Well Abandonment Services Market
Well Abandonment Services Market Forecasts to 2028 – Global Analysis By Product (Shut In, Temporarily Abandoned), Removal (Partial, Complete), Depth (Deep Water, Shallow Water), Application (Onshore, Offshore) and By Geography
According to Stratistics MRC, the Global Well Abandonment Services Market is accounted for $1.19 billion in 2020 and is expected to reach $2.04 billion by 2028 growing at a CAGR of 7.0% during the forecast period. Maturing oil and gas fields, the emergence of rigless well abandonment techniques, and multiple advancements in the domain of well-management and control are propelling the market growth. However, the lack of technology infrastructure and regulatory monitoring are hampering the growth of the market.
Well abandonment is a natural part of the oilfield lifecycle. Well abandonment services provide an integrated solution for safe decommissioning of matured and non-productive oil & gas platforms and subsea infrastructures. This eliminates the ongoing costs of maintaining such oil wells and provides a guard against potential liabilities.
Based on the removal type, the complete removal segment is going to have lucrative growth during the forecast period owing to the stringent regulations for complete offshore platform removal to restore the marine life and seafloor to its pre-production conditions. By geography, Europe is going to have high growth during the forecast period due to the rising interests of governments towards decommissioning projects along with aging mature fields in the region and extensive decommissioning activities of offshore oil and gas platforms.
Some of the key players profiled in the Well Abandonment Services Market include Weatherford International, Tetra Technologies, Inc., AF Gruppen, Schlumberger, Ramboll, Oceaneering International, Aker Solutions, Halliburton, Expro, Baker Hughes, John Wood Group, Acteon Group and TechnipFMC.
Services Covered:
• Permitting & Regulatory Compliance
• Well Plugging & Abandonment
• Site Clearance
• Pipeline & Power Cable Decommissioning
• Materials Disposal
Product Types Covered:
• Shut In
• Temporarily Abandoned
Removal Types Covered:
• Partial Removal
• Leave In Place
• Complete Removal
Depths Covered:
• Deep Water
• Shallow Water
Applications Covered:
• Onshore
• Offshore
Structures Covered:
• Substructure
• Topside
• Sub Infrastructure
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Well Abandonment Services Market, By Service
5.1 Introduction
5.2 Permitting & Regulatory Compliance
5.3 Well Plugging & Abandonment
5.4 Site Clearance
5.5 Pipeline & Power Cable Decommissioning
5.6 Materials Disposal
6 Global Well Abandonment Services Market, By Product Type
6.1 Introduction
6.2 Shut In
6.3 Temporarily Abandoned
7 Global Well Abandonment Services Market, By Removal Type
7.1 Introduction
7.2 Partial Removal
7.3 Leave In Place
7.4 Complete Removal
8 Global Well Abandonment Services Market, By Depth
8.1 Introduction
8.2 Deep Water
8.3 Shallow Water
9 Global Well Abandonment Services Market, By Application
9.1 Introduction
9.2 Onshore
9.3 Offshore
10 Global Well Abandonment Services Market, By Structure
10.1 Introduction
10.2 Substructure
10.3 Topside
10.4 Sub Infrastructure
11 Global Well Abandonment Services Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Weatherford International
13.2 Tetra Technologies, Inc.
13.3 AF Gruppen
13.4 Schlumberger
13.5 Ramboll
13.6 Oceaneering International
13.7 Aker Solutions
13.8 Halliburton
13.9 Expro
13.10 Baker Hughes
13.11 John Wood Group
13.12 Acteon Group
13.13 TechnipFMC
List of Tables
1 Global Well Abandonment Services Market Outlook, By Region (2019-2028) ($MN)
2 Global Well Abandonment Services Market Outlook, By Service (2019-2028) ($MN)
3 Global Well Abandonment Services Market Outlook, By Permitting & Regulatory Compliance (2019-2028) ($MN)
4 Global Well Abandonment Services Market Outlook, By Well Plugging & Abandonment (2019-2028) ($MN)
5 Global Well Abandonment Services Market Outlook, By Site Clearance (2019-2028) ($MN)
6 Global Well Abandonment Services Market Outlook, By Pipeline & Power Cable Decommissioning (2019-2028) ($MN)
7 Global Well Abandonment Services Market Outlook, By Materials Disposal (2019-2028) ($MN)
8 Global Well Abandonment Services Market Outlook, By Product Type (2019-2028) ($MN)
