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Global Well Abandonment Services Market by Application, Type, Product and Geography - Forecast and Analysis 2023-2027

  • Published: Oct 2022
  • Pages: 152
  • SKU: IRTNTR44048
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The well abandonment services market is estimated to grow at a CAGR of 6.37% between 2022 and 2027. The size of the market is forecast to increase by USD 1522.38 million. The growth of the market depends on several factors, including the maturing oil and gas fields, the regulatory requirements for well abandonment, and the rise of renewable energy. 

This report extensively covers market segmentation by application (offshore and onshore), type (permanent and temporary), and geography (APAC, North America, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021. 

What will the Size of the Well Abandonment Services Market be During the Forecast Period?

Well Abandonment Services Market Size

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Parent Market Analysis 

Technavio categorizes the global well abandonment services market as a part of the global oilfield 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 and P) operations, production of equipment or service contracts, and is an important manufacturing sector which 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. 

Well Abandonment Services Market: Key Drivers, Trends, Challenges, and Customer Landscape

The maturing oil and gas fields are notably driving the well abandonment services market growth, although factors such as the high costs associated with well abandonment projects may impede the market growth. Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a decrease in demand for the market during the COVID-19 pandemic, a holistic analysis of drivers will help companies refine marketing strategies to gain a competitive advantage.   

Key Well Abandonment Services Market Driver

Maturing oil and gas fields are a key factor driving the global well abandonment services market growth. The need for the abandonment of oil and gas fields is majorly attributed to the decline in the production of crude oil or natural gas from the producing well when the well reaches the end of its economic life. When oil or gas production declines to a level below the well's operational expenses, and the revenue generated through the sale of the crude oil/natural gas is low, the oil/gas well becomes a liability for operators, as it is no more economically viable to continue with the operations. Oil and gas well decommissioning is performed in different stages, including platform preparation, well plugging and abandonment, conductor removal, mobilization/demobilization, and platform removal. As well abandonment is a part of the well decommissioning process, the increase in the number of aging oil fields is likely to increase well-decommissioning activities, which, in turn, will drive the growth of the global well abandonment services market during the forecast period.

Key Well Abandonment Services Market Trend

Technological advances in well abandonment techniques will fuel the global well abandonment services market growth. Well-decommissioning is an increasingly important activity in the oil and gas industry. Oil and gas companies have invested significantly in technologies that could reduce the time and cost of these essential operations. Operators in the GoM and the North Sea are increasingly focusing on offshore oil and gas well decommissioning due to the increasingly restrictive regulations and the rising associated costs of maintaining and operating aging oil and gas platforms. Moreover, ringless well abandonment is highly cost-effective (as it does not require a rig) and is applicable to a wide range of oil wells. The method complies with most well-abandonment requirements, along with a minimum footprint and quick project delivery. Many new technologies are also emerging, which reduce costs and improve project efficiency. Technological innovation in well-decommissioning techniques is likely to drive the growth of the market. This will reduce the time and cost of decommissioning operations when compared with traditional abandonment methods, including perforate and wash, cut and pull, and milling, by simplifying and streamlining the well abandonment process. The extensive use of such advanced technology is likely to drive the global well abandonment services market during the forecast period.

Key Well Abandonment Services Market Challenge

The high costs associated with well abandonment projects are a major challenge to the global well abandonment services market growth. A mature well is akin to a non-performing asset that produces little or no profits. A well is considered mature when the operating cost exceeds the revenue generated from producing crude oil or natural gas. During well abandonment, the weight of the materials that are required to be removed is one of the major factors on which the cost of the well abandonment project depends. To ensure maximum reduction in the operational costs associated while decommissioning an oil field, the major focus should be on the disconnection and removal of equipment and machinery, as they account for the majority of the project cost. Well abandonment costs fluctuate significantly due to changes in material/equipment condition, estimated risks, loss of key personnel, market volatility, supply chain inflation, industry experience, information management systems, and technical data. The costs of offshore well abandonment projects are comparatively higher than those of onshore projects. Therefore, the high costs associated with decommissioning projects translate into high costs for well abandonment, which is likely to adversely affect the growth of the global well abandonment services market during the forecast period.

