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Oil & Gas Vessel Decommissioning Market: Technological Growth Map with an Impact-Analysis

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Title: Oil & Gas Vessel Decommissioning Market: Technological Growth Map with an Impact-Analysis


1
Oil Gas Vessel Decommissioning Market 
  • - Global Industry Analysis, Size, Share, Growth
    Trends  2014 - 2020

2
About Us
  • Transparency Market Research (TMR) is a market
    intelligence company, providing North America
    business information reports and services. Our
    exclusive blend of quantitative forecasting and
    trends analysis provides forward-looking insight
    for thousands of decision-makers. We have an
    experienced team of Analysts, Researchers, and
    Consultants, who use proprietary data sources and
    various tools and techniques to gather and
    analyze information. Our business offerings
    represent the latest and the most reliable informa
    tion indispensable for businesses to sustain a
    competitive edge.
  • Each TMR Syndicated Research report covers a
    different sectorsuch as pharmaceuticals,
    chemical, energy, food beverages,
    semiconductors, med-devices, consumer goods, and
    technology. These reports provide in-depth
    analysis and deep segmentation to possible micro
    levels. With a wider scope and stratified
    research methodology, our syndicated reports
    strive to serve clients and satisfy their overall
    research requirement.

3
Global Variable Frequency Drives Market
Snapshot 
  • Ship decommissioning usually occurs some years
    after the ship has been commissioned and is a
    means by which a vessel that has become too old
    or too obsolete can be retired from the operating
    fleet.
  • Decommissioning of a vessel may also occur for
    safety reasons (such a ship's nuclear reactor and
    associated parts reaching the end of their
    service life), depending on the type of ship
    being decommissioned.
  • In a limited number of cases a ship may be
    decommissioned if the vessel in question is
    judged to be damaged beyond economical repair.

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4
Oil Gas Vessel Decommissioning Market Trends
  • Recent uptrend in the number of deepwater
    installations, stringent environmental
    regulations imposed by different countries, the
    increase in number of non functional and outdated
    vessels are the major drivers of the oil and gas
    vessel decommissioning market.
  • The associated costs involved in decommissioning
    a vessel and negligence on the part of
    exploration companies act as major restraints for
    the market.
  • Rapid depletion of land based resources has led
    to a rapid shift towards offshore exploration, an
    activity that presents a significant opportunity
    to vessel decommissioning service providers.

5
Oil Gas Vessel Decommissioning
Market Opportunity
  • Regional segmentation of oil and gas vessel
    decommissioning market can be done by identifying
    the major ports where decommissioning is
    primarily performed.
  • Major areas include the offshore areas around
    United States, Canada and Mexico in the Atlantic
    Ocean and Gulf of Mexico and North Sea in
    Northern European region.
  • Offshore areas around China, Indonesia, and
    Malaysia form part of the Asia Pacific region and
    offshore areas around western Africa constitute
    Rest of the World.

6
Some of the prominent players in the vessel
decommissioning market 
  • Wood Group, PSN Limited
  • AMEC, TSB Offshore, Inc.
  • Derrick Services (UK) Ltd.
  • Worley Parsons Ltd

7
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