9 Global Well Abandonment Services Market Outlook, By Shut In (2019-2028) ($MN)
10 Global Well Abandonment Services Market Outlook, By Temporarily Abandoned (2019-2028) ($MN)
11 Global Well Abandonment Services Market Outlook, By Removal Type (2019-2028) ($MN)
12 Global Well Abandonment Services Market Outlook, By Partial Removal (2019-2028) ($MN)
13 Global Well Abandonment Services Market Outlook, By Leave In Place (2019-2028) ($MN)
14 Global Well Abandonment Services Market Outlook, By Complete Removal (2019-2028) ($MN)
15 Global Well Abandonment Services Market Outlook, By Depth (2019-2028) ($MN)
16 Global Well Abandonment Services Market Outlook, By Deep Water (2019-2028) ($MN)
17 Global Well Abandonment Services Market Outlook, By Shallow Water (2019-2028) ($MN)
18 Global Well Abandonment Services Market Outlook, By Application (2019-2028) ($MN)
19 Global Well Abandonment Services Market Outlook, By Onshore (2019-2028) ($MN)
20 Global Well Abandonment Services Market Outlook, By Offshore (2019-2028) ($MN)
21 Global Well Abandonment Services Market Outlook, By Structure (2019-2028) ($MN)
22 Global Well Abandonment Services Market Outlook, By Substructure (2019-2028) ($MN)
23 Global Well Abandonment Services Market Outlook, By Topside (2019-2028) ($MN)
24 Global Well Abandonment Services Market Outlook, By Sub Infrastructure (2019-2028) ($MN)
25 North America Well Abandonment Services Market Outlook, By Country (2019-2028) ($MN)
26 North America Well Abandonment Services Market Outlook, By Service (2019-2028) ($MN)
27 North America Well Abandonment Services Market Outlook, By Permitting & Regulatory Compliance (2019-2028) ($MN)
28 North America Well Abandonment Services Market Outlook, By Well Plugging & Abandonment (2019-2028) ($MN)
29 North America Well Abandonment Services Market Outlook, By Site Clearance (2019-2028) ($MN)
30 North America Well Abandonment Services Market Outlook, By Pipeline & Power Cable Decommissioning (2019-2028) ($MN)
31 North America Well Abandonment Services Market Outlook, By Materials Disposal (2019-2028) ($MN)
32 North America Well Abandonment Services Market Outlook, By Product Type (2019-2028) ($MN)
33 North America Well Abandonment Services Market Outlook, By Shut In (2019-2028) ($MN)
34 North America Well Abandonment Services Market Outlook, By Temporarily Abandoned (2019-2028) ($MN)
35 North America Well Abandonment Services Market Outlook, By Removal Type (2019-2028) ($MN)
36 North America Well Abandonment Services Market Outlook, By Partial Removal (2019-2028) ($MN)
37 North America Well Abandonment Services Market Outlook, By Leave In Place (2019-2028) ($MN)
38 North America Well Abandonment Services Market Outlook, By Complete Removal (2019-2028) ($MN)
39 North America Well Abandonment Services Market Outlook, By Depth (2019-2028) ($MN)
40 North America Well Abandonment Services Market Outlook, By Deep Water (2019-2028) ($MN)
41 North America Well Abandonment Services Market Outlook, By Shallow Water (2019-2028) ($MN)
42 North America Well Abandonment Services Market Outlook, By Application (2019-2028) ($MN)
43 North America Well Abandonment Services Market Outlook, By Onshore (2019-2028) ($MN)
44 North America Well Abandonment Services Market Outlook, By Offshore (2019-2028) ($MN)
45 North America Well Abandonment Services Market Outlook, By Structure (2019-2028) ($MN)
46 North America Well Abandonment Services Market Outlook, By Substructure (2019-2028) ($MN)
47 North America Well Abandonment Services Market Outlook, By Topside (2019-2028) ($MN)
48 North America Well Abandonment Services Market Outlook, By Sub Infrastructure (2019-2028) ($MN)
49 Europe Well Abandonment Services Market Outlook, By Country (2019-2028) ($MN)
50 Europe Well Abandonment Services Market Outlook, By Service (2019-2028) ($MN)
51 Europe Well Abandonment Services Market Outlook, By Permitting & Regulatory Compliance (2019-2028) ($MN)
52 Europe Well Abandonment Services Market Outlook, By Well Plugging & Abandonment (2019-2028) ($MN)
53 Europe Well Abandonment Services Market Outlook, By Site Clearance (2019-2028) ($MN)
54 Europe Well Abandonment Services Market Outlook, By Pipeline & Power Cable Decommissioning (2019-2028) ($MN)
55 Europe Well Abandonment Services Market Outlook, By Materials Disposal (2019-2028) ($MN)
56 Europe Well Abandonment Services Market Outlook, By Product Type (2019-2028) ($MN)
