1. What is the projected Compound Annual Growth Rate (CAGR) of the GCC Shallow Water Decommissioning Market?
The projected CAGR is approximately 6.74%.
GCC Shallow Water Decommissioning MarketGCC Shallow Water Decommissioning Market Analysis Report 2025: Market to Grow by a CAGR of 6.74 to 2033, Driven by Government Incentives, Popularity of Virtual Assistants, and Strategic Partnerships
GCC Shallow Water Decommissioning Market by Service (Project Management, Engineering, Planning, Well Plugging, Abandonment, Pipeline, Power Cable Decommissioning, Materials Disposal, Site Clearance, Others), by Structure (Topside, Subsea Infrastructure, Substructure), by GCC (UAE, Saudi Arabia, Qatar) Forecast 2025-2033
Base Year: 2024
120 Pages
GCC Shallow Water Decommissioning Market Analysis Report 2025: Market to Grow by a CAGR of 6.74 to 2033, Driven by Government Incentives, Popularity of Virtual Assistants, and Strategic Partnerships
GCC Shallow Water Decommissioning Market Analysis Report 2025: Market to Grow by a CAGR of 6.74 to 2033, Driven by Government Incentives, Popularity of Virtual Assistants, and Strategic Partnerships
Key Insights
The GCC Shallow Water Decommissioning Market size was valued at USD 18.80 USD Million in 2023 and is projected to reach USD 29.68 USD Million by 2032, exhibiting a CAGR of 6.74 % during the forecast period. Shallow Water Decommissioning refers to the procedure of the elimination of offshore oil and gas structures in shallow marine areas, that is, areas of less than 500 feet of water depth. Other important factors are ER concerns for the protection of assets, environmental issues, and compliance with regulatory requirements and costs. It can used for removal of platforms and subsea structures, disposal of pipelines and wells, sealing, etc. The ongoing market trends for GCC show that the current decommissioning process is increasing due to the age of infrastructures, high requirements to the environment transition from fossil resources to renewable ones, less harm to the environment, and more opportunities for resource utilization.
GCC Shallow Water Decommissioning Trends
- Increasing offshore activity in the region is fueling the decommissioning market.
- Stringent regulatory frameworks governing environmental protection and safety are driving the adoption of advanced decommissioning techniques.
- The growing focus on cost optimization and efficiency in decommissioning projects is leading to the adoption of innovative technologies and partnerships.
Driving Forces: What's Propelling the GCC Shallow Water Decommissioning Market
- Aging Infrastructure & Safety Concerns: A significant portion of offshore infrastructure in the GCC region has reached the end of its operational lifespan, necessitating decommissioning to mitigate safety risks and prevent potential environmental disasters. This is a primary driver pushing market growth.
- Stringent Environmental Regulations: The GCC region is increasingly implementing and enforcing stringent environmental regulations governing decommissioning activities. Operators face significant penalties for non-compliance, incentivizing investment in responsible and environmentally sound decommissioning practices.
- Technological Advancements & Efficiency Gains: Significant advancements in decommissioning technologies, such as remotely operated vehicles (ROVs), improved subsea cutting techniques, and advanced recycling methods, are enabling more efficient, cost-effective, and environmentally friendly decommissioning projects. This is leading to increased project viability.
- Cost Optimization & Innovative Solutions: The high cost of decommissioning is a major concern for operators. This is driving demand for innovative and cost-saving solutions, including improved project planning, optimized waste management strategies, and the exploration of alternative decommissioning methods.
Challenges and Restraints in GCC Shallow Water Decommissioning Market
- Technical Complexity & Operational Risks: Decommissioning shallow water infrastructure presents unique technical challenges, including potential hazards associated with working in shallow waters and the complexities of removing and disposing of various types of structures and equipment. These complexities can lead to project delays and cost overruns.
- High Decommissioning Costs & Funding Securing: The substantial financial investment required for decommissioning projects remains a major hurdle. Securing adequate funding and managing project budgets effectively are critical challenges for operators.
- Skill Gap & Workforce Development: A shortage of skilled personnel experienced in decommissioning operations is hindering market growth. Developing a skilled workforce through training and education programs is crucial for successful project execution.
