Decommissioning of an offshore asset refers to the process of ending the operations on the asset and returning the ocean or seafloor to the pre-lease condition. Decommissioning is necessary for minimizing the risks to safety and the environment that can occur from leaving unused structures in the ocean. A strict legal framework of national, regional and international regulations governs how disused offshore facilities are decommissioned. A growing part of today’s offshore oil & gas assets is fast approaching the end of their design-specified life, and this is driving the growth of the offshore oil & gas decommissioning industry. With a number of idle offshore wells approaching decommissioning age globally, the global market for decommissioning of offshore oil & gas installations is anticipated to grow during the forecast period.

Market Analysis and Insights: Global Offshore Decommissioning Services Market
The global Offshore Decommissioning Services market size is projected to reach US$ XX million by 2027, from US$ XX million in 2020, at a CAGR of XX% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Offshore Decommissioning Services market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Offshore Decommissioning Services market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Offshore Decommissioning Services market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Offshore Decommissioning Services market.

Global Offshore Decommissioning Services Scope and Market Size
Offshore Decommissioning Services market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Offshore Decommissioning Services market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
Offshore Surveys
Well Plugging & Abandonment
Removal Engineering
Others

Segment by Application
Shallow Water
Deepwater

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
Amec Foster Wheeler
Aker Solutions
Bureau Veritas
EPIC Companies (EPIC)
Bibby Offshore
Maersk Decom
Proserv Group
Linch-pin Offshore Management Services
AF Gruppen