Oil & Gas Vessel Decommissioning Market Size to Expand Significantly by the End

1. Oil & Gas Vessel Decommissioning Market  - Global Industry Analysis, Size, Share, Growth Trends  2014 - 2020 ©2019 Transparency Market Research, All Rights Reserved

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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. • View Report Download Brochure ©2019 Transparency Market Research, All Rights Reserved

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stringent environmental regulations imposed by different countries, the increase in number of non functional and outdated vessels are the major drivers of the oil and gas vessel decommissioning market.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. ©2019 Transparency Market Research, All Rights Reserved

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 ©2019 Transparency Market Research, All Rights Reserved

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