Summary

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
• Customization Scope – Free report customization (equivalent up to 8 analysts’ working hours) with purchase. Addition or alteration to country, regional & segment scope*
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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Table of Contents

Table of Contents
Chapter 1. Global Offshore Decommissioning Market Report Scope & Methodology
1.1. Research Objective
1.2. Research Methodology
 1.2.1. Forecast Model
 1.2.2. Desk Research
 1.2.3. Top Down and Bottom-Up Approach
1.3. Research Attributes
1.4. Scope of the Study
 1.4.1. Market Definition
 1.4.2. Market Segmentation
1.5. Research Assumption
 1.5.1. Inclusion & Exclusion
 1.5.2. Limitations
 1.5.3. Years Considered for the Study
Chapter 2. Executive Summary
2.1. CEO/CXO Standpoint
2.2. Strategic Insights
2.3. ESG Analysis
2.4. Key Findings
Chapter 3. Global Offshore Decommissioning Market Forces Analysis
3.1. Market Forces Shaping The Global Offshore Decommissioning Market (2024–2035)
3.2. Drivers
 3.2.1. Increasing number of aging offshore oil and gas platforms nearing end-of-life
 3.2.2. Regulatory pressure and ESG mandates encouraging responsible infrastructure removal
3.3. Restraints
 3.3.1. High cost associated with well plugging and abandonment operations
 3.3.2. Limited technical capabilities in deepwater dismantling and material disposal
3.4. Opportunities
 3.4.1. Advancements in robotics and subsea cutting technologies for safer and efficient removal
 3.4.2. Rising investments and policy support in Asia-Pacific and Latin America for structured decommissioning
Chapter 4. Global Offshore Decommissioning Industry Analysis
4.1. Porter’s 5 Forces Model
 4.1.1. Bargaining Power of Buyer
 4.1.2. Bargaining Power of Supplier
 4.1.3. Threat of New Entrants
 4.1.4. Threat of Substitutes
 4.1.5. Competitive Rivalry
4.2. Porter’s 5 Forces Forecast Model (2024–2035)
4.3. PESTEL Analysis
 4.3.1. Political
 4.3.2. Economical
 4.3.3. Social
 4.3.4. Technological
 4.3.5. Environmental
 4.3.6. Legal
4.4. Top Investment Opportunities
4.5. Top Winning Strategies (2025)
4.6. Market Share Analysis (2024–2025)
4.7. Global Pricing Analysis and Trends 2025
4.8. Analyst Recommendation & Conclusion
Chapter 5. Global Offshore Decommissioning Market Size & Forecasts by Service Type 2025–2035
5.1. Market Overview
5.2. Global Offshore Decommissioning Market Performance - Potential Analysis (2025)
5.3. Well Plugging and Abandonment
 5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
 5.3.2. Market size analysis, by region, 2025–2035
5.4. Conductor Removal
5.5. Platform Preparation
5.6. Pipeline and Power Cable Decommissioning
5.7. Material Disposal
5.8. Site Clearance
5.9. Project Management, Engineering & Planning
5.10. Permitting & Regulatory Compliance
5.11. Mobilization & Demobilization of Derrick Barges
5.12. Others
Chapter 6. Global Offshore Decommissioning Market Size & Forecasts by Depth 2025–2035
6.1. Market Overview
6.2. Shallow Water
 6.2.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
 6.2.2. Market size analysis, by region, 2025–2035
6.3. Deepwater
 6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
 6.3.2. Market size analysis, by region, 2025–2035
Chapter 7. Global Offshore Decommissioning Market Size & Forecasts by Structure 2025–2035
7.1. Market Overview
7.2. Topside
 7.2.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
 7.2.2. Market size analysis, by region, 2025–2035
7.3. Substructure
7.4. Sub Infrastructure
Chapter 8. Global Offshore Decommissioning Market Size & Forecasts by Region 2025–2035
8.1. Regional Market Snapshot
8.2. Top Leading & Emerging Countries
8.3. North America Offshore Decommissioning Market
 8.3.1. U.S. Offshore Decommissioning Market
 8.3.2. Canada Offshore Decommissioning Market
8.4. Europe Offshore Decommissioning Market
 8.4.1. UK Offshore Decommissioning Market
 8.4.2. Germany Offshore Decommissioning Market
 8.4.3. France Offshore Decommissioning Market
 8.4.4. Spain Offshore Decommissioning Market
 8.4.5. Italy Offshore Decommissioning Market
 8.4.6. Rest of Europe Offshore Decommissioning Market
8.5. Asia Pacific Offshore Decommissioning Market
 8.5.1. China Offshore Decommissioning Market
 8.5.2. India Offshore Decommissioning Market
 8.5.3. Japan Offshore Decommissioning Market
 8.5.4. Australia Offshore Decommissioning Market
 8.5.5. South Korea Offshore Decommissioning Market
 8.5.6. Rest of Asia Pacific Offshore Decommissioning Market
8.6. Latin America Offshore Decommissioning Market
 8.6.1. Brazil Offshore Decommissioning Market
 8.6.2. Mexico Offshore Decommissioning Market
8.7. Middle East and Africa Offshore Decommissioning Market
 8.7.1. UAE Offshore Decommissioning Market
 8.7.2. Saudi Arabia Offshore Decommissioning Market
 8.7.3. South Africa Offshore Decommissioning Market
 8.7.4. Rest of Middle East and Africa Offshore Decommissioning Market
Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Halliburton Company
 9.2.1. Company Overview
 9.2.2. Key Executives
 9.2.3. Company Snapshot
 9.2.4. Financial Performance (Subject to Data Availability)
 9.2.5. Product/Services Port
 9.2.6. Recent Development
 9.2.7. Market Strategies
 9.2.8. SWOT Analysis
9.3. Schlumberger Limited
9.4. Aker Solutions ASA
9.5. TechnipFMC plc
9.6. Petrofac Limited
9.7. Baker Hughes Company
9.8. Oceaneering International, Inc.
9.9. Allseas Group S.A.
9.10. Subsea 7 S.A.
9.11. Heerema Marine Contractors
9.12. AF Gruppen ASA
9.13. Veolia Environnement S.A.
9.14. Saipem S.p.A.
9.15. John Wood Group PLC
9.16. WorleyParsons Limited