Offshore Decommissioning Market by Type, Service, and Geography - Forecast and Analysis 2023-2027

Published: Jan 2023

Pages: 175

SKU: IRTNTR44314

Snapshot

The offshore decommissioning market is estimated to grow at a CAGR of 7.32% between 2022 and 2027. The size of the market is forecast to increase by USD 2,565.2 million. The growth of the market depends on several factors, including maturing oil and gas fields and aging platforms, strong regulation for offshore decommissioning activities, and the high potential of offshore marginal fields.

This report extensively covers market segmentation by type (shallow water and deepwater), service (well plugging and abandonment, platform removal, permitting and regulatory compliance, platform preparation, and others), and geography (Europe, North America, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report consists of historic market data from 2017 to 2021.

What will be the size of the Offshore Decommissioning Market During the Forecast Period?

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Parent Market Analysis

Technavio categorizes the global offshore decommissioning market as a part of the global oil field equipment and services within the global oil and gas market. The global oilfield equipment and services market covers products and companies engaged in upstream exploration and production (E&P) operations, production of equipment, or service contracts, and is an important manufacturing sector that caters to the needs of the oil and gas upstream sector. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Offshore Decommissioning Market: Key Drivers, Trends, Challenges, and Customer Landscape

The maturing oil and gas fields and aging platforms are notably driving the market growth, although factors such as the high cost associated with offshore decommissioning projects may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Offshore Decommissioning Market Driver

The maturing oil and gas fields and aging platforms are notably driving market growth. The need for decommissioning an oil field is majorly due to a decline in the production of crude oil or natural gas from the producing well. When the production reduces to the level where the operating cost involved in running the offshore facility is high, and the revenue generated by selling the crude oil is low, the oil well becomes a liability for the oil company as it is no more economically feasible to continue with the operations. The decline in the prices of crude oil will increase the requirement of well decommissioning by abandoning the mature wells. In such a scenario, the offshore facility is required to be decommissioned by plugging and abandoning the well.

Mature oil and gas fields account for around two-thirds of global oil and gas production. Current challenges faced by oil and gas operators are in increasing the returns on existing assets as they need to mitigate the challenge due to the decline in new and major findings of oil and gas reserves. Increasing the hydrocarbon recovery from mature fields involves extending the life of the well through secondary and tertiary recovery methods. However, when the production is low despite the use of enhanced oil recovery (EOR) techniques, it becomes crucial to decommission as the profits from the well deteriorates. Moreover, several aging oil and gas offshore facilities, including the offshore platform, subsea wells, and other related assets, are increasing at a steady rate and are required to be decommissioned during the forecast period. Hence, such factors are likely to boost market growth during the forecast period.

Significant Offshore Decommissioning Market Trend

The advances in post-abandonment monitoring systems and the use of single lifts in decommissioning are emerging trends in the market. The oil and gas industry has been facing difficulties in demonstrating and guaranteeing safe well abandonment and in meeting the monitoring requirements set by environmental regulators. In November 2018, the ShaleSafe consortium initially developed ShaleSafe, a multi-sensor survey system, to alert shale gas operators to contamination risks. The technology since has been used for monitoring abandoned wells. When the system is deployed into shale gas wells, it monitors key parameters multiple times a day to notify shale gas operators whenever the presence of any gas or other unexpected chemical is detected. In addition to working in shale gas aquifers, the technology also helps monitor onshore wells that have been abandoned. Therefore, the advances in post-abandonment monitoring technologies will ensure the safety and integrity of well abandonment, which will drive the growth of the market.

Furthermore, transporting platforms to onshore locations has been a significant concern for shallow water contractors that perform well abandonment. Though dismantling the topsides is one of the most common removal methods, it is time-consuming. Using a single lift for platform removal helps contractors save time. It is also a safe and cost-effective method for the removal and transportation of large decommissioned offshore platform jackets to the shore without any requirement for flat-top barges or heavy-lift crane vessels. Therefore, these factors will boost the global market growth during the forecast period.

