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North Sea Offshore Decommissioning Market Growth, Trends, and Forecast Report 2020-2025: Major Players are Aker Solutions, AF Gruppen SA, John Wood Group PLC, and Able UK - ResearchAndMarkets.com
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Research and Markets: North Sea Offshore Decommissioning Market Growth, Trends, and Forecast Report 2020-2025: Major Players are Aker Solutions, AF Gruppen SA, John Wood Group PLC, and Able UK - ResearchAndMarkets.com
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The North Sea offshore decommissioning market is expected to register a CAGR of over 5% during the forecast period of 2020 2025.
Factors, such as aging offshore infrastructure in the oil and gas industry, rising offshore oil and gas production activities, and increasing oil and gas demand, are expected to be major drivers driving the market. However, the volatile nature of oil prices in recent years led to decreased capital expenditure in the upstream oil and gas industry, causing a slowdown for the market studied.