Offshore Decommissioning Market to Witness High Growth Owing to Market Opportunities

The Offshore Decommissioning Market involves the safe retirement and removal of aging offshore oil and gas installations such as platforms, subsea wells, pipelines, and related infrastructure. This market encompasses services ranging from engineering design, vessel chartering, and cutting operations to plug-and-abandon services and site remediation. Companies leverage specialized vessels equipped with heavy-lift cranes, remotely operated vehicles (ROVs), and diving support systems to ensure compliance with stringent environmental regulations and minimize ecological impact.

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