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Mexico Oil and Gas Decommissioning Market Size, Analysis: By Water Depth: Shallow Water, Deep Water; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Mexico Oil and Gas Decommissioning Market Outlook
The Mexico oil and gas decommissioning market size is projected to grow at a CAGR of 6.3% between 2024 and 2032. The market is being aided by the growing trend of sustainability and the rising awareness regarding environmental impact posed by oil and gas infrastructure in oceans.
Key Takeaways
- 500 platforms and 2,700 oil wells are awaiting to be decommissioned in the Gulf of Mexico.
- Decommissioning could cost over $30 billion of taxpayers’ money in the Gulf of Mexico.
- Sustainability is expected to emerge as one of the key Mexico oil and gas decommissioning market trends.
The potential environmental threats posed by oil and gas infrastructure in oceans are gaining widespread concern in Mexico. This is because accidental oil spills caused by corrosion of abandoned pipelines during storms can damage the aquatic ecosystem badly and choke marine life badly, thereby affecting the livelihood of coastal fishermen directly.
Methane emissions from unplugged oil wells can contribute to an increase in greenhouse gas emissions and accelerate the rate of climate change, thereby increasing the risk of natural disasters. The strengthening of legal regulations related to the decommissioning of oil projects is expected to drive the Mexico oil and gas decommissioning market expansion in the coming years.
Ensuring sustainability while decommissioning oil and gas infrastructure is a critical component of the overall operations of the oil and gas industry. Various assets utilised for energy extraction, including helidecks and GT power generators, can be repurposed/recycled or used in a hydrogen production facility. This can minimise the volume of waste generated from industrial operations to just 2%.
Moreover, some ageing infrastructures have become artificial reefs supporting the local marine biodiversity, which is prompting ocean conservation organisations to encourage oil and gas explorers to relocate steel jackets in a sustainable manner onto the seabed. This is expected to drive the Mexico oil and gas decommissioning market development in the forecast period.
Market Segmentation
Mexico Oil and Gas Decommissioning Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Water Depth
- Shallow Water
- Deep Water
Market Breakup by Region
- Baja California
- Northern Mexico
- The Bajío
- Central Mexico
- Pacific Coast
- Yucatan Peninsula
The key operators in the Mexico oil and gas decommissioning market are Anadarko Petroleum Corporation, Apache Corporation, BP p.l.c., Chevron Corporation, and Exxon Mobil Corporation. Major service companies in the market are Petrofac Limited, Intertek Group plc, Proserv Group Inc., Manson Construction Co., and Ardent, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Water Depth |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Mexico Oil and Gas Decommissioning Market Overview
8.1 Key Industry Highlights
8.2 Mexico Oil and Gas Decommissioning Historical Market (2018-2023)
8.3 Mexico Oil and Gas Decommissioning Market Forecast (2024-2032)
9 Mexico Oil and Gas Decommissioning Market by Water Depth
9.1 Shallow Water
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Deep Water
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Mexico Oil and Gas Decommissioning Market by Region
10.1 Baja California
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Northern Mexico
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 The Bajío
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Central Mexico
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Pacific Coast
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Yucatan Peninsula
10.6.1 Historical Trend (2018-2023)
10.6.2 Forecast Trend (2024-2032)
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyers Powers
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Competitive Landscape
12.1 Market Structure
12.2 Operators
12.2.1 Anadarko Petroleum Corporation
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Apache Corporation
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 BP p.l.c.
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Chevron Corporation
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Exxon Mobil Corporation
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.3 Service Companies
12.3.1 Petrofac Limited
12.3.1.1 Company Overview
12.3.1.2 Product Portfolio
12.3.1.3 Demographic Reach and Achievements
12.3.1.4 Certifications
12.3.2 Intertek Group plc
12.3.2.1 Company Overview
12.3.2.2 Product Portfolio
12.3.2.3 Demographic Reach and Achievements
12.3.2.4 Certifications
12.3.3 Proserv Group Inc.
12.3.3.1 Company Overview
12.3.3.2 Product Portfolio
12.3.3.3 Demographic Reach and Achievements
12.3.3.4 Certifications
12.3.4 Manson Construction Co.
12.3.4.1 Company Overview
12.3.4.2 Product Portfolio
12.3.4.3 Demographic Reach and Achievements
12.3.4.4 Certifications
12.3.5 Ardent
12.3.5.1 Company Overview
12.3.5.2 Product Portfolio
12.3.5.3 Demographic Reach and Achievements
12.3.5.4 Certifications
12.3.6 Others
13 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Mexico Oil and Gas Decommissioning Market: Key Industry Highlights, 2018 and 2032
2. Mexico Oil and Gas Decommissioning Historical Market: Breakup by Water Depth (USD Million), 2018-2023
3. Mexico Oil and Gas Decommissioning Market Forecast: Breakup by Water Depth (USD Million), 2024-2032
4. Mexico Oil and Gas Decommissioning Historical Market: Breakup by Region (USD Million), 2018-2023
5. Mexico Oil and Gas Decommissioning Market Forecast: Breakup by Region (USD Million), 2024-2032
6. Mexico Oil and Gas Decommissioning Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 6.3% between 2024 and 2032.
The different segments considered in the market report are shallow water and deep water.
The major regions in the market include Baja California, Northern Mexico, The Bajío, Central Mexico, Pacific Coast, and Yucatan Peninsula.
The key market players are Anadarko Petroleum Corporation, Apache Corporation, BP p.l.c., Chevron Corporation, and Exxon Mobil Corporation.
The major service players in the market report are Petrofac Limited, Intertek Group plc, Proserv Group Inc., Manson Construction Co., and Ardent, among others.
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