Summary

The Global Offshore Decommissioning Market is valued at approximately USD 6.16 billion in 2024 and is poised to expand at a robust CAGR of 7.50% over the forecast period 2025-2035, with historical data assessed for 2023 and 2024 and 2024 established as the base year for estimation. Offshore decommissioning refers to the systematic process of safely retiring aging or non-productive offshore oil and gas assets, encompassing engineering assessment, well plugging, platform removal, material disposal, and site clearance. As offshore infrastructure installed decades ago reaches the end of its economic life, decommissioning has shifted from a regulatory obligation into a strategically planned, capital-intensive industry with long-term revenue visibility.
Market expansion is being driven by the accelerating wave of mature offshore fields across the North Sea, Gulf of Mexico, Southeast Asia, and parts of the Middle East, where operators are being compelled to phase out legacy assets. Regulatory frameworks are tightening, environmental scrutiny is intensifying, and energy companies are increasingly reallocating capital toward energy transition initiatives, all of which are pushing decommissioning projects up the priority ladder. At the same time, technological advancements in heavy-lift vessels, subsea cutting, and digital project planning are helping operators rein in costs and execute complex removals with greater predictability, thereby strengthening investor confidence in large-scale decommissioning programs.

The detailed segments and sub-segments included in the report are:
By Service:
- Project Management, Engineering, and Planning
- Platform Preparation
- Well Plugging and Abandonment
- Platform Removal
- Material Disposal
- Site Clearance
- Others
By Structure:
- Topside
- Subsea Infrastructure
- Substructure
By Water Depth:
- Shallow Water
- Deep Water
By Region:
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
Latin America
- Brazil
- Mexico
Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Well plugging and abandonment is expected to dominate the offshore decommissioning market, accounting for the largest share of overall project expenditure throughout the forecast period. This segment sits at the core of every decommissioning campaign, as regulatory bodies mandate permanent isolation of wells to prevent future leakage and environmental harm. The technical complexity, extended timelines, and high-risk nature of abandonment activities, particularly in deepwater and HPHT environments, continue to drive significant capital allocation toward this service, making it the most indispensable and cost-intensive component of offshore decommissioning.
From a revenue contribution perspective, platform removal currently leads the market, underpinned by the sheer scale and engineering intensity associated with dismantling topside and substructure installations. Large steel jackets and concrete gravity-based structures demand specialized vessels, heavy-lift cranes, and precise execution strategies, all of which translate into high-value contracts for service providers. While planning and site clearance are essential, it is platform removal that commands the highest immediate revenue, especially as operators accelerate full-field removals to meet regulatory deadlines.
The key regions considered for the Global Offshore Decommissioning Market include North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Europe, led by the UK and Norway within the broader North Sea basin, represents one of the most mature and regulated decommissioning markets globally, supported by clearly defined policies and dedicated funding mechanisms. North America follows closely, driven by decommissioning activity in the Gulf of Mexico, where thousands of offshore structures are approaching retirement. Asia Pacific is emerging as a high-growth region, as offshore developments in Malaysia, Indonesia, and Australia move toward late-life stages, while the Middle East & Africa is gradually gaining traction as national oil companies begin formalizing long-term decommissioning roadmaps.

Major market players included in this report are:
- Shell plc
- BP p.l.c.
- TotalEnergies SE
- Exxon Mobil Corporation
- Chevron Corporation
- Aker Solutions ASA
- TechnipFMC plc
- Subsea 7 S.A.
- Saipem S.p.A.
- John Wood Group PLC
- Heerema Marine Contractors
- Allseas Group S.A.
- McDermott International, Ltd.
- Petrofac Limited
- Ramboll Group

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 to up to 8 analystsf 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 and countries in recent years and to forecast their values for the coming years. The report blends qualitative insight with quantitative rigor, outlining key growth drivers, regulatory pressures, and operational challenges that will shape the offshore decommissioning landscape. It further identifies investment pockets across service categories and regions, while delivering a comprehensive evaluation of competitive strategies, contract positioning, and technological capabilities of leading market participants.