- Environmental Concerns & Regulatory Compliance: Balancing environmental protection with the efficient and cost-effective execution of decommissioning projects remains a significant challenge. Operators must navigate complex regulatory requirements and ensure minimal environmental impact.
Emerging Trends in GCC Shallow Water Decommissioning
- Automation and robotics
- Digitalization and data analytics
- Integrated decommissioning services
- Sustainable decommissioning practices
Growth Catalysts in GCC Shallow Water Decommissioning Industry
- Government Support & Policy Initiatives: Supportive government policies, financial incentives, and regulatory frameworks designed to encourage responsible decommissioning practices are stimulating market growth.
- Enhanced Environmental Awareness & Corporate Social Responsibility: Growing awareness among operators and stakeholders of the importance of environmental protection and corporate social responsibility is driving the adoption of sustainable decommissioning solutions.
- Technological Innovation & R&D Investments: Continued investment in research and development of innovative decommissioning technologies is essential for improving efficiency, reducing costs, and minimizing environmental impact.
- Industry Collaboration & Knowledge Sharing: Collaboration and knowledge sharing among operators, contractors, regulatory bodies, and research institutions are crucial for addressing the challenges and accelerating innovation in the GCC shallow water decommissioning market.
Market Segmentation: GCC Shallow Water Decommissioning Analysis
Service
- Project Management
- Engineering and Planning
- Well Plugging and Abandonment
- Pipeline and Power Cable Decommissioning
- Materials Disposal and Site Clearance
- Others
Structure
- Topside
- Subsea Infrastructure
- Substructure
Leading Players in the GCC Shallow Water Decommissioning Market
- Saipem
- MILAHA
- Worley
- Petrofac
- Schlumberger
- Baker Hughes
- Norwell Engineering
- DNV
- Aries Marines
- Aker Solutions
Significant Developments in GCC Shallow Water Decommissioning Sector
- Saipem awarded fresh contracts for offshore decommissioning activities
- Norwell Engineering signs multi-million dollar contract in the UAE
- Motive Offshore partners with Hiretech to bring advanced decommissioning technology to the Middle East
- Saipem confirms additional scope of work for Qatargas' North Field Production Sustainability Offshore Project
- Hanon Systems delivers innovative heat pump equipment to Volkswagen Group for decommissioning projects
Comprehensive Coverage GCC Shallow Water Decommissioning Market Report
The report provides a comprehensive analysis of the GCC Shallow Water Decommissioning Market, covering key aspects such as market size, trends, drivers, challenges, segmentation, competitive landscape, and industry developments.
Regional Insight
The GCC Shallow Water Decommissioning Market report provides in-depth analysis of the following regions:
- Saudi Arabia: Leading the market due to its extensive offshore infrastructure and ongoing decommissioning projects
- United Arab Emirates: Significant contributor with a growing number of offshore platforms nearing decommissioning
- Qatar: Key player with ambitious expansion plans and a focus on responsible decommissioning practices
- Kuwait: Growing market with a diverse range of offshore assets and upcoming decommissioning projects
- Oman: Emerging market with significant potential due to its offshore oil and gas exploration and production activities
- Bahrain: Smaller market with a focus on optimizing decommissioning costs and minimizing environmental impact
Technology Analysis
The report provides an in-depth analysis of the key technologies used in GCC shallow water decommissioning, including:
- Remotely operated vehicles (ROVs)
- Subsea cutting and removal tools
- Explosives
- Hyperbaric welding