Major Offshore Decommissioning Market Challenge

The high cost associated with offshore decommissioning projects is a major challenge impeding market growth. A mature or aging well is like a non-performing asset that produces little or no profits. This is majorly when the operating cost exceeds the revenue generated from producing crude oil or natural gas. As per the OSPAR Convention, the final responsibility regarding the equipment used during offshore operations is with the owner of the offshore oil or gas well. The weight of the materials that need to be removed is one of the major factors on which the cost of the project depends. The high costs associated with offshore decommissioning hinder the growth of the market.

To ensure maximum reduction in the operational cost associated while decommissioning an oil field, the major focus should be on disconnection and removal as they account for the majority of the project cost. The exact determination of decommissioning costs is difficult to calculate due to several fluctuations, such as a material change in condition, estimated risks, market volatility, loss of key personnel, industry experience, supply chain inflation, information management systems, and technical data. Additionally, communication between the industry and the government is crucial, along with regular consultation with other relevant stakeholders. Therefore, the high cost associated with offshore decommissioning projects is likely to challenge the growth of the market during the forecast period.

Key Offshore Decommissioning Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Offshore Decommissioning Market Customer Landscape

Who are the Major Offshore Decommissioning Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

DNV Group AS - The company operates under one segment. The company under this segment offers supply chain, data management, technical assurance, software, and advisory services. The key offerings of the company include offshore decommissioning services.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Offshore Decommissioning Market?

The market share growth by the shallow water segment will be significant during the forecast period. Traditionally, shallow water was classified as being between 300 and 400 feet (91 and 121 meters) deep, but presently, anything less than 1000 feet (305 meters) is considered shallow water. Jackup rigs, submersibles, and drill barges are used in the shallow water portion.

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The shallow water segment was valued at USD 4,368.10 million in 2017 and continued to grow until 2021. The most popular rig created and utilized for shallow water is the jack-up rig. The choice of a jack-up rig would depend on factors such as the rig's age, specs, location, and possible weather conditions. Furthermore, due to the need for its structure to rest on the seabed, submersibles are employed in shallow water. Their buoyancy tanks are drained of water and filled with air before being transferred, making them float and allowing tugboats to pull them. Only very shallow water can be employed for submersible rig operations. For extremely shallow water, drill barges are another choice. They are towed along by a tugboat and lack the clearance above the ocean's surface to endure severe storms. Only extremely safe environments, such as inland lakes, will be appropriate for the usage of a drill barge. Therefore, such factors are expected to drive the growth of the shallow water segment of the global market during the forecast period.

Which are the Key Regions for the Offshore Decommissioning Market?

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Europe is estimated to contribute 55% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

In 2022, the key countries contributing to the market in Europe were the UK, Norway, and Denmark. Decommissioning opportunities in Europe are extensive owing to the increasing number of mature offshore infrastructures in the basins of the North Sea and the stringent regulatory environment in major oil and gas-producing countries of the region, such as the UK and Norway.

Moreover, several oil and gas fields are likely to be decommissioned during the forecast period. The vendors in the region are awarded contracts for decommissioning oil and gas fields. For instance, in June 2020, AF Gruppen was awarded a decommissioning contract by Shell UK Ltd for dismantling and recycling the Curlew floating, production, storage, and offloading unit, which operated in the North Sea. Such an increase in the number of contracts for offshore decommissioning activities will drive the growth of the market in the region during the forecast period.

Additionally, the market is driven by alliances between many oil and gas companies. Several oil and gas companies in Europe formed an alliance aimed at creating a UK hub for the North Sea decommissioning. The companies aim to provide an integrated service for oil and gas installation decommissioning as the use of fossil fuels has been declining in the energy industry. Such collaborations are also expected to drive the growth of the market in Europe during the forecast period.

In 2020, the outbreak of COVID-19 negatively impacted the growth of the regional market, as the price of crude oil decreased globally due to a decline in demand. However, the initiation of vaccination drives led to the lifting of lockdown restrictions in the region in 2021. Vendors in the automobile industry resumed their investment and production in the region. In addition, the revival of aviation, construction, railways, and other industries will boost the demand for fuel, which, in turn, will drive the regional market during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and analyzes the latest trends and growth opportunities from 2017 to 2027.

