PUBLISHER: The Business Research Company | PRODUCT CODE: 1929079
PUBLISHER: The Business Research Company | PRODUCT CODE: 1929079
Offshore decommissioning is the process of ceasing oil and gas operations on an offshore platform and restoring the seafloor and ocean to their pre-lease conditions.
The primary services involved in offshore decommissioning include project management, engineering and planning, platform preparation, well plugging and abandonment, conductor removal, platform removal, pipeline and power cable decommissioning, material disposal and site clearance, and other related services. Project management encompasses activities such as defining project objectives, establishing checkpoints, creating various scenarios, and developing contingency plans. Different structures, including topside, substructure, and subsea infrastructure, are utilized in various applications such as shallow water and deep water within the context of offshore decommissioning.
Tariffs have impacted the offshore decommissioning market by increasing costs for heavy lifting equipment, specialized vessels, and subsea tooling. These impacts are most pronounced in deepwater and complex platform removal projects, particularly in europe and asia pacific. Project budgets have increased due to higher equipment import duties. Scheduling delays have occurred because of longer procurement cycles. However, tariffs are encouraging regional vessel utilization and local service provider development.
The offshore decommissioning market research report is one of a series of new reports from The Business Research Company that provides offshore decommissioning market statistics, including offshore decommissioning industry global market size, regional shares, competitors with a offshore decommissioning market share, detailed offshore decommissioning market segments, market trends and opportunities, and any further data you may need to thrive in the offshore decommissioning industry. This offshore decommissioning market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The offshore decommissioning market size has grown strongly in recent years. It will grow from $6.94 billion in 2025 to $7.52 billion in 2026 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to maturation of offshore oilfields, regulatory decommissioning mandates, aging platform infrastructure, decline in offshore production, environmental compliance requirements.
The offshore decommissioning market size is expected to see strong growth in the next few years. It will grow to $10.27 billion in 2030 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to increase in offshore asset retirements, stricter environmental regulations, growth in subsea infrastructure removal, investment in sustainable decommissioning methods, rising offshore wind repurposing activities. Major trends in the forecast period include rising decommissioning of aging offshore assets, growing focus on environmental restoration, increased use of robotic and remote technologies, expansion of subsea decommissioning services, emphasis on recycling and material reuse.
The growing demand for crude oil products is expected to drive the expansion of the offshore decommissioning market in the coming years. Crude oil products include fuels and materials such as gasoline, diesel, jet fuel, and petrochemical feedstocks, refined from crude oil for energy, transportation, and industrial use. This demand is rising due to rapid industrialization and urbanization, which increase energy consumption for transportation, manufacturing, and infrastructure development globally. The offshore decommissioning market supports this demand by enabling the safe retirement and replacement of aging offshore assets, helping maintain long-term offshore oil and gas production capacity. For example, in January 2024, the U.S. Energy Information Administration, a U.S.-based government organization, projected that OPEC+ crude oil production in 2025 would average 37.2 million b/d, up from 36.4 million b/d in 2024. Therefore, the increasing demand for crude oil products is expected to support growth in the offshore decommissioning market during the forecast period.
Leading companies in the offshore decommissioning market are focusing on strategic partnerships, such as integrated decommissioning solutions, to strengthen their competitive position. Integrated decommissioning solutions provide a comprehensive service approach that combines engineering, dismantling, waste management, and recycling of offshore oil and gas infrastructure into a single, coordinated process. For example, in February 2024, Sapura Energy, a Malaysia-based offshore contractor, partnered with AF Offshore Decom, a U.S.-based decommissioning company, to launch Kitar Solutions, a joint venture offering end-to-end offshore decommissioning services. This solution combines regional expertise with advanced dismantling techniques, delivers full engineering-to-waste disposal support, and streamlines operations for more efficient and sustainable decommissioning.
In August 2025, Kent PLC, a UAE-based integrated energy services company, acquired Exceed (XCD) Holdings Limited for an undisclosed sum. Through this acquisition, Kent aims to strategically expand its presence in the rapidly growing global decommissioning market and provide full lifecycle energy services, including late-life operations and safe decommissioning of offshore assets. Exceed (XCD) Holdings Limited, based in the UK, is a well management, subsurface, and decommissioning engineering services provider with over 20 years of experience delivering complex offshore well projects and decommissioning solutions across more than 40 countries.
Major companies operating in the offshore decommissioning market are TechnipFMC PLC, Petrofac Limited, John Wood Group Plc, Aker Solutions ASA, Allseas Group SA,Equinor ASA, Schlumberger Ltd., Acteon Group Ltd, DNV GL, AF Gruppen ASA, Reliance Industries Limited, Cairn Oil and Gas, Essar Offshore Subsea Limited, Afcons Infrastructure Limited, Seamec Ltd, China Offshore Oil Engineering Corporation, Shanghai Salvage Company, China Oilfield Services Limited, Shanghai Zhenhua Heavy Industries Company, Boskalis Subsea Services, Augean North Sea Services, Veolia Environmental Services, ASCO Group, Gazprom, Rosneft, LUKOIL, NOVATEK, Sovcomflot, ExxonMobil Corporation, Baker Hughes Company, Halliburton Offshore Services Inc., Weatherford International PLC, Tetra Technologies Inc., Allnorth Consultants, Petrogas Group, R.J. MacIsaac Construction Ltd, Petrobras, OceanPact, Subsea 7, Ocyan, Oceaneering, Norwell Engineering, Aries Marine, Gulfstream Services, Decom Engineering, Environment Quality Services, The Sparrows Group, Southey Contracting, Sasol, Alduco Engineering Services
Europe was the largest region in the offshore decommissioning market in 2025. The regions covered in the offshore decommissioning market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the offshore decommissioning market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The offshore decommissioning market includes revenues earned by entities by structural tear-down, building material segregation, debris removal, and recycling, pressure washing, surface wipe-down, lead paint or asbestos abatement, storage tank removal, and other types. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Offshore Decommissioning Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses offshore decommissioning market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for offshore decommissioning ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The offshore decommissioning market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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