Offshore Decommissioning Market Size, Share and Revenue Analysis to 2025
The global offshore decommissioning market is anticipated to witness an exponential growth in the forecast period. Offshore decommissioning of aging oil & gas platforms and subsea wells is essential in order to save the environment. Decommissioning‘s purpose is the safe elimination of the equipment that is used for oil or gas production and exploration and to dispose them off at the end of their production.
The global offshore decommissioning market is anticipated to witness an exponential growth in the forecast period. Offshore decommissioning of aging oil & gas platforms and subsea wells is essential in order to save the environment. Decommissioning‘s purpose is the safe elimination of the equipment that is used for oil or gas production and exploration and to dispose them off at the end of their production.
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The offshore decommissioning market is anticipated <strong>to</strong> exp<strong>and</strong> at a significant CAGR in the upcoming period as the<br />
scope, product types, <strong>and</strong> its applications are increasing across the globe. The market could be explored by service<br />
type, depth, structure, removal, <strong>and</strong> geography.<br />
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<strong>Market</strong> could be explored by service type as Platform Removal, Well Plugging & Ab<strong>and</strong>onment, Others. The “Well<br />
Plugging <strong>and</strong> Ab<strong>and</strong>onment Service” segment led the offshore decommissioning market in 2016 <strong>and</strong> will continue <strong>to</strong><br />
lead in the forecast period. The key fac<strong>to</strong>rs that could be attributed <strong>to</strong> the growth of the market include increasing<br />
regula<strong>to</strong>ry requirements for appropriate ab<strong>and</strong>onment of unproductive reserves <strong>and</strong> growing environmental<br />
concerns.<br />
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<strong>Market</strong> Segment:<br />
Geographically, this report is segmented in<strong>to</strong> several key Regions, with production, revenue (million USD), market<br />
share <strong>and</strong> growth rate of <strong>Offshore</strong> <strong>Decommissioning</strong> in these regions, from 2013 <strong>to</strong> <strong>2025</strong> (forecast), covering<br />
• North America<br />
• Europe<br />
• China<br />
• Japan<br />
• Southeast Asia<br />
• India
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