Global Well Abandonment Services Market is accounted for $1.19 billion in 2020 and is expected to reach $2.04 billion by 2028 growing at a CAGR of 7.0% during the forecast period. Maturing oil and gas fields, the emergence of rigless well abandonment techniques, and multiple advancements in the domain of well-management and control are propelling the market growth.
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By geography, Europe is going to have high growth during the forecast period due to the rising interests of governments towards decommissioning projects along with aging mature fields in the region and extensive decommissioning activities of offshore oil and gas platforms.
Some of the key players profiled in the Well Abandonment Services Market include Weatherford International, Tetra Technologies, Inc., AF Gruppen, Schlumberger, Ramboll, Oceaneering International, Aker Solutions, Halliburton, Expro, Baker Hughes, John Wood Group, Acteon Group and TechnipFMC.
Services Covered in Well Abandonment Services Market
• Permitting & Regulatory Compliance
• Well Plugging & Abandonment
• Site Clearance
• Pipeline & Power Cable Decommissioning
• Materials Disposal
Product Types Covered:
• Shut In
• Temporarily Abandoned
Removal Types Covered:
• Partial Removal
• Leave In Place
• Complete Removal
• Deep Water
• Shallow Water
• Sub Infrastructure
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