57 Europe Well Abandonment Services Market Outlook, By Shut In (2019-2028) ($MN)
58 Europe Well Abandonment Services Market Outlook, By Temporarily Abandoned (2019-2028) ($MN)
59 Europe Well Abandonment Services Market Outlook, By Removal Type (2019-2028) ($MN)
60 Europe Well Abandonment Services Market Outlook, By Partial Removal (2019-2028) ($MN)
61 Europe Well Abandonment Services Market Outlook, By Leave In Place (2019-2028) ($MN)
62 Europe Well Abandonment Services Market Outlook, By Complete Removal (2019-2028) ($MN)
63 Europe Well Abandonment Services Market Outlook, By Depth (2019-2028) ($MN)
64 Europe Well Abandonment Services Market Outlook, By Deep Water (2019-2028) ($MN)
65 Europe Well Abandonment Services Market Outlook, By Shallow Water (2019-2028) ($MN)
66 Europe Well Abandonment Services Market Outlook, By Application (2019-2028) ($MN)
67 Europe Well Abandonment Services Market Outlook, By Onshore (2019-2028) ($MN)
68 Europe Well Abandonment Services Market Outlook, By Offshore (2019-2028) ($MN)
69 Europe Well Abandonment Services Market Outlook, By Structure (2019-2028) ($MN)
70 Europe Well Abandonment Services Market Outlook, By Substructure (2019-2028) ($MN)
71 Europe Well Abandonment Services Market Outlook, By Topside (2019-2028) ($MN)
72 Europe Well Abandonment Services Market Outlook, By Sub Infrastructure (2019-2028) ($MN)
73 Asia Pacific Well Abandonment Services Market Outlook, By Country (2019-2028) ($MN)
74 Asia Pacific Well Abandonment Services Market Outlook, By Service (2019-2028) ($MN)
75 Asia Pacific Well Abandonment Services Market Outlook, By Permitting & Regulatory Compliance (2019-2028) ($MN)
76 Asia Pacific Well Abandonment Services Market Outlook, By Well Plugging & Abandonment (2019-2028) ($MN)
77 Asia Pacific Well Abandonment Services Market Outlook, By Site Clearance (2019-2028) ($MN)
78 Asia Pacific Well Abandonment Services Market Outlook, By Pipeline & Power Cable Decommissioning (2019-2028) ($MN)
79 Asia Pacific Well Abandonment Services Market Outlook, By Materials Disposal (2019-2028) ($MN)
80 Asia Pacific Well Abandonment Services Market Outlook, By Product Type (2019-2028) ($MN)
81 Asia Pacific Well Abandonment Services Market Outlook, By Shut In (2019-2028) ($MN)
82 Asia Pacific Well Abandonment Services Market Outlook, By Temporarily Abandoned (2019-2028) ($MN)
83 Asia Pacific Well Abandonment Services Market Outlook, By Removal Type (2019-2028) ($MN)
84 Asia Pacific Well Abandonment Services Market Outlook, By Partial Removal (2019-2028) ($MN)
85 Asia Pacific Well Abandonment Services Market Outlook, By Leave In Place (2019-2028) ($MN)
86 Asia Pacific Well Abandonment Services Market Outlook, By Complete Removal (2019-2028) ($MN)
87 Asia Pacific Well Abandonment Services Market Outlook, By Depth (2019-2028) ($MN)
88 Asia Pacific Well Abandonment Services Market Outlook, By Deep Water (2019-2028) ($MN)
89 Asia Pacific Well Abandonment Services Market Outlook, By Shallow Water (2019-2028) ($MN)
90 Asia Pacific Well Abandonment Services Market Outlook, By Application (2019-2028) ($MN)
91 Asia Pacific Well Abandonment Services Market Outlook, By Onshore (2019-2028) ($MN)
92 Asia Pacific Well Abandonment Services Market Outlook, By Offshore (2019-2028) ($MN)
93 Asia Pacific Well Abandonment Services Market Outlook, By Structure (2019-2028) ($MN)
94 Asia Pacific Well Abandonment Services Market Outlook, By Substructure (2019-2028) ($MN)
95 Asia Pacific Well Abandonment Services Market Outlook, By Topside (2019-2028) ($MN)
96 Asia Pacific Well Abandonment Services Market Outlook, By Sub Infrastructure (2019-2028) ($MN)
97 South America Well Abandonment Services Market Outlook, By Country (2019-2028) ($MN)
98 South America Well Abandonment Services Market Outlook, By Service (2019-2028) ($MN)
99 South America Well Abandonment Services Market Outlook, By Permitting & Regulatory Compliance (2019-2028) ($MN)
100 South America Well Abandonment Services Market Outlook, By Well Plugging & Abandonment (2019-2028) ($MN)
101 South America Well Abandonment Services Market Outlook, By Site Clearance (2019-2028) ($MN)
102 South America Well Abandonment Services Market Outlook, By Pipeline & Power Cable Decommissioning (2019-2028) ($MN)
103 South America Well Abandonment Services Market Outlook, By Materials Disposal (2019-2028) ($MN)