GCC Shallow Water Decommissioning Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of 6.74% from 2019-2033 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Growing Mature Field Count to Drive Market Growth
- 3.3. Market Restrains
- 3.3.1. High Cost of Offshore Decommission Services Is Hindering the Market Growth
- 3.4. Market Trends
- 3.4.1. Renewable Energy Transition in GCC is a Latest Trend
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. GCC Shallow Water Decommissioning Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Service
- 5.1.1. Project Management
- 5.1.2. Engineering
- 5.1.3. Planning
- 5.1.4. Well Plugging
- 5.1.5. Abandonment
- 5.1.6. Pipeline
- 5.1.7. Power Cable Decommissioning
- 5.1.8. Materials Disposal
- 5.1.9. Site Clearance
- 5.1.10. Others
- 5.2. Market Analysis, Insights and Forecast - by Structure
- 5.2.1. Topside
- 5.2.2. Subsea Infrastructure
- 5.2.3. Substructure
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. GCC
- 5.1. Market Analysis, Insights and Forecast - by Service
- 6. UAE GCC Shallow Water Decommissioning Market Analysis, Insights and Forecast, 2019-2031
- 7. Saudi Arabia GCC Shallow Water Decommissioning Market Analysis, Insights and Forecast, 2019-2031
- 8. Qatar GCC Shallow Water Decommissioning Market Analysis, Insights and Forecast, 2019-2031
- 9. Oman GCC Shallow Water Decommissioning Market Analysis, Insights and Forecast, 2019-2031
- 10. Bahrain GCC Shallow Water Decommissioning Market Analysis, Insights and Forecast, 2019-2031
- 11. Kuwait GCC Shallow Water Decommissioning Market Analysis, Insights and Forecast, 2019-2031
- 12. Rest of GCC GCC Shallow Water Decommissioning Market Analysis, Insights and Forecast, 2019-2031
- 13. Competitive Analysis
- 13.1. Market Share Analysis 2024
- 13.2. Company Profiles
- 13.2.1 Saipem (Italy)
- 13.2.1.1. Overview
- 13.2.1.2. Products
- 13.2.1.3. SWOT Analysis
- 13.2.1.4. Recent Developments
- 13.2.1.5. Financials (Based on Availability)
- 13.2.2 MILAHA (Qatar)
- 13.2.2.1. Overview
- 13.2.2.2. Products
- 13.2.2.3. SWOT Analysis
- 13.2.2.4. Recent Developments
- 13.2.2.5. Financials (Based on Availability)
- 13.2.3 Worley (Australia)
- 13.2.3.1. Overview
- 13.2.3.2. Products
- 13.2.3.3. SWOT Analysis
- 13.2.3.4. Recent Developments
- 13.2.3.5. Financials (Based on Availability)
- 13.2.4 Petrofac (Jersey)
- 13.2.4.1. Overview
- 13.2.4.2. Products
- 13.2.4.3. SWOT Analysis
- 13.2.4.4. Recent Developments
- 13.2.4.5. Financials (Based on Availability)
- 13.2.5 Schlumberger (U.S.)
- 13.2.5.1. Overview
- 13.2.5.2. Products
- 13.2.5.3. SWOT Analysis
- 13.2.5.4. Recent Developments
- 13.2.5.5. Financials (Based on Availability)
- 13.2.6 Baker Hughes (U.S.)
- 13.2.6.1. Overview
- 13.2.6.2. Products
- 13.2.6.3. SWOT Analysis
- 13.2.6.4. Recent Developments
- 13.2.6.5. Financials (Based on Availability)
- 13.2.7 Norwell Engineering (Scotland)
- 13.2.7.1. Overview
- 13.2.7.2. Products
- 13.2.7.3. SWOT Analysis
- 13.2.7.4. Recent Developments
- 13.2.7.5. Financials (Based on Availability)
- 13.2.8 DNV (Norway)
- 13.2.8.1. Overview
- 13.2.8.2. Products
- 13.2.8.3. SWOT Analysis
- 13.2.8.4. Recent Developments
- 13.2.8.5. Financials (Based on Availability)
- 13.2.9 Aries Marines (UAE)
- 13.2.9.1. Overview
- 13.2.9.2. Products
- 13.2.9.3. SWOT Analysis
- 13.2.9.4. Recent Developments
- 13.2.9.5. Financials (Based on Availability)
- 13.2.10 Aker Solutions (Norway)
- 13.2.10.1. Overview
- 13.2.10.2. Products
- 13.2.10.3. SWOT Analysis
- 13.2.10.4. Recent Developments
- 13.2.10.5. Financials (Based on Availability)
- 13.2.1 Saipem (Italy)
List of Figures
- Figure 1: GCC Shallow Water Decommissioning Market Revenue Breakdown (USD Million, %) by Product 2024 & 2032
- Figure 2: GCC Shallow Water Decommissioning Market Share (%) by Company 2024
List of Tables
- Table 1: GCC Shallow Water Decommissioning Market Revenue USD Million Forecast, by Region 2019 & 2032
- Table 2: GCC Shallow Water Decommissioning Market Revenue USD Million Forecast, by Service 2019 & 2032
- Table 3: GCC Shallow Water Decommissioning Market Revenue USD Million Forecast, by Structure 2019 & 2032
- Table 4: GCC Shallow Water Decommissioning Market Revenue USD Million Forecast, by Region 2019 & 2032
- Table 5: GCC Shallow Water Decommissioning Market Revenue USD Million Forecast, by Country 2019 & 2032
- Table 6: UAE GCC Shallow Water Decommissioning Market Revenue (USD Million) Forecast, by Application 2019 & 2032
- Table 7: Saudi Arabia GCC Shallow Water Decommissioning Market Revenue (USD Million) Forecast, by Application 2019 & 2032
- Table 8: Qatar GCC Shallow Water Decommissioning Market Revenue (USD Million) Forecast, by Application 2019 & 2032
- Table 9: Oman GCC Shallow Water Decommissioning Market Revenue (USD Million) Forecast, by Application 2019 & 2032
- Table 10: Bahrain GCC Shallow Water Decommissioning Market Revenue (USD Million) Forecast, by Application 2019 & 2032
- Table 11: Kuwait GCC Shallow Water Decommissioning Market Revenue (USD Million) Forecast, by Application 2019 & 2032
- Table 12: Rest of GCC GCC Shallow Water Decommissioning Market Revenue (USD Million) Forecast, by Application 2019 & 2032
- Table 13: GCC Shallow Water Decommissioning Market Revenue USD Million Forecast, by Service 2019 & 2032
- Table 14: GCC Shallow Water Decommissioning Market Revenue USD Million Forecast, by Structure 2019 & 2032
- Table 15: GCC Shallow Water Decommissioning Market Revenue USD Million Forecast, by Country 2019 & 2032
- Table 16: UAE GCC Shallow Water Decommissioning Market Revenue (USD Million) Forecast, by Application 2019 & 2032
- Table 17: Saudi Arabia GCC Shallow Water Decommissioning Market Revenue (USD Million) Forecast, by Application 2019 & 2032
- Table 18: Qatar GCC Shallow Water Decommissioning Market Revenue (USD Million) Forecast, by Application 2019 & 2032
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.
Frequently Asked Questions
2. Which companies are prominent players in the GCC Shallow Water Decommissioning Market?
Key companies in the market include Saipem (Italy), MILAHA (Qatar), Worley (Australia), Petrofac (Jersey), Schlumberger (U.S.), Baker Hughes (U.S.), Norwell Engineering (Scotland), DNV (Norway), Aries Marines (UAE), Aker Solutions (Norway).
3. What are the main segments of the GCC Shallow Water Decommissioning Market?
The market segments include Service, Structure.
4. Can you provide details about the market size?
The market size is estimated to be USD 18.80 USD Million as of 2022.
5. What are some drivers contributing to market growth?
Growing Mature Field Count to Drive Market Growth.
6. What are the notable trends driving market growth?
Renewable Energy Transition in GCC is a Latest Trend.
7. Are there any restraints impacting market growth?
High Cost of Offshore Decommission Services Is Hindering the Market Growth.
8. Can you provide examples of recent developments in the market?
In May 2023, Saipem was awarded two fresh offshore contracts. One involves Engineering, Procurement, Construction and Installation (EPCI) in the Black Sea, while the other pertains to decommissioning activities in the North Sea. The overall cost of the contracts amounts to approximately 850 million USD.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3850, USD 4850, and USD 5850 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in USD Million.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "GCC Shallow Water Decommissioning Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the GCC Shallow Water Decommissioning Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the GCC Shallow Water Decommissioning Market?
To stay informed about further developments, trends, and reports in the GCC Shallow Water Decommissioning Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.