Offshore Decommissioning Market Report 2026

The offshore decommissioning market size has grown strongly in recent years. It will grow from $6.94 billion in 2025 to $7.52 billion in 2026 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to maturation of offshore oilfields, regulatory decommissioning mandates, aging platform infrastructure, decline in offshore production, environmental compliance requirements.

The offshore decommissioning market size is expected to see strong growth in the next few years. It will grow to $10.27 billion in 2030 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to increase in offshore asset retirements, stricter environmental regulations, growth in subsea infrastructure removal, investment in sustainable decommissioning methods, rising offshore wind repurposing activities. Major trends in the forecast period include rising decommissioning of aging offshore assets, growing focus on environmental restoration, increased use of robotic and remote technologies, expansion of subsea decommissioning services, emphasis on recycling and material reuse.

The growing demand for crude oil products is expected to drive the expansion of the offshore decommissioning market in the coming years. Crude oil products include fuels and materials such as gasoline, diesel, jet fuel, and petrochemical feedstocks, refined from crude oil for energy, transportation, and industrial use. This demand is rising due to rapid industrialization and urbanization, which increase energy consumption for transportation, manufacturing, and infrastructure development globally. The offshore decommissioning market supports this demand by enabling the safe retirement and replacement of aging offshore assets, helping maintain long-term offshore oil and gas production capacity. For example, in January 2024, the U.S. Energy Information Administration, a U.S.-based government organization, projected that OPEC+ crude oil production in 2025 would average 37.2 million b/d, up from 36.4 million b/d in 2024. Therefore, the increasing demand for crude oil products is expected to support growth in the offshore decommissioning market during the forecast period.

Leading companies in the offshore decommissioning market are focusing on strategic partnerships, such as integrated decommissioning solutions, to strengthen their competitive position. Integrated decommissioning solutions provide a comprehensive service approach that combines engineering, dismantling, waste management, and recycling of offshore oil and gas infrastructure into a single, coordinated process. For example, in February 2024, Sapura Energy, a Malaysia-based offshore contractor, partnered with AF Offshore Decom, a U.S.-based decommissioning company, to launch Kitar Solutions, a joint venture offering end-to-end offshore decommissioning services. This solution combines regional expertise with advanced dismantling techniques, delivers full engineering-to-waste disposal support, and streamlines operations for more efficient and sustainable decommissioning.

In August 2025, Kent PLC, a UAE-based integrated energy services company, acquired Exceed (XCD) Holdings Limited for an undisclosed sum. Through this acquisition, Kent aims to strategically expand its presence in the rapidly growing global decommissioning market and provide full lifecycle energy services, including late-life operations and safe decommissioning of offshore assets. Exceed (XCD) Holdings Limited, based in the UK, is a well management, subsurface, and decommissioning engineering services provider with over 20 years of experience delivering complex offshore well projects and decommissioning solutions across more than 40 countries.

Major companies operating in the offshore decommissioning market are TechnipFMC PLC, Petrofac Limited, John Wood Group Plc, Aker Solutions ASA, Allseas Group SA,Equinor ASA, Schlumberger Ltd., Acteon Group Ltd, DNV GL, AF Gruppen ASA, Reliance Industries Limited, Cairn Oil and Gas, Essar Offshore Subsea Limited, Afcons Infrastructure Limited, Seamec Ltd, China Offshore Oil Engineering Corporation, Shanghai Salvage Company, China Oilfield Services Limited, Shanghai Zhenhua Heavy Industries Company, Boskalis Subsea Services, Augean North Sea Services, Veolia Environmental Services, ASCO Group, Gazprom, Rosneft, LUKOIL, NOVATEK, Sovcomflot, ExxonMobil Corporation, Baker Hughes Company, Halliburton Offshore Services Inc., Weatherford International PLC, Tetra Technologies Inc., Allnorth Consultants, Petrogas Group, R.J. MacIsaac Construction Ltd, Petrobras, OceanPact, Subsea 7, Ocyan, Oceaneering, Norwell Engineering, Aries Marine, Gulfstream Services, Decom Engineering, Environment Quality Services, The Sparrows Group, Southey Contracting, Sasol, Alduco Engineering Services.

Europe was the largest region in the offshore decommissioning market in 2025. The regions covered in the offshore decommissioning market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the offshore decommissioning market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The offshore decommissioning market includes revenues earned by entities by structural tear-down, building material segregation, debris removal, and recycling, pressure washing, surface wipe-down, lead paint or asbestos abatement, storage tank removal, and other types. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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