104 South America Well Abandonment Services Market Outlook, By Product Type (2019-2028) ($MN)
105 South America Well Abandonment Services Market Outlook, By Shut In (2019-2028) ($MN)
106 South America Well Abandonment Services Market Outlook, By Temporarily Abandoned (2019-2028) ($MN)
107 South America Well Abandonment Services Market Outlook, By Removal Type (2019-2028) ($MN)
108 South America Well Abandonment Services Market Outlook, By Partial Removal (2019-2028) ($MN)
109 South America Well Abandonment Services Market Outlook, By Leave In Place (2019-2028) ($MN)
110 South America Well Abandonment Services Market Outlook, By Complete Removal (2019-2028) ($MN)
111 South America Well Abandonment Services Market Outlook, By Depth (2019-2028) ($MN)
112 South America Well Abandonment Services Market Outlook, By Deep Water (2019-2028) ($MN)
113 South America Well Abandonment Services Market Outlook, By Shallow Water (2019-2028) ($MN)
114 South America Well Abandonment Services Market Outlook, By Application (2019-2028) ($MN)
115 South America Well Abandonment Services Market Outlook, By Onshore (2019-2028) ($MN)
116 South America Well Abandonment Services Market Outlook, By Offshore (2019-2028) ($MN)
117 South America Well Abandonment Services Market Outlook, By Structure (2019-2028) ($MN)
118 South America Well Abandonment Services Market Outlook, By Substructure (2019-2028) ($MN)
119 South America Well Abandonment Services Market Outlook, By Topside (2019-2028) ($MN)
120 South America Well Abandonment Services Market Outlook, By Sub Infrastructure (2019-2028) ($MN)
121 Middle East & Africa Well Abandonment Services Market Outlook, By Country (2019-2028) ($MN)
122 Middle East & Africa Well Abandonment Services Market Outlook, By Service (2019-2028) ($MN)
123 Middle East & Africa Well Abandonment Services Market Outlook, By Permitting & Regulatory Compliance (2019-2028) ($MN)
124 Middle East & Africa Well Abandonment Services Market Outlook, By Well Plugging & Abandonment (2019-2028) ($MN)
125 Middle East & Africa Well Abandonment Services Market Outlook, By Site Clearance (2019-2028) ($MN)
126 Middle East & Africa Well Abandonment Services Market Outlook, By Pipeline & Power Cable Decommissioning (2019-2028) ($MN)
127 Middle East & Africa Well Abandonment Services Market Outlook, By Materials Disposal (2019-2028) ($MN)
128 Middle East & Africa Well Abandonment Services Market Outlook, By Product Type (2019-2028) ($MN)
129 Middle East & Africa Well Abandonment Services Market Outlook, By Shut In (2019-2028) ($MN)
130 Middle East & Africa Well Abandonment Services Market Outlook, By Temporarily Abandoned (2019-2028) ($MN)
131 Middle East & Africa Well Abandonment Services Market Outlook, By Removal Type (2019-2028) ($MN)
132 Middle East & Africa Well Abandonment Services Market Outlook, By Partial Removal (2019-2028) ($MN)
133 Middle East & Africa Well Abandonment Services Market Outlook, By Leave In Place (2019-2028) ($MN)
134 Middle East & Africa Well Abandonment Services Market Outlook, By Complete Removal (2019-2028) ($MN)
135 Middle East & Africa Well Abandonment Services Market Outlook, By Depth (2019-2028) ($MN)
136 Middle East & Africa Well Abandonment Services Market Outlook, By Deep Water (2019-2028) ($MN)
137 Middle East & Africa Well Abandonment Services Market Outlook, By Shallow Water (2019-2028) ($MN)
138 Middle East & Africa Well Abandonment Services Market Outlook, By Application (2019-2028) ($MN)
139 Middle East & Africa Well Abandonment Services Market Outlook, By Onshore (2019-2028) ($MN)
140 Middle East & Africa Well Abandonment Services Market Outlook, By Offshore (2019-2028) ($MN)
141 Middle East & Africa Well Abandonment Services Market Outlook, By Structure (2019-2028) ($MN)
142 Middle East & Africa Well Abandonment Services Market Outlook, By Substructure (2019-2028) ($MN)
143 Middle East & Africa Well Abandonment Services Market Outlook, By Topside (2019-2028) ($MN)
144 Middle East & Africa Well Abandonment Services Market Outlook, By Sub Infrastructure (2019-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
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The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
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The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
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