The offshore infrastructure and end-of-life assets and stringent environmental regulations are driving the growth of the Offshore Decommissioning Market at a CAGR of 7.10% during the forecast period 2025 to 2035

Market Research Future (MRFR) has published a cooked research report on the “Global Offshore Decommissioning Market” that contains the information from 2019 to 2035.

The Global Offshore Decommissioning Market is estimated to register a CAGR of 7.10 % during the forecast period of 2025 to 2035.

MRFR recognizes the following companies as the key players in the Global Offshore Decommissioning Market — Rain Carbon Inc, Ramboll Group, Aker Solutions, AF Gruppen, TechnipFMC, John Wood Group Plc, Petrofac, Halliburton, DNV GL, DeepOcean Group, Baker Hughes Company and others.

The Global Offshore Decommissioning Market accounted for registering a CAGR of 7.10 % during the forecast period and is estimated to reach USD 13.58 billion by 2035.

A key driver for the offshore decommissioning market is the aging offshore oil and gas infrastructure. As oilfields and gas reserves mature, platforms and wells that were initially constructed decades ago begin to show signs of deterioration. Many offshore platforms in regions like the North Sea, the Gulf of Mexico, and Asia-Pacific have already reached or are nearing the end of their operational lifespans. These assets, which were originally designed for a 20 to 30-year lifespan, often require significant maintenance or are no longer economically viable. Therefore, operators are forced to decommission aging platforms to avoid costly repairs and reduce operational risks. Decommissioning an aging offshore structure is a complex and costly process, but it is often more financially viable than continued operation. Moreover, the declining production from mature offshore fields makes them less profitable, further accelerating the need for decommissioning. As a result, many regions are witnessing an increasing number of platform retirements, leading to a surge in decommissioning projects.

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Segmental Analysis

The Global Offshore Decommissioning Market has been segmented based on Service Type, by Depth, by Structure.

Based on Service Type, this segment includes 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. The Well Plugging and Abandonment segment dominated the global market in 2024, while the Conductor Removal segment is projected to be the fastest–growing segment during the forecast period. Well plugging and abandonment (P&A) is a critical component of offshore decommissioning. It involves the process of safely closing an oil or gas well once its production life has ended. The P&A process aims to prevent any future environmental contamination by ensuring that the wellbore is sealed and isolated from surrounding rock formations. This process is done through the insertion of cement plugs and other sealing materials, as well as the installation of barriers to ensure that no fluids or gases can escape from the well overtime.

Based on Depth, this segment includes Shallow Water, Deepwater. The Shallow Water segment dominated the global market in 2024, while it is projected to be the fastest–growing segment during the forecast period. Shallow water, generally defined as offshore areas with water depths of up to 400 meters (1,312 feet), is a region where many of the world's oil and gas platforms have been historically located. These platforms, often built in proximity to coastlines or continental shelves, are usually easier to decommission compared to deep-water platforms. In shallow water decommissioning, the infrastructure is often more accessible using conventional marine vessels and cranes. The water depths and environmental conditions in shallow water make it less challenging to remove and dismantle platforms, wells, and pipelines.

Based on the Structure, this segment includes Topside, Substructure, Sub Infrastructure. The Topside segment dominated the global market in 2024, while it is projected to be the fastest–growing segment during the forecast period. The Topside refers to the upper portion of an offshore platform that includes all the processing equipment, machinery, accommodation facilities, and other operational infrastructure situated above the waterline. The topside is the most visible part of an offshore platform and typically houses essential equipment for oil and gas production, processing, and transportation. Common components of the topside include production equipment such as separators, compressors, turbines, and generators, as well as living quarters for workers, helidecks, control rooms, and cranes.

Regional Analysis

Geographically, the Global Offshore Decommissioning Market has been segmented into North America, Europe, Asia-Pacific, South America, Middle East & Africa.

The North America dominated the global market in 2024, while the Asia-Pacific is projected to be the fastest–growing segment during the forecast period. Major demand factors driving the North America market are the offshore infrastructure and end-of-life assets and stringent environmental regulations. North America offshore decommissioning market accounted for the largest market share and is expected to exhibit a significant CAGR growth during the study period. As well as, the region accounted for the greatest number of oil-well commissions in the United States and Gulf of Mexico, where they have been establishing an "Ocean Program" to materialize efforts.

Key Findings of the Study

• The Global Offshore Decommissioning Market is expected to reach USD 13.58 billion by 2035, at a CAGR of 7.10% during the forecast period.


• The North America region accounted for the fastest-growing global market.


• Based on the Structure, the Topside segment was attributed to holding the largest market in 2024.


• Rain Carbon Inc, Ramboll Group, Aker Solutions, AF Gruppen, TechnipFMC, John Wood Group Plc, Petrofac, Halliburton, DNV GL, DeepOcean Group, Baker Hughes Company are some of the players in the market.