Ageing Oil Assets

Energy, Oil & Gas

The Middle East ‘prepares’ for massive decommissioning of ageing oil assets

Sun, 01 Mar 2026