Type Outlook (USD Million, 2017 - 2027)
- Shallow water
- Deepwater

Service Outlook (USD Million, 2017 - 2027)
- Well-plugging and abandonment
- Platform removal
- Permitting and regulatory compliance
- Platform preparation
- Others

Region Outlook (USD Million, 2017 - 2027)
- North America
  - The U.S.
  - Canada
- Europe
  - The U.K.
  - Germany
  - France
  - Rest of Europe
- APAC
  - China
  - India
- Middle East & Africa
  - Saudi Arabia
  - South Africa
  - Rest of the Middle East & Africa
- South America
  - Chile
  - Brazil
  - Argentina

Offshore Decommissioning Market Scope
Report Coverage	Details
Page number	175
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 7.32%
Market growth 2023-2027	USD 2,565.2 million
Market structure	Fragmented
YoY growth 2022-2023(%)	6.5
Regional analysis	Europe, North America, APAC, South America, and Middle East and Africa
Performing market contribution	Europe at 55%
Key countries	US, China, UK, Germany, and Denmark
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	Able UK Ltd., AF Gruppen Norge AS, Aker Solutions ASA, Baker Hughes Co., DeepOcean Group Holding BV, DNV Group AS, Halliburton Co., Heerema International Group, John Wood Group PLC, Oceaneering International Inc., Perenco, Petrofac Ltd., Ramboll Group AS, Royal Boskalis Westminster N.V., SAIPEM SpA, Schlumberger Ltd., Subsea 7 SA, TechnipFMC plc, Weatherford International Plc, and Allseas Group SA
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Offshore Decommissioning Market Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the offshore decommissioning market between 2023 and 2027
Precise estimation of the offshore decommissioning market size and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the industry across Europe, North America, APAC, South America, and Middle East and Africa
A thorough analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of offshore decommissioning market vendors

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Service
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global offshore decommissioning market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on Global offshore decommissioning market 2017 - 2021 ($ million)

4.2 Type Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)

4.3 Service Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Service Segment 2017 - 2021 ($ million)

4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

6.1 Market segments
- Exhibit 30: Chart on Type - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

6.2 Comparison by Type
- Exhibit 32: Chart on Comparison by Type
- Exhibit 33: Data Table on Comparison by Type

6.3 Shallow water - Market size and forecast 2022-2027
- Exhibit 34: Chart on Shallow water - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Shallow water - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Shallow water - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Shallow water - Year-over-year growth 2022-2027 (%)

6.4 Deepwater - Market size and forecast 2022-2027
- Exhibit 38: Chart on Deepwater - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Deepwater - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Deepwater - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Deepwater - Year-over-year growth 2022-2027 (%)

6.5 Market opportunity by Type
- Exhibit 42: Market opportunity by Type ($ million)

7 Market Segmentation by Service

7.1 Market segments
- Exhibit 43: Chart on Service - Market share 2022-2027 (%)
- Exhibit 44: Data Table on Service - Market share 2022-2027 (%)

7.2 Comparison by Service
- Exhibit 45: Chart on Comparison by Service
- Exhibit 46: Data Table on Comparison by Service

7.3 Well plugging and abandonment - Market size and forecast 2022-2027
- Exhibit 47: Chart on Well plugging and abandonment - Market size and forecast 2022-2027 ($ million)
- Exhibit 48: Data Table on Well plugging and abandonment - Market size and forecast 2022-2027 ($ million)
- Exhibit 49: Chart on Well plugging and abandonment - Year-over-year growth 2022-2027 (%)
- Exhibit 50: Data Table on Well plugging and abandonment - Year-over-year growth 2022-2027 (%)

7.4 Platform removal - Market size and forecast 2022-2027
- Exhibit 51: Chart on Platform removal - Market size and forecast 2022-2027 ($ million)
- Exhibit 52: Data Table on Platform removal - Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Chart on Platform removal - Year-over-year growth 2022-2027 (%)
- Exhibit 54: Data Table on Platform removal - Year-over-year growth 2022-2027 (%)

7.5 Permitting and regulatory compliance - Market size and forecast 2022-2027
- Exhibit 55: Chart on Permitting and regulatory compliance - Market size and forecast 2022-2027 ($ million)
- Exhibit 56: Data Table on Permitting and regulatory compliance - Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Chart on Permitting and regulatory compliance - Year-over-year growth 2022-2027 (%)
- Exhibit 58: Data Table on Permitting and regulatory compliance - Year-over-year growth 2022-2027 (%)

7.6 Platform preparation - Market size and forecast 2022-2027
- Exhibit 59: Chart on Platform preparation - Market size and forecast 2022-2027 ($ million)
- Exhibit 60: Data Table on Platform preparation - Market size and forecast 2022-2027 ($ million)
- Exhibit 61: Chart on Platform preparation - Year-over-year growth 2022-2027 (%)
- Exhibit 62: Data Table on Platform preparation - Year-over-year growth 2022-2027 (%)

7.7 Others - Market size and forecast 2022-2027
- Exhibit 63: Chart on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 64: Data Table on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 65: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 66: Data Table on Others - Year-over-year growth 2022-2027 (%)

7.8 Market opportunity by Service
- Exhibit 67: Market opportunity by Service ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 69: Chart on Market share by geography 2022-2027 (%)
- Exhibit 70: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison
- Exhibit 71: Chart on Geographic comparison
- Exhibit 72: Data Table on Geographic comparison

9.3 Europe - Market size and forecast 2022-2027
- Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.4 North America - Market size and forecast 2022-2027
- Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.5 APAC - Market size and forecast 2022-2027
- Exhibit 81: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 82: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 83: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 84: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.6 South America - Market size and forecast 2022-2027
- Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.7 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 89: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 90: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 91: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 92: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.8 US - Market size and forecast 2022-2027
- Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)

9.9 UK - Market size and forecast 2022-2027
- Exhibit 97: Chart on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 98: Data Table on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 99: Chart on UK - Year-over-year growth 2022-2027 (%)
- Exhibit 100: Data Table on UK - Year-over-year growth 2022-2027 (%)

9.10 Germany - Market size and forecast 2022-2027
- Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.11 Denmark - Market size and forecast 2022-2027
- Exhibit 105: Chart on Denmark - Market size and forecast 2022-2027 ($ million)
- Exhibit 106: Data Table on Denmark - Market size and forecast 2022-2027 ($ million)
- Exhibit 107: Chart on Denmark - Year-over-year growth 2022-2027 (%)
- Exhibit 108: Data Table on Denmark - Year-over-year growth 2022-2027 (%)

9.12 China - Market size and forecast 2022-2027
- Exhibit 109: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 110: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 111: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 112: Data Table on China - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography
- Exhibit 113: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 114: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 115: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 116: Overview on factors of disruption

11.4 Industry risks
- Exhibit 117: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 118: Vendors covered

12.2 Market positioning of vendors
- Exhibit 119: Matrix on vendor position and classification

12.3 AF Gruppen Norge AS
- Exhibit 120: AF Gruppen Norge AS - Overview
- Exhibit 121: AF Gruppen Norge AS - Business segments
- Exhibit 122: AF Gruppen Norge AS - Key offerings
- Exhibit 123: AF Gruppen Norge AS - Segment focus

12.4 Aker Solutions ASA
- Exhibit 124: Aker Solutions ASA - Overview
- Exhibit 125: Aker Solutions ASA - Business segments
- Exhibit 126: Aker Solutions ASA - Key news
- Exhibit 127: Aker Solutions ASA - Key offerings
- Exhibit 128: Aker Solutions ASA - Segment focus

12.5 Baker Hughes Co.
- Exhibit 129: Baker Hughes Co. - Overview
- Exhibit 130: Baker Hughes Co. - Business segments
- Exhibit 131: Baker Hughes Co. - Key news
- Exhibit 132: Baker Hughes Co. - Key offerings
- Exhibit 133: Baker Hughes Co. - Segment focus