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 the 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 the 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. accelerating wave of mature offshore fields
3.2.2. Tightening Regulatory frameworks
3.3. Restraints
3.3.1. Shortage Of Skilled Professionals
3.4. Opportunities
3.4.1. Intensifying environmental scrutiny

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 Force 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 2025-2035
5.1. Market Overview
5.2. Global Offshore Decommissioning Market Performance - Potential Analysis (2025)
5.3. Project Management, Engineering, and Planning
5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
5.3.2. Market size analysis, by region, 2025-2035
5.4. Platform Preparation
5.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
5.4.2. Market size analysis, by region, 2025-2035
5.5. Well Plugging and Abandonment
5.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
5.5.2. Market size analysis, by region, 2025-2035
5.6. Platform Removal
5.6.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
5.6.2. Market size analysis, by region, 2025-2035
5.7. Material Disposal
5.7.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
5.7.2. Market size analysis, by region, 2025-2035
5.8. Site Clearance
5.8.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
5.8.2. Market size analysis, by region, 2025-2035

Chapter 6. Global Offshore Decommissioning Market Size & Forecasts by Structure 2025-2035
6.1. Market Overview
6.2. Global Offshore Decommissioning Market Performance - Potential Analysis (2025)
6.3. Topside
6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
6.3.2. Market size analysis, by region, 2025-2035
6.4. Subsea Infrastructure
6.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
6.4.2. Market size analysis, by region, 2025-2035
6.5. Substructure
6.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
6.5.2. Market size analysis, by region, 2025-2035

Chapter 7. Global Offshore Decommissioning Market Size & Forecasts by Water Depth 2025-2035
7.1. Market Overview
7.2. Global Offshore Decommissioning Market Performance - Potential Analysis (2025)
7.3. Shallow Water
7.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
7.3.2. Market size analysis, by region, 2025-2035
7.4. Deep Water
7.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
7.4.2. Market size analysis, by region, 2025-2035

Chapter 8. Global Offshore Decommissioning Market Size & Forecasts by Region 2025–2035
8.1. Growth Offshore Decommissioning Market, Regional Market Snapshot
8.2. Top Leading & Emerging Countries
8.3. North America Offshore Decommissioning Market
8.3.1. U.S. Offshore Decommissioning Market
8.3.1.1. Service breakdown size & forecasts, 2025-2035
8.3.1.2. Structure breakdown size & forecasts, 2025-2035
8.3.1.3. Water Depth breakdown size & forecasts, 2025-2035
8.3.2. Canada Offshore Decommissioning Market
8.3.2.1. Service breakdown size & forecasts, 2025-2035
8.3.2.2. Structure breakdown size & forecasts, 2025-2035
8.3.2.3. Water Depth breakdown size & forecasts, 2025-2035
8.4. Europe Offshore Decommissioning Market
8.4.1. UK Offshore Decommissioning Market
8.4.1.1. Service breakdown size & forecasts, 2025-2035
8.4.1.2. Structure breakdown size & forecasts, 2025-2035
8.4.1.3. Water Depth breakdown size & forecasts, 2025-2035
8.4.2. Germany Offshore Decommissioning Market
8.4.2.1. Service breakdown size & forecasts, 2025-2035
8.4.2.2. Structure breakdown size & forecasts, 2025-2035
8.4.2.3. Water Depth breakdown size & forecasts, 2025-2035
8.4.3. France Offshore Decommissioning Market
8.4.3.1. Service breakdown size & forecasts, 2025-2035
8.4.3.2. Structure breakdown size & forecasts, 2025-2035
8.4.3.3. Water Depth breakdown size & forecasts, 2025-2035
8.4.4. Spain Offshore Decommissioning Market
8.4.4.1. Service breakdown size & forecasts, 2025-2035
8.4.4.2. Structure breakdown size & forecasts, 2025-2035
8.4.4.3. Water Depth breakdown size & forecasts, 2025-2035
8.4.5. Italy Offshore Decommissioning Market
8.4.5.1. Service breakdown size & forecasts, 2025-2035
8.4.5.2. Structure breakdown size & forecasts, 2025-2035
8.4.5.3. Water Depth breakdown size & forecasts, 2025-2035
8.4.6. Rest of Europe Offshore Decommissioning Market
8.4.6.1. Service breakdown size & forecasts, 2025-2035
8.4.6.2. Structure breakdown size & forecasts, 2025-2035
8.4.6.3. Water Depth breakdown size & forecasts, 2025-2035
8.5. Asia Pacific Offshore Decommissioning Market
8.5.1. China Offshore Decommissioning Market
8.5.1.1. Service breakdown size & forecasts, 2025-2035
8.5.1.2. Structure breakdown size & forecasts, 2025-2035
8.5.1.3. Water Depth breakdown size & forecasts, 2025-2035
8.5.2. India Offshore Decommissioning Market
8.5.2.1. Service breakdown size & forecasts, 2025-2035
8.5.2.2. Structure breakdown size & forecasts, 2025-2035
8.5.2.3. Water Depth breakdown size & forecasts, 2025-2035
8.5.3. Japan Offshore Decommissioning Market
8.5.3.1. Service breakdown size & forecasts, 2025-2035
8.5.3.2. Structure breakdown size & forecasts, 2025-2035
8.5.3.3. Water Depth breakdown size & forecasts, 2025-2035
8.5.4. Australia Offshore Decommissioning Market
8.5.4.1. Service breakdown size & forecasts, 2025-2035
8.5.4.2. Structure breakdown size & forecasts, 2025-2035
8.5.4.3. Water Depth breakdown size & forecasts, 2025-2035
8.5.5. South Korea Offshore Decommissioning Market
8.5.5.1. Service breakdown size & forecasts, 2025-2035
8.5.5.2. Structure breakdown size & forecasts, 2025-2035
8.5.5.3. Water Depth breakdown size & forecasts, 2025-2035
8.5.6. Rest of APAC Offshore Decommissioning Market
8.5.6.1. Service breakdown size & forecasts, 2025-2035
8.5.6.2. Structure breakdown size & forecasts, 2025-2035
8.5.6.3. Water Depth breakdown size & forecasts, 2025-2035
8.6. Latin America Offshore Decommissioning Market
8.6.1. Brazil Offshore Decommissioning Market
8.6.1.1. Service breakdown size & forecasts, 2025-2035
8.6.1.2. Structure breakdown size & forecasts, 2025-2035
8.6.1.3. Water Depth breakdown size & forecasts, 2025-2035
8.6.2. Mexico Offshore Decommissioning Market
8.6.2.1. Service breakdown size & forecasts, 2025-2035
8.6.2.2. Structure breakdown size & forecasts, 2025-2035
8.6.2.3. Water Depth breakdown size & forecasts, 2025-2035
8.7. Middle East and Africa Offshore Decommissioning Market
8.7.1. UAE Offshore Decommissioning Market
8.7.1.1. Service breakdown size & forecasts, 2025-2035
8.7.1.2. Structure breakdown size & forecasts, 2025-2035
8.7.1.3. Water Depth breakdown size & forecasts, 2025-2035
8.7.2. Saudi Arabia (KSA) Offshore Decommissioning Market
8.7.2.1. Service breakdown size & forecasts, 2025-2035
8.7.2.2. Structure breakdown size & forecasts, 2025-2035
8.7.2.3. Water Depth breakdown size & forecasts, 2025-2035
8.7.3. South Africa Offshore Decommissioning Market
8.7.3.1. Service breakdown size & forecasts, 2025-2035
8.7.3.2. Structure breakdown size & forecasts, 2025-2035
8.7.3.3. Water Depth breakdown size & forecasts, 2025-2035

