The Global Offshore Decommissioning Market is projected to reach USD 11.51 billion by 2028, at a CAGR of 5.7% during the forecast period. As oil & gas fields reach the end of their lifespan, they must be decommissioned.
Key Developments:
• In January 2018, ExxonMobil Upstream Research Company (US), subsidiary of ExxonMobil, entered into a three-year joint development agreement with MagnaBond, LLC, to develop new technologies designed to address well decommissioning activities which focus on developing through-tubing cement evaluation and casing imaging tool that could enhance cost-effective evaluation of well cementing, casing, and tubing. The agreement was an initiative to address challenges associated with well-decommissioning activities such as plugging and abandonment
• In January 2018, EnQuest (UK) signed an agreement with BP for the management of decommissioning activities for Thistle and Deveron production facilities in the UK northern North Sea
• In February 2018, Fairfield Energy awarded Bibby Offshore (UK) the contract for the subsea infrastructure decommissioning (SID) of the Greater Dunlin Area

Companies Covered: Aker Solutions, Epic Companies, Maersk Decom, Bibby Offshore, Proserv Group Inc., Able UK Ltd., Allseas Group SA, Amec Foster Wheeler PLC, John Wood Group PLC, Deepocean Group Holding BV, and Heerema Marine Contractors…
Reasons To Buy This Report:
• Market size estimation of the global offshore decommissioning market on a regional and global basis
• The unique research design for market size estimation and forecast
• Profiling of major companies operating in the market with key developments
• Broad scope to cover all the possible segments helping every stakeholder in the market

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