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
(in billion U.S. dollars)
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BCC Research. (March 10, 2020). Market value of offshore decommissioning worldwide in 2019 and 2024 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/326070/global-offshore-decommissioning-market-size/
BCC Research. "Market value of offshore decommissioning worldwide in 2019 and 2024 (in billion U.S. dollars)." Chart. March 10, 2020. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/326070/global-offshore-decommissioning-market-size/
BCC Research. (2020). Market value of offshore decommissioning worldwide in 2019 and 2024 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/326070/global-offshore-decommissioning-market-size/
BCC Research. "Market Value of Offshore Decommissioning Worldwide in 2019 and 2024 (in Billion U.S. Dollars)." Statista, Statista Inc., 10 Mar 2020, https://www.statista.com/statistics/326070/global-offshore-decommissioning-market-size/
BCC Research, Market value of offshore decommissioning worldwide in 2019 and 2024 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/326070/global-offshore-decommissioning-market-size/ (last visited December 22, 2024)
Market value of offshore decommissioning worldwide in 2019 and 2024 (in billion U.S. dollars) [Graph], BCC Research, March 10, 2020. [Online]. Available: https://www.statista.com/statistics/326070/global-offshore-decommissioning-market-size/