Market Giant Offshore Decommissioning Market Size, Share and Re

Offshore Decommissioning Market Size, Share and
Revenue Analysis to 2025
“The factors that propel the growth of the offshore
decommissioning market include maturing oil and aging
platforms and gas fields, increasing oil and gas platforms
around the world, low oil price, environmental concerns,
and increasingly stringent decommissioning regulations.”
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 factors that propel the growth of the market include maturing oil and aging platforms and gas fields, increasing oil
and gas platforms around the world, low oil price, environmental concerns, and increasingly stringent
decommissioning regulations. On the other hand, there are factors that may hamper the growth of the market
including high cost associated with offshore decommissioning projects, stringent environmental law and regulations,
and a decline in prices of oil.
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