Key Well Abandonment Services Market Customer Landscape

Our analysis of the Life Cycle of the Global well abandonment services market is from the innovator’s stage to the laggard’s stage. The report illustrates the lifecycle of the global well abandonment services market, focusing on the adoption rates of major countries such as the US, Saudi Arabia, China, the UK, and Norway. Our researchers have included key purchase criteria, adoption rates, adoption lifecycles, and drivers of price sensitivity to help companies evaluate and develop growth strategies for 2022-2027.

Well Abandonment Services Market Share by Geography

Global Well Abandonment Services Market Customer Landscape

Who are the Major Well Abandonment Services 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 

  • acteon.com - The company offers well abandonment services, such as well as plug and abandonment. Also, it offers foundations, moorings, marine electronics and instrumentation, flow lines, offshore risers, and conductors for shallow and deepwater applications.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market vendors, such as

  • A&T Well and Pump
  • A Plus Well Service Inc.
  • Acona
  • AGR Holdco Ltd.
  • BiSN Oil Tools Ltd.
  • Calfrac Well Services Ltd.
  • Coretrax Ltd.
  • Dan Wood Co.
  • Expro Group Holdings NV
  • Halliburton Co.
  • M & W Drilling LLC
  • NexTier Oilfield Solutions Inc.
  • Oceaneering International Inc.
  • Petrofac Ltd.
  • Proserv UK Ltd.
  • Schlumberger Ltd.
  • TechnipFMC plc
  • Weatherford International Plc
  • Well Engineering Partners (WEP) BV.

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 Well Abandonment Services Market?

The market share growth by the Offshore segment will be significant during the forecast period. In 2022, the well abandonment services market in offshore locations accounted for the largest share owing to the high costs associated with offshore operations owing to the highly complex and harsh environment and the need for more equipment. The segment is expected to grow significantly owing to the numerous mature offshore oil and gas wells in many areas globally, especially in the GoM and the North Sea. Well abandonment is generally conducted using a drilling rig. However, technologies have developed to the extent where well abandonment can be done without using rigs. 

Well Abandonment Services Market Size

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The offshore segment showed a gradual increase in market share, from USD 2,294.34 million in 2017 and continued to grow by 2021. The need for offshore well abandonment depends on various factors such as the water depth, well type, and the availability of rigless techniques. Moreover, many oil and gas well decommissioning activities are expected to be carried out during the forecast period. Such oil and gas well decommissioning activities are expected to significantly drive the growth of the offshore segment of the global well abandonment services market during the forecast period. Furthermore, our report provides a brief analysis of historical and forecast market share and their segment along with their reasons for growth from 2017 to 2027.

The growth of this segment is primarily attributed to the increasing adoption of the Well Abandonment Services Market by residential consumers, which is driven by changing lifestyles and a growing preference for comfort.

Which are the Key Regions for Well Abandonment Services Market?

Well Abandonment Services Market Share by Geography

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Europe is projected to contribute 47% by 2027. Our 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 well abandonment services market in Europe were the UK, Norway, and Denmark. Decommissioning opportunities in Europe are extensive owing to the increasing number of mature offshore oil and gas fields in the North Sea and the stringent regulatory environment in major oil and gas-producing countries of the region, such as the UK and Norway. Numerous maturing assets in the UK Continental Shelf (UKCS) are at the end of their productive lives, which is likely to drive the demand for well abandonment services in the region. Many oil and gas wells are likely to be decommissioned during the forecast period.

This report forecasts the contribution of all the segments to the growth of the market. In addition, we have included the COVID-19 impact and the recovery strategies for each segment. The COVID-19 pandemic led to a decline in demand for well abandonment services in Europe. The outbreak of COVID-19 negatively impacted the oil and gas industry. Oil and gas production activities came to a halt due to the imposition of lockdowns in major countries of Europe. This resulted in a rise in oil inventories, owing to which storage tanks were full, and oil and gas prices started declining. Thus, companies shut down their oil and gas wells temporarily as they were not generating profits. The shutdown of refineries is expected to propel the regional market growth, as it is expected to increase the demand for well abandonment services in the region during the forecast period.

Segment Overview

Our report forecasts revenue growth at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2028. We have segmented the market based on type, product, distribution channel, and region.

