Offshore Decommissioning Market Analysis by Current Industry Status & Growth Opportunities, Top Key Players
Offshore decommissioning refers to safe plugging of the matured and nonproductive wells in the earth's surface together with the disposal of the equipment utilized for offshore oil production. This is a legal condition imposed under the Petroleum Act 1998 of the parliament of the U.K. Decommissioning is a rapidly growing sector in the field of petroleum business, with potential opportunities and few risks. Infrastructure aging and maturing oilfields especially in North Sea and Gulf of Mexico are some major drivers...
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