Global Offshore Oil and Gas Decommissioning Market will reach $5.05bn in 2015, indicates visiongain

LONDON - Dec. 1, 2015 - PRLog -- PRESS RELEASE: ‘Global OFFSHORE OIL AND GAS DECOMMISSIONING market to BE WORTH $5.05BN IN 2015' SAYS VISIONGAIN REPORT

LONDON, UK. 4^th September 2015: Visiongain’s new 161 page study, Offshore Oil & Gas Decommissioning Market Report 2015-2025: Prospects for the Gulf of Mexico, North Sea, Asia-Pacific & the Rest of the World in the Low Oil Price Environment, indicates that the global offshore oil and gas decommissioning market will reach a value of $5.05bn in 2015 as a result of stringent environmental legislation, ageing offshore infrastructure, lower oil prices and a developing supply chain.

The lead analyst of the report commented that: “Sustained high oil prices over the past few years have delayed decommissioning for a number of ageing offshore oil & gas installations, allowing operators to maintain a profit and avoid substantial decommissioning costs. After the oil price collapse, many platforms are now making a loss and decommissioning has become inevitable. Lower activity levels in the offshore oil and gas industry also means that vessels and equipment are available for decommissioning activity at a lower cost. As such, the offshore decommissioning market is set to experience strong growth over the next two years and beyond.

The report contains 78 tables, charts and graphs that add visual analysis in order to explain developing trends within the global offshore oil and gas decommissioning market. visiongain provides forecasts for the period 2015-2025 in terms of spending (US$) for the global market, as well as for 7 regional markets (Gulf of Mexico, the Rest of North America, UK offshore, Norwegian offshore, the Rest of the North Sea, Asia-Pacific, and the Rest of the World). In addition, the Gulf of Mexico, UK offshore and Norwegian offshore markets are broken down into 3 submarkets (well P&A, jacket and topsides removal, and ‘other’ costs) with forecasts and analysis included for the period 2015-2025. The report provides profiles of 46 leading companies operating within the market, and includes two interviews with major companies involved in the industry, OIS Ltd and Sureclean offering expert insight alongside visiongain’s analysis.

The Offshore Oil & Gas Decommissioning Market Report 2015-2025: Prospects for the Gulf of Mexico, North Sea, Asia-Pacific & the Rest of the World in the Low Oil Price Environment will be of value to current and future potential investors into the offshore decommissioning industry, as well as companies and research centres who wish to broaden their knowledge of this evolving sector.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongainglobal.com or call her on +44 (0) 207 336 6100

About visiongain

Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, visiongain produces a host of business-2-business conferences, newsletters, management reports and e-zines focusing on the Energy, Telecoms, Pharmaceutical, Defence, Materials sectors.

Visiongain publishes reports produced by its in-house analysts, who are qualified experts in their field. Visiongain has firmly established itself as the first port-of-call for the business professional, who needs independent, high quality, original material to rely and depend on.