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Offshore Decommissioning Market worth $8 0 Billion by 2027

Offshore Decommissioning Market worth $8.0 Billion by 2027 iCrowd Newswire According to the new market research report by Service (Well Plugging & Abandonment, Platform Removal, Conductor Removal) Depth (Shallow, Deepwater) Structure (Topsides, Substructure) Removal (Leave in Place, Partial, Complete), and Region - Global Forecast to 2027″, published by MarketsandMarkets™, the Offshore Decommissioning Market size is expected to grow from an estimated USD 5.2 billion in 2021 to USD 8.0 billion by 2027, at a CAGR of 7.4%. Aging offshore oil & gas infrastructure and maturing fields are driving the offshore decommissioning industry. Low oil prices of the past couple of years have made it even more difficult to maintain low production mature reserves, driving companies to accelerate decommissioning plans for such oil & gas fields.

Hartshead Resources NL advances Concept Select program over Phase I gas fields in UK Southern Gas Basin

) Hartshead Resources advances Concept Select program over Phase I gas fields in UK Southern Gas Basin “This progress, coupled with a strong gas price forecast, is the best possible start we could have aimed for with our Phase I gas development planning,” says CEO. Hartshead is developing its Phase I gas fields in the UK s Southern Gas Basin. Hartshead Resources NL (ASX:HHR) (FRA:P6V0) has made strong progress on its Phase I Concept Select work program in the UK Southern Gas Basin. The work schedule is taking place across Hartshead’s Phase I assets the Viking Wx and Victoria gas fields within its wholly-owned and operated production seaward licence in the Southern Gas Basin.

Offshore Decommissioning Market Size to Reach $8 0 Billion by 2027

Share: The global offshore decommissioning market size is projected to grow USD 8.0 billion by 2027, at a CAGR of 7.4%, from 2021 to 2027. According to the new market research report “ by Service (Well Plugging & Abandonment, Platform Removal, Conductor Removal) Depth (Shallow, Deepwater) Structure (Topsides, Substructure) Removal (Leave in Place, Partial, Complete), and Region – Global Forecast to 2027″, published by MarketsandMarkets™, the Offshore Decommissioning Market size is expected to grow from an estimated USD 5.2 billion in 2021 to USD 8.0 billion by 2027, at a CAGR of 7.4%. Aging offshore oil & gas infrastructure and maturing fields are driving the offshore decommissioning industry. Low oil prices of the past couple of years have made it even more difficult to maintain low production mature reserves, driving companies to accelerate decommissioning plans for such oil & gas fields.

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