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Decommissioning refers to the process of ending oil and gas operation at the offshore platformkeeping in account the risk and safety of the offshore environment
Factors such as decline in crude oil prices coupled with growing number of maturing oil & gas fields in predicted to drive growth for offshore decommissioning
Global offshore decommissioning market was valued at US$ 6.3 Billion in 2021 in terms of revenue, exhibiting a CAGR of 5.9% by (2022 to 2030).
The Global Offshore Decommissioning Market had revenues of US$ 6.3 billion in 2021 and a CAGR of 5.9 percent from 2022 to 2030.