Global Offshore Decommissioning Market Size Study & Forecast, by Service Type (Well Plugging and Abandonment, Conductor Removal, Platform Preparation, Pipeline and Power Cable Decommissioning, Material Disposal, Site Clearance, Project Management, Enginee

The Global Offshore Decommissioning Market is valued at approximately USD 6.1 billion in 2024 and is projected to expand at a robust CAGR of 7.10% during the forecast period 2025–2035. Offshore decommissioning, the complex process of retiring oil and gas platforms and infrastructure after their operational life, has transformed into a critical component of sustainable energy practices. As global offshore assets mature and reach end-of-life, particularly across aging basins in the North Sea, Gulf of Mexico, and Southeast Asia, operators are accelerating plans to safely dismantle, repurpose, or remove infrastructure in line with environmental and regulatory mandates. The surge in decommissioning activities stems not only from regulatory pressure but also from heightened emphasis on ESG compliance, emissions reduction targets, and asset optimization strategies that drive long-term cost efficiency.

Growing attention toward responsible abandonment, coupled with the increasing number of platforms nearing cessation of production, has reshaped operator investment strategies. Well plugging and abandonment (P&A) remains the most cost-intensive and prioritized phase of the decommissioning process, accounting for a significant share of the expenditure. Simultaneously, improvements in underwater cutting, lifting technologies, and environmental site clearance standards have expanded the demand for specialized service providers. Countries like the U.K., Netherlands, and Norway have set clear frameworks for decommissioning, while the U.S. Bureau of Safety and Environmental Enforcement continues to tighten offshore regulations, driving demand for advanced and compliant project solutions. Moreover, digital tools, simulation models, and risk mitigation techniques are streamlining project execution across diverse ocean depths and infrastructures.

Regionally, North America leads the offshore decommissioning landscape, owing to its extensive offshore fields, aging assets in the Gulf of Mexico, and a strong regulatory regime that governs asset retirement obligations. Europe closely follows, with the North Sea acting as a hotspot for large-scale decommissioning projects supported by government-backed initiatives, environmental assessments, and transparent cost recovery mechanisms. Asia Pacific is emerging rapidly, driven by the increasing maturity of fields in Malaysia, Thailand, and Australia. Governments in the region are enacting new frameworks to govern decommissioning, signaling a shift toward sustainable offshore energy lifecycle management. Meanwhile, Latin America and the Middle East are seeing early-stage momentum as regional operators begin assessing liabilities and future decommissioning responsibilities.

Major market player included in this report are:
• Halliburton Company
• Schlumberger Limited
• Aker Solutions ASA
• TechnipFMC plc
• Petrofac Limited
• Baker Hughes Company
• Oceaneering International, Inc.
• Allseas Group S.A.
• Subsea 7 S.A.
• Heerema Marine Contractors
• AF Gruppen ASA
• Veolia Environnement S.A.
• Saipem S.p.A.
• John Wood Group PLC
• WorleyParsons Limited

Global Offshore Decommissioning Market Report Scope:
• Historical Data – 2023, 2024
• Base Year for Estimation – 2024
• Forecast period – 2025–2035
• Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players.

The detailed segments and sub-segments of the market are explained below:

By Service Type:
• Well Plugging and Abandonment
• Conductor Removal
• Platform Preparation
• Pipeline and Power Cable Decommissioning
• Material Disposal
• Site Clearance
• Project Management, Engineering & Planning
• Permitting & Regulatory Compliance
• Mobilization & Demobilization of Derrick Barges
• Others

By Depth:
• Shallow Water
• Deepwater

By Structure:
• Topside
• Substructure
• Sub Infrastructure

By Region:

North America
• U.S.
• Canada

Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe

Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific

Latin America
• Brazil
• Mexico

Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Key Takeaways:
• Market Estimates & Forecast for 10 years from 2025 to 2035.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.

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