  • Application Outlook (USD Million, 2017 - 2027)
    • Offshore
    • Onshore 
  • Type Outlook (USD Million, 2017 - 2027)
    • Permanent
    • Temporary
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • South America
      • Brazil
      • Argentina
      • Chile
    • 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

    Well Abandonment Services Market Scope

    Report Coverage

    Details

    Page number

    120

    Base year

    2022

    Historical year

    2017-2021

    Forecast period

    2023-2027

    Growth momentum & CAGR

    Accelerate at a CAGR of 6.37%

    Market growth 2023-2027

    $1522.38 million

    Market structure

    Fragmented

    YoY growth (%)

    4.43

    Regional analysis

    Europe, North America, South America, the Middle East and Africa, and APAC

    Performing market contribution

    Europe at 47%

    Key consumer countries

    US, Saudi Arabia, China, UK, and Norway

    Competitive landscape

    Leading companies, Competitive Strategies, Consumer engagement scope

    Key companies profiled

    A&T Well and Pump, A Plus Well Service Inc., Acona, Acteon Group Ltd., AGR Holdco Ltd., BiSN Oil Tools Ltd., Calfrac Well Services Ltd., Coretrax Ltd., Dan Wood Co., Expro Group Holdings NV, Halliburton Co., M & W Drilling LLC, NexTier Oilfield Solutions Inc., Oceaneering International Inc., Petrofac Ltd., Proserv UK Ltd., Schlumberger Ltd., TechnipFMC plc, Weatherford International Plc, and Well Engineering Partners (WEP) BV.

    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 Well Abandonment Services Market Report?

    • CAGR of the market during the forecast period 2023-2027
    • Detailed information on factors that will drive well abandonment services market growth during the next five years
    • Precise estimation of the well abandonment services market size and its contribution to the parent market
    • Accurate predictions on upcoming trends and changes in consumer behavior
    • The growth of the well abandonment services industry across Europe, North America, the Middle East and Africa, APAC, and South America
    • A thorough analysis of the market’s competitive landscape and detailed information on vendors
    • Comprehensive details of factors that will challenge the growth of well abandonment services market vendors

    We can help! Our analysts can customize this report to meet your requirements. Get in touch

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 Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • 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 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 18: Five forces analysis - Comparison between 2022 and 2027
    • 4.2 Bargaining power of buyers
      • Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 4.3 Bargaining power of suppliers
      • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 4.4 Threat of new entrants
      • Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 4.5 Threat of substitutes
      • Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 4.6 Threat of rivalry
      • Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 4.7 Market condition
      • Exhibit 24: Chart on Market condition - Five forces 2022 and 2027

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 25: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 26: Data Table on Application - Market share 2022-2027 (%)
    • 5.2 Comparison by Application
      • Exhibit 27: Chart on Comparison by Application
      • Exhibit 28: Data Table on Comparison by Application
    • 5.3 Offshore - Market size and forecast 2022-2027
      • Exhibit 29: Chart on Offshore - Market size and forecast 2022-2027 ($ million)
      • Exhibit 30: Data Table on Offshore - Market size and forecast 2022-2027 ($ million)
      • Exhibit 31: Chart on Offshore - Year-over-year growth 2022-2027 (%)
      • Exhibit 32: Data Table on Offshore - Year-over-year growth 2022-2027 (%)
    • 5.4 Onshore - Market size and forecast 2022-2027
      • Exhibit 33: Chart on Onshore - Market size and forecast 2022-2027 ($ million)
      • Exhibit 34: Data Table on Onshore - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Chart on Onshore - Year-over-year growth 2022-2027 (%)
      • Exhibit 36: Data Table on Onshore - Year-over-year growth 2022-2027 (%)
    • 5.5 Market opportunity by Application
      • Exhibit 37: Market opportunity by Application ($ million)

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 38: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 39: Data Table on Type - Market share 2022-2027 (%)
    • 6.2 Comparison by Type
      • Exhibit 40: Chart on Comparison by Type
      • Exhibit 41: Data Table on Comparison by Type
    • 6.3 Permanent - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Permanent - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Permanent - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Permanent - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Permanent - Year-over-year growth 2022-2027 (%)
    • 6.4 Temporary - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Temporary - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Data Table on Temporary - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Chart on Temporary - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Temporary - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Type
      • Exhibit 50: Market opportunity by Type ($ million)

