Gulf of Mexico Oil & Gas Decommissioning Market Trends

Statistics for the 2023 & 2024 Gulf of Mexico Oil & Gas Decommissioning market trends, created by Mordor Intelligence™ Industry Reports. Gulf of Mexico Oil & Gas Decommissioning trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Market Trends of Gulf of Mexico Oil & Gas Decommissioning Industry

This section covers the major market trends shaping the Gulf of Mexico Oil & Gas Decommissioning Market according to our research experts:

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.
Gulf of Mexico Oil & Gas Decommissioning Market, Revenue Share, by Water Depth

Gulf of Mexico Oil & Gas Decommissioning Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)