Product Code: ETC4534649 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
As offshore oil and gas fields reach the end of their productive life, the offshore decommissioning market is becoming increasingly important. This market involves the safe and environmentally responsible removal of offshore facilities.
The offshore decommissioning market in Indonesia is driven by the maturation of offshore oil and gas fields. As these fields reach the end of their productive life cycles, there is a pressing need for safe and efficient decommissioning processes. Regulatory compliance and environmental considerations play a significant role in shaping this market, driving the demand for specialized services and technologies that ensure the proper abandonment and dismantling of offshore infrastructure.
The Indonesia offshore decommissioning market faces several challenges. First and foremost, safety and environmental concerns are paramount. Decommissioning offshore structures and wells requires meticulous planning and execution to prevent oil spills and environmental damage. Compliance with stringent regulatory requirements to safeguard the marine ecosystem poses a significant challenge to operators. Secondly, cost overruns and project delays are common hurdles in offshore decommissioning. Unforeseen technical difficulties, logistical challenges, and the volatility of oil prices can disrupt budgetary estimates and timelines. The uncertainty in decommissioning costs makes financial planning a complex task. Moreover, the absence of a well-defined legal and regulatory framework for decommissioning in Indonesia adds another layer of complexity. Companies often face ambiguity in liability issues, taxation, and the approval process. A clear and comprehensive regulatory framework is essential for streamlining the decommissioning process.
The COVID-19 pandemic had a mixed impact on the Indonesia offshore decommissioning market. On one hand, the reduced oil prices and economic uncertainty encouraged some operators to accelerate decommissioning plans for aging offshore assets. On the other hand, logistical challenges, workforce limitations, and financial constraints led to delays in decommissioning activities. Additionally, lower oil and gas demand impacted the overall pace of decommissioning projects. The market for offshore decommissioning services is expected to recover slowly, with its trajectory closely tied to the oil and gas industry`s rebound and the pace of asset retirement initiatives.
Key players in the offshore decommissioning market of Indonesia include PT Guna Wijaya, PT Caltex Pacific Indonesia, and PT Elnusa Tbk. These companies specialize in providing services related to the safe and environmentally responsible decommissioning of offshore oil and gas facilities.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Indonesia Offshore Decommissioning Market Overview |
3.1 Indonesia Country Macro Economic Indicators |
3.2 Indonesia Offshore Decommissioning Market Revenues & Volume, 2021 & 2031F |
3.3 Indonesia Offshore Decommissioning Market - Industry Life Cycle |
3.4 Indonesia Offshore Decommissioning Market - Porter's Five Forces |
3.5 Indonesia Offshore Decommissioning Market Revenues & Volume Share, By Service, 2021 & 2031F |
3.6 Indonesia Offshore Decommissioning Market Revenues & Volume Share, By Depth, 2021 & 2031F |
3.7 Indonesia Offshore Decommissioning Market Revenues & Volume Share, By Structure, 2021 & 2031F |
3.8 Indonesia Offshore Decommissioning Market Revenues & Volume Share, By Removal, 2021 & 2031F |
4 Indonesia Offshore Decommissioning Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Indonesia Offshore Decommissioning Market Trends |
6 Indonesia Offshore Decommissioning Market, By Types |
6.1 Indonesia Offshore Decommissioning Market, By Service |
6.1.1 Overview and Analysis |
6.1.2 Indonesia Offshore Decommissioning Market Revenues & Volume, By Service, 2021-2031F |
6.1.3 Indonesia Offshore Decommissioning Market Revenues & Volume, By Project management, engineering & planning, 2021-2031F |
6.1.4 Indonesia Offshore Decommissioning Market Revenues & Volume, By Permitting & regulatory compliance, 2021-2031F |
6.1.5 Indonesia Offshore Decommissioning Market Revenues & Volume, By Platform preparation, 2021-2031F |
6.1.6 Indonesia Offshore Decommissioning Market Revenues & Volume, By Well plugging & abandonment, 2021-2031F |
6.1.7 Indonesia Offshore Decommissioning Market Revenues & Volume, By Conductor removal, 2021-2031F |
6.1.8 Indonesia Offshore Decommissioning Market Revenues & Volume, By Mobilization & demobilization of derrick barges, 2021-2031F |
6.1.9 Indonesia Offshore Decommissioning Market Revenues & Volume, By Pipeline & power cable decommissioning, 2021-2031F |
6.1.10 Indonesia Offshore Decommissioning Market Revenues & Volume, By Pipeline & power cable decommissioning, 2021-2031F |
6.2 Indonesia Offshore Decommissioning Market, By Depth |
6.2.1 Overview and Analysis |
6.2.2 Indonesia Offshore Decommissioning Market Revenues & Volume, By Shallow, 2021-2031F |
6.2.3 Indonesia Offshore Decommissioning Market Revenues & Volume, By Deepwater, 2021-2031F |
6.3 Indonesia Offshore Decommissioning Market, By Structure |
6.3.1 Overview and Analysis |
6.3.2 Indonesia Offshore Decommissioning Market Revenues & Volume, By Topsides, 2021-2031F |
6.3.3 Indonesia Offshore Decommissioning Market Revenues & Volume, By Substructure, 2021-2031F |
6.4 Indonesia Offshore Decommissioning Market, By Removal |
6.4.1 Overview and Analysis |
6.4.2 Indonesia Offshore Decommissioning Market Revenues & Volume, By Leave in place, 2021-2031F |
6.4.3 Indonesia Offshore Decommissioning Market Revenues & Volume, By Partial, 2021-2031F |
6.4.4 Indonesia Offshore Decommissioning Market Revenues & Volume, By Complete, 2021-2031F |
7 Indonesia Offshore Decommissioning Market Import-Export Trade Statistics |
7.1 Indonesia Offshore Decommissioning Market Export to Major Countries |
7.2 Indonesia Offshore Decommissioning Market Imports from Major Countries |
8 Indonesia Offshore Decommissioning Market Key Performance Indicators |
9 Indonesia Offshore Decommissioning Market - Opportunity Assessment |
9.1 Indonesia Offshore Decommissioning Market Opportunity Assessment, By Service, 2021 & 2031F |
9.2 Indonesia Offshore Decommissioning Market Opportunity Assessment, By Depth, 2021 & 2031F |
9.3 Indonesia Offshore Decommissioning Market Opportunity Assessment, By Structure, 2021 & 2031F |
9.4 Indonesia Offshore Decommissioning Market Opportunity Assessment, By Removal, 2021 & 2031F |
10 Indonesia Offshore Decommissioning Market - Competitive Landscape |
10.1 Indonesia Offshore Decommissioning Market Revenue Share, By Companies, 2024 |
10.2 Indonesia Offshore Decommissioning Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |