Offshore Decommissioning

Offshore Decommissioning Market Research
Report, 2026
Decommissioning refers to the process of ending oil and gas operation at the
offshore platform keeping in account the risk and safety of the offshore
environment. This process carried out when oil production from the well
decreases substantially. Offshore decommissioning must be done cost
efficiently, as it comprises of risks and uncertainties, creating challenges for
decommissioning projects.
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The major drivers of offshore decommissioning market are infrastructure aging
and maturing oilfields especially in North Sea and Gulf of Mexico. Decline in
crude oil prices are estimated to augment the growth of the oilfields
decommissioning market. Risk involved and high cost for decommissioning are
some of the factors restraining the offshore decommissioning market growth.
Among the decommissioning process, the well plugging and abandonment
accounted to have the largest share in offshore decommissioning market.
Shallow water depth segment is accounted to have the largest growth in offshore
decommissioning market, due to its less expenditure in shallow water. New
projects are established in deep & ultra-deep waters over the last few decades
emphasizing the growth of offshore decommissioning market.
Key Players in the Global Offshore Decommissioning Market
The major key players operating in the global offshore decommissioning market
include Amec Foster Wheeler ASA, Aker Solutions, AF Gruppen S.A., Tetra
Technologies, John Wood Group PLC, Able UK, DNV GL, Heerema Marine,
Allseas Group, DeepOcean Group, and Technipfmc
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Offshore Decommissioning Market report categorizes global market by Decommissioning Process, by Services, by Water Depth - Global Industry Insights, Trends, Outlook and Opportunity Analysis, 2017-2025

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