12.6 DeepOcean Group Holding BV
- Exhibit 134: DeepOcean Group Holding BV - Overview
- Exhibit 135: DeepOcean Group Holding BV - Product / Service
- Exhibit 136: DeepOcean Group Holding BV - Key offerings

12.7 Halliburton Co.
- Exhibit 137: Halliburton Co. - Overview
- Exhibit 138: Halliburton Co. - Business segments
- Exhibit 139: Halliburton Co. - Key news
- Exhibit 140: Halliburton Co. - Key offerings
- Exhibit 141: Halliburton Co. - Segment focus

12.8 Heerema International Group
- Exhibit 142: Heerema International Group - Overview
- Exhibit 143: Heerema International Group - Product / Service
- Exhibit 144: Heerema International Group - Key offerings

12.9 John Wood Group PLC
- Exhibit 145: John Wood Group PLC - Overview
- Exhibit 146: John Wood Group PLC - Business segments
- Exhibit 147: John Wood Group PLC - Key offerings
- Exhibit 148: John Wood Group PLC - Segment focus

12.10 Oceaneering International Inc.
- Exhibit 149: Oceaneering International Inc. - Overview
- Exhibit 150: Oceaneering International Inc. - Business segments
- Exhibit 151: Oceaneering International Inc. - Key offerings
- Exhibit 152: Oceaneering International Inc. - Segment focus

12.11 Petrofac Ltd.
- Exhibit 153: Petrofac Ltd. - Overview
- Exhibit 154: Petrofac Ltd. - Business segments
- Exhibit 155: Petrofac Ltd. - Key offerings
- Exhibit 156: Petrofac Ltd. - Segment focus

12.12 Ramboll Group AS
- Exhibit 157: Ramboll Group AS - Overview
- Exhibit 158: Ramboll Group AS - Business segments
- Exhibit 159: Ramboll Group AS - Key offerings
- Exhibit 160: Ramboll Group AS - Segment focus

12.13 Royal Boskalis Westminster N.V.
- Exhibit 161: Royal Boskalis Westminster N.V. - Overview
- Exhibit 162: Royal Boskalis Westminster N.V. - Business segments
- Exhibit 163: Royal Boskalis Westminster N.V. - Key offerings
- Exhibit 164: Royal Boskalis Westminster N.V. - Segment focus

12.14 Schlumberger Ltd.
- Exhibit 165: Schlumberger Ltd. - Overview
- Exhibit 166: Schlumberger Ltd. - Business segments
- Exhibit 167: Schlumberger Ltd. - Key news
- Exhibit 168: Schlumberger Ltd. - Key offerings
- Exhibit 169: Schlumberger Ltd. - Segment focus

12.15 Subsea 7 SA
- Exhibit 170: Subsea 7 SA - Overview
- Exhibit 171: Subsea 7 SA - Business segments
- Exhibit 172: Subsea 7 SA - Key offerings
- Exhibit 173: Subsea 7 SA - Segment focus

12.16 TechnipFMC plc
- Exhibit 174: TechnipFMC plc - Overview
- Exhibit 175: TechnipFMC plc - Business segments
- Exhibit 176: TechnipFMC plc - Key news
- Exhibit 177: TechnipFMC plc - Key offerings
- Exhibit 178: TechnipFMC plc - Segment focus

12.17 Weatherford International Plc
- Exhibit 179: Weatherford International Plc - Overview
- Exhibit 180: Weatherford International Plc - Business segments
- Exhibit 181: Weatherford International Plc - Key news
- Exhibit 182: Weatherford International Plc - Key offerings
- Exhibit 183: Weatherford International Plc - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 184: Inclusions checklist
- Exhibit 185: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 186: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 187: Research methodology
- Exhibit 188: Validation techniques employed for market sizing
- Exhibit 189: Information sources

13.5 List of abbreviations
- Exhibit 190: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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Covid-19 impact and recovery analysis
Data on revenue-generating market segments
Details on the market shares of various regions
Five-force market analysis