Overview of the Offshore Decommissioning Market Trends, Challenges, and Opportunities
Introduction
The offshore decommissioning market was estimated to be worth USD 5.2 billion in 2021. Over the course of the forecast period (2022–2030), the sector is expected to increase at a compound annual growth rate (CAGR) of 7.10%, from USD 5.5 billion in 2022 to USD 9.0 billion by 2030.
As offshore oil and gas reserves are depleted and environmental regulations become stricter, the...
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