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Shell plc
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. BP p.l.c.
9.4. TotalEnergies SE
9.5. Exxon Mobil Corporation
9.6. Chevron Corporation
9.7. Aker Solutions ASA
9.8. TechnipFMC plc
9.9. Subsea 7 S.A.
9.10. Saipem S.p.A.
9.11. John Wood Group PLC
9.12. Heerema Marine Contractors
9.13. Allseas Group S.A.
9.14. McDermott International, Ltd.
9.15. Petrofac Limited
9.16. Ramboll Group

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List of Tables/Graphs

List of Tables

Table 1. Global Offshore Decommissioning Market, Report Scope
Table 2. Global Offshore Decommissioning Market Estimates & Forecasts By Region 2024–2035
Table 3. Global Offshore Decommissioning Market Estimates & Forecasts By Segment 2024–2035
Table 4. Global Offshore Decommissioning Market Estimates & Forecasts By Segment 2024–2035
Table 5. Global Offshore Decommissioning Market Estimates & Forecasts By Segment 2024–2035
Table 6. Global Offshore Decommissioning Market Estimates & Forecasts By Segment 2024–2035
Table 7. Global Offshore Decommissioning Market Estimates & Forecasts By Segment 2024–2035
Table 8. U.S. Offshore Decommissioning Market Estimates & Forecasts, 2024–2035
Table 9. Canada Offshore Decommissioning Market Estimates & Forecasts, 2024–2035
Table 10. UK Offshore Decommissioning Market Estimates & Forecasts, 2024–2035
Table 11. Germany Offshore Decommissioning Market Estimates & Forecasts, 2024–2035
Table 12. France Offshore Decommissioning Market Estimates & Forecasts, 2024–2035
Table 13. Spain Offshore Decommissioning Market Estimates & Forecasts, 2024–2035
Table 14. Italy Offshore Decommissioning Market Estimates & Forecasts, 2024–2035
Table 15. Rest Of Europe Offshore Decommissioning Market Estimates & Forecasts, 2024–2035
Table 16. China Offshore Decommissioning Market Estimates & Forecasts, 2024–2035
Table 17. India Offshore Decommissioning Market Estimates & Forecasts, 2024–2035
Table 18. Japan Offshore Decommissioning Market Estimates & Forecasts, 2024–2035
Table 19. Australia Offshore Decommissioning Market Estimates & Forecasts, 2024–2035
Table 20. South Korea Offshore Decommissioning Market Estimates & Forecasts, 2024–2035
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