Offshore Decommissioning Market Global Forecast to 2027
DUBLIN, Nov. 7, 2019 /PRNewswire/ — The “Offshore Decommissioning Market by Service (Well Plugging & Abandonment, Platform Removal, Others), Depth (Shallow, Deepwater), Structure (Topsides, Substructure), Removal (Leave in Place, Partial, Complete), and Region – Global Forecast to 2027” report has been added to ResearchAndMarkets.com’s offering.
The offshore decommissioning market is estimated to be valued at USD 6.2 billion in 2019 and is projected to reach USD 8.9 billion by 2027, at a CAGR of 4.8% during the forecast period.
Offshore decommissioning refers to ending oil & gas operations on offshore platforms and restoring marine life and seafloor to its pre-production conditions. It involves plugging & abandonment of the well in the earth’s surface and disposal of the infrastructure used in offshore oil production. Depending on the project specifications, decommissioning can be done in many ways and may involve partial or complete removal of the infrastructure.
The report defines, describes, and forecasts the offshore decommissioning market, by service, structure, depth, removal, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include the analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends....