Strategic Partnerships and Government Investments Fuel Offshore Decommissioning Market 2023 - ResearchAndMarkets.com
The global offshore decommissioning market is anticipated to expand from $5.38 billion in 2022 to $5.82 billion in 2023, with a compound annual growth rate (CAGR) of 8.2%.
- The global offshore decommissioning market is anticipated to expand from $5.38 billion in 2022 to $5.82 billion in 2023, with a compound annual growth rate (CAGR) of 8.2%.
- Offshore decommissioning involves halting oil and gas operations on offshore platforms and restoring the marine environment to its original state.
- The offshore decommissioning market is witnessing a trend of strategic partnerships, exemplified by the collaboration between US-based Worley and Morrison Energy.
- In the face of the Russia-Ukraine conflict and ongoing economic challenges, the Offshore Decommissioning Global Market Report 2023 provides valuable insights and forecasts, aiding decision-making for strategists, marketers, and senior management navigating the evolving offshore decommissioning landscape.