Offshore Decommissioning Services Market: Size, Share

Divya12 Jun, 2024Business

Offshore decommissioning services refer to the process of safely and responsibly removing and disposing of offshore oil and gas facilities that are no longer in use. This typically includes platforms, wells, pipelines, and associated infrastructure. Decommissioning is carried out when these structures reach the end of their productive life or become uneconomical to operate. Most of the geological compositions that manufacture oil and gas have restricted lifecycles. These formations must be predisposed when no longer in utilization. This makes sure that the surrounding zone is protected from substantial pollution.