    7 Customer Landscape

    • 7.1 Customer landscape overview
      • Exhibit 51: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 52: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 53: Data Table on Market share by geography 2022-2027 (%)
    • 8.2 Geographic comparison
      • Exhibit 54: Chart on Geographic comparison
      • Exhibit 55: Data Table on Geographic comparison
    • 8.3 Europe - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 58: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 8.4 North America - Market size and forecast 2022-2027
      • Exhibit 60: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 8.5 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 64: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 8.6 APAC - Market size and forecast 2022-2027
      • Exhibit 68: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 71: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 8.7 South America - Market size and forecast 2022-2027
      • Exhibit 72: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 73: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 75: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 8.8 US - Market size and forecast 2022-2027
      • Exhibit 76: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 79: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 8.9 UK - Market size and forecast 2022-2027
      • Exhibit 80: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 83: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 8.10 Norway - Market size and forecast 2022-2027
      • Exhibit 84: Chart on Norway - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Data Table on Norway - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Chart on Norway - Year-over-year growth 2022-2027 (%)
      • Exhibit 87: Data Table on Norway - Year-over-year growth 2022-2027 (%)
    • 8.11 Saudi Arabia - Market size and forecast 2022-2027
      • Exhibit 88: Chart on Saudi Arabia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Data Table on Saudi Arabia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Chart on Saudi Arabia - Year-over-year growth 2022-2027 (%)
      • Exhibit 91: Data Table on Saudi Arabia - Year-over-year growth 2022-2027 (%)
    • 8.12 China - Market size and forecast 2022-2027
      • Exhibit 92: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 95: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 8.13 Market opportunity by geography
      • Exhibit 96: Market opportunity by geography ($ million)

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • 9.3 Impact of drivers and challenges
          • Exhibit 97: Impact of drivers and challenges in 2022 and 2027
        • 9.4 Market trends

          10 Vendor Landscape

          • 10.1 Overview
            • 10.2 Vendor landscape
              • Exhibit 98: Overview on Criticality of inputs and Factors of differentiation
            • 10.3 Landscape disruption
              • Exhibit 99: Overview on factors of disruption
            • 10.4 Industry risks
              • Exhibit 100: Impact of key risks on business

            11 Vendor Analysis

            • 11.1 Vendors covered
              • Exhibit 101: Vendors covered
            • 11.2 Market positioning of vendors
              • Exhibit 102: Matrix on vendor position and classification
            • 11.3 A Plus Well Service Inc.
              • Exhibit 103: A Plus Well Service Inc. - Overview
              • Exhibit 104: A Plus Well Service Inc. - Product / Service
              • Exhibit 105: A Plus Well Service Inc. - Key offerings
            • 11.4 Acona
              • Exhibit 106: Acona - Overview
              • Exhibit 107: Acona - Product / Service
              • Exhibit 108: Acona - Key offerings
            • 11.5 Acteon Group Ltd.
              • Exhibit 109: Acteon Group Ltd. - Overview
              • Exhibit 110: Acteon Group Ltd. - Product / Service
              • Exhibit 111: Acteon Group Ltd. - Key offerings
            • 11.6 AGR Holdco Ltd.
              • Exhibit 112: AGR Holdco Ltd. - Overview
              • Exhibit 113: AGR Holdco Ltd. - Product / Service
              • Exhibit 114: AGR Holdco Ltd. - Key offerings
            • 11.7 BiSN Oil Tools Ltd.
              • Exhibit 115: BiSN Oil Tools Ltd. - Overview
              • Exhibit 116: BiSN Oil Tools Ltd. - Product / Service
              • Exhibit 117: BiSN Oil Tools Ltd. - Key offerings
            • 11.8 Calfrac Well Services Ltd.
              • Exhibit 118: Calfrac Well Services Ltd. - Overview
              • Exhibit 119: Calfrac Well Services Ltd. - Business segments
              • Exhibit 120: Calfrac Well Services Ltd. - Key offerings
              • Exhibit 121: Calfrac Well Services Ltd. - Segment focus
            • 11.9 Coretrax Ltd.
              • Exhibit 122: Coretrax Ltd. - Overview
              • Exhibit 123: Coretrax Ltd. - Product / Service
              • Exhibit 124: Coretrax Ltd. - Key offerings
            • 11.10 Expro Group Holdings NV
              • Exhibit 125: Expro Group Holdings NV - Overview
              • Exhibit 126: Expro Group Holdings NV - Business segments
              • Exhibit 127: Expro Group Holdings NV - Key offerings
              • Exhibit 128: Expro Group Holdings NV - Segment focus
            • 11.11 Halliburton Co.
              • Exhibit 129: Halliburton Co. - Overview
              • Exhibit 130: Halliburton Co. - Business segments
              • Exhibit 131: Halliburton Co. - Key news
              • Exhibit 132: Halliburton Co. - Key offerings
              • Exhibit 133: Halliburton Co. - Segment focus
            • 11.12 NexTier Oilfield Solutions Inc.
              • Exhibit 134: NexTier Oilfield Solutions Inc. - Overview
              • Exhibit 135: NexTier Oilfield Solutions Inc. - Business segments
              • Exhibit 136: NexTier Oilfield Solutions Inc. - Key offerings
              • Exhibit 137: NexTier Oilfield Solutions Inc. - Segment focus
            • 11.13 Oceaneering International Inc.
              • Exhibit 138: Oceaneering International Inc. - Overview
              • Exhibit 139: Oceaneering International Inc. - Business segments
              • Exhibit 140: Oceaneering International Inc. - Key offerings
              • Exhibit 141: Oceaneering International Inc. - Segment focus
            • 11.14 Petrofac Ltd.
              • Exhibit 142: Petrofac Ltd. - Overview
              • Exhibit 143: Petrofac Ltd. - Business segments
              • Exhibit 144: Petrofac Ltd. - Key offerings
              • Exhibit 145: Petrofac Ltd. - Segment focus
            • 11.15 Proserv UK Ltd.
              • Exhibit 146: Proserv UK Ltd. - Overview
              • Exhibit 147: Proserv UK Ltd. - Product / Service
              • Exhibit 148: Proserv UK Ltd. - Key offerings
            • 11.16 Schlumberger Ltd.
              • Exhibit 149: Schlumberger Ltd. - Overview
              • Exhibit 150: Schlumberger Ltd. - Business segments
              • Exhibit 151: Schlumberger Ltd. - Key offerings
              • Exhibit 152: Schlumberger Ltd. - Segment focus
            • 11.17 TechnipFMC plc
              • Exhibit 153: TechnipFMC plc - Overview
              • Exhibit 154: TechnipFMC plc - Business segments
              • Exhibit 155: TechnipFMC plc - Key offerings
              • Exhibit 156: TechnipFMC plc - Segment focus

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Inclusions and exclusions checklist
                • Exhibit 157: Inclusions checklist
                • Exhibit 158: Exclusions checklist
              • 12.3 Currency conversion rates for US$
                • Exhibit 159: Currency conversion rates for US$
              • 12.4 Research methodology
                • Exhibit 160: Research methodology
                • Exhibit 161: Validation techniques employed for market sizing
                • Exhibit 162: Information sources
              • 12.5 List of abbreviations
                • Exhibit 163: List of abbreviations

              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.

              TechnavioINFORMATION 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
              Technavio

              TechnavioDATA 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
              Technavio

              TechnavioREPORT 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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              Well Abandonment Services market growth will increase by $1522.38 million during 2023-2027.
              The well abandonment services market is expected to grow at a CAGR of 6.37% during 2023-2027.
              Technavio has segmented the well abandonment services market by application (Offshore and Onshore) ,type (Permanent, Temporary, MEA, APAC, and South America) , and geography (Europe, North America, Middle East and Africa, APAC, and South America).
              A and T Well and Pump, A Plus Well Service Inc., Acona, Acteon Group Ltd., AGR Holdco Ltd., BiSN Oil Tools Ltd., Calfrac Well Services Ltd., Coretrax Ltd., Dan Wood Co., Expro Group Holdings NV, Halliburton Co., M and W Drilling LLC, NexTier Oilfield Solutions Inc., Oceaneering International Inc., Petrofac Ltd., Proserv UK Ltd., Schlumberger Ltd., TechnipFMC plc, Weatherford International Plc, Well Engineering Partners (WEP) BV. are a few of the key vendors in the well abandonment services market.
              Europe will register the highest growth rate of 47.12% among the other regions. Therefore, the well abandonment services market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the well abandonment services market growth are:
              • Maturing oil and gas fields
              • Technological advances in well abandonment techniques
              The well abandonment services market vendors should focus on grabbing business opportunities from the offshore segment as it accounted for the largest market share in the base year.
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