.1.7.3 Egypt Offshore Decommissioning Market by Depth
12.5.1.7.4 Egypt Offshore Decommissioning Market by Structure
12.5.1.8 Saudi Arabia
12.5.1.8.1 Saudi Arabia Offshore Decommissioning Market by Service Type
12.5.1.8.2 Saudi Arabia Offshore Decommissioning Market by Removal
12.5.1.8.3 Saudi Arabia Offshore Decommissioning Market by Depth
12.5.1.8.4 Saudi Arabia Offshore Decommissioning Market by Structure
12.5.1.9 Qatar
12.5.1.9.1 Qatar Offshore Decommissioning Market by Service Type
12.5.1.9.2 Qatar Offshore Decommissioning Market by Removal
12.5.1.9.3 Qatar Offshore Decommissioning Market by Depth
12.5.1.9.4 Qatar Offshore Decommissioning Market by Structure
12.5.1.10 Rest of Middle East
12.5.1.10.1 Rest of Middle East Offshore Decommissioning Market by Service Type
12.5.1.10.2 Rest of Middle East Offshore Decommissioning Market by Removal
12.5.1.10.3 Rest of Middle East Offshore Decommissioning Market by Depth
12.5.1.10.4 Rest of Middle East Offshore Decommissioning Market by Structure
12.5.2. Africa
12.5.2.1 Africa Offshore Decommissioning Market by country
12.5.2.2 Africa Offshore Decommissioning Market by Service Type
12.5.2.3 Africa Offshore Decommissioning Market by Removal
12.5.2.4 Africa Offshore Decommissioning Market by Depth
12.5.2.5 Africa Offshore Decommissioning Market by Structure
12.5.2.6 Nigeria
12.5.2.6.1 Nigeria Offshore Decommissioning Market by Service Type
12.5.2.6.2 Nigeria Offshore Decommissioning Market by Removal
12.5.2.6.3 Nigeria Offshore Decommissioning Market by Depth
12.5.2.6.4 Nigeria Offshore Decommissioning Market by Structure
12.5.2.7 South Africa
12.5.2.7.1 South Africa Offshore Decommissioning Market by Service Type
12.5.2.7.2 South Africa Offshore Decommissioning Market by Removal
12.5.2.7.3 South Africa Offshore Decommissioning Market by Depth
12.5.2.7.4 South Africa Offshore Decommissioning Market by Structure
12.5.2.8 Rest of Africa
12.5.2.8.1 Rest of Africa Offshore Decommissioning Market by Service Type
12.5.2.8.2 Rest of Africa Offshore Decommissioning Market by Removal
12.5.2.8.3 Rest of Africa Offshore Decommissioning Market by Depth
12.5.2.8.4 Rest of Africa Offshore Decommissioning Market by Structure
12.6. Latin America
12.6.1 Latin America Offshore Decommissioning Market by country
12.6.2 Latin America Offshore Decommissioning Market by Service Type
12.6.3 Latin America Offshore Decommissioning Market by Removal
12.6.4 Latin America Offshore Decommissioning Market by Depth
12.6.5 Latin America Offshore Decommissioning Market by Structure
12.6.6 Brazil
12.6.6.1 Brazil Offshore Decommissioning Market by Service Type
12.6.6.2 Brazil Offshore Decommissioning Market by Removal
12.6.6.3 Brazil Offshore Decommissioning Market by Depth
12.6.6.4 Brazil Offshore Decommissioning Market by Structure
12.6.7 Argentina
12.6.7.1 Argentina Offshore Decommissioning Market by Service Type
12.6.7.2 Argentina Offshore Decommissioning Market by Removal
12.6.7.3 Argentina Offshore Decommissioning Market by Depth
12.6.7.4 Argentina Offshore Decommissioning Market by Structure
12.6.8 Colombia
12.6.8.1 Colombia Offshore Decommissioning Market by Service Type
12.6.8.2 Colombia Offshore Decommissioning Market by Removal
12.6.8.3 Colombia Offshore Decommissioning Market by Depth
12.6.8.4 Colombia Offshore Decommissioning Market by Structure
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Offshore Decommissioning Market by Service Type
12.6.9.2 Rest of Latin America Offshore Decommissioning Market by Removal
12.6.9.3 Rest of Latin America Offshore Decommissioning Market by Depth
12.6.9.4 Rest of Latin America Offshore Decommissioning Market by Structure

13 Company Profile
13.1 Heerema Marine Contractors (The Netherlands)
13.1.1 Company Overview
13.1.2 Financials
13.1.3 Products/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Royal Boskalis Westminster N.V. (The Netherlands)
13.2.1 Company Overview
13.2.2 Financials
13.2.3 Products/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Petrofac (Jersey)
13.3.1 Company Overview
13.3.2 Financials
13.3.3 Products/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Oceaneering International (US)
13.4 Company Overview
13.4.2 Financials
13.4.3 Products/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Baker Hughes Company (US)
13.5.1 Company Overview
13.5.2 Financials
13.5.3 Products/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Halliburton (US)
13.6.1 Company Overview
13.6.2 Financials
13.6.3 Products/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Schlumberger (US)
13.7.1 Company Overview
13.7.2 Financials
13.7.3 Products/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 DeepOcean Group (Norway),
13.8.1 Company Overview
13.8.2 Financials
13.8.3 Products/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Saipem (Italy)
13.9.1 Company Overview
13.9.2 Financials
13.9.3 Products/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 DNV GL (Norway)
13.10.1 Company Overview
13.10.2 Financials
13.10.3 Products/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View

14. Competitive Landscape
14.1 Competitive Bench marking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions

15. USE Cases and Best Practices

16. Conclusion

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When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.

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