Global offshore decommissioning market value 2019-2024

With many oil rigs reaching their end-of-life cycle and growing concerns about the impact of continued fossil fuel consumption, the offshore decommissioning market is expected to increase in the coming years. Projections expect a compound annual growth rate of 4.9 percent, which would see the global offshore decommissioning market reach a value of 8.3 billion U.S. dollars in 2024.

Market value of offshore decommissioning worldwide in 2019 and 2024

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Source

Release date

March 2020

Region

United Kingdom

Survey time period

2019

Supplementary notes

*Projected based on a compound annual growth rate of 4.9 percent during the forecast period 2019-2024.

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Statistics on "Global oil rigs"

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