Gulf Of Mexico Offshore Decommissioning Market Size and Share
Market Overview
| Study Period | 2021 - 2031 |
|---|---|
| Base Year For Estimation | 2025 |
| Forecast Data Period | 2026 - 2031 |
| Historical Data Period | 2021 - 2024 |
| Growth Rate | 6.80% CAGR |
| Market Concentration | Low |
Major Players *Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0. | |
Gulf Of Mexico Offshore Decommissioning Market Analysis by Mordor Intelligence
The Gulf of Mexico Offshore Decommissioning Market was valued at USD 1.77 billion in 2025 and estimated to grow from USD 1.89 billion in 2026 to reach USD 2.62 billion by 2031, at a CAGR of 6.80% during the forecast period (2026-2031).
- The decommissioning market in shallow waters holds the largest market in recent years. But, the deepwater regions is expected to grow faster during 2020-2025, as the number of potential projects available in shallow waters is drying up.
- Deepwater projects are subject to greater levels of regulatory scrutiny and require specialized heavy-lift vessels to remove topsides. The unit cost to decommission deepwater projects is much greater, due to operational complexity and increased spread rates for marine vessels. The shift toward decommissioning deepwater facilities will present a range of new opportunities, as well as challenges for companies.
Note: Market size and forecast figures in this report are generated using Mordor Intelligence’s proprietary estimation framework, updated with the latest available data and insights as of January 2026.
Gulf Of Mexico Offshore Decommissioning Market Trends and Insights
Deepwater to Register Highest Growth Rate
- The deepwater decommissioning segment is in better shape, significant growth of decommissioning in these waters remains unlikely in the foreseeable future.
- Deepwater projects require adherence to more stringent safety regulations and more investment in the form of purpose-built vessels. The equipment typically used for shallow water operations cannot be transferred for use in a deepwater environment. With the development of the deepwater market, the demand for new technologies, which reduce costs and provide better safety, is expected to grow exponentially.
- Therefore, deepwater decommissioning has better prospects during the forecast period, with the increase in oil prices and the development of affordable technologies, crucial to enabling the next phase in offshore removals and abandonment in the United States.
Competitive Landscape
The Gulf of Mexico Offshore Decommissioning Market is fragmented. The major companies include Proserv Group Inc., Ramboll Group, Ardent, and TETRA Technologies, Inc.
Gulf Of Mexico Offshore Decommissioning Industry Leaders
Proserv Group Inc.
Ramboll Group
TETRA Technologies, Inc.
Ardent Global LLC
- *Disclaimer: Major Players sorted in no particular order
Gulf Of Mexico Offshore Decommissioning Market Report Scope
The Gulf of Mexico Offshore Decommissioning Market report includes:
| Shallow Water |
| Deepwater |
| Water Depth | Shallow Water |
| Deepwater |
Key Questions Answered in the Report
What is the current Gulf of Mexico Oil & Gas Decommissioning Market size?
The Gulf of Mexico Oil & Gas Decommissioning Market is projected to register a CAGR of 6.80% during the forecast period (2026-2031)
Who are the key players in Gulf of Mexico Oil & Gas Decommissioning Market?
Proserv Group Inc., Ramboll Group, TETRA Technologies, Inc. and Ardent Global LLC are the major companies operating in the Gulf of Mexico Oil & Gas Decommissioning Market.
What years does this Gulf of Mexico Oil & Gas Decommissioning Market cover?
The report covers the Gulf of Mexico Oil & Gas Decommissioning Market historical market size for years: 2021, 2022, 2023, 2024 and 2025. The report also forecasts the Gulf of Mexico Oil & Gas Decommissioning Market size for years: 2026, 2027, 2028, 2029, 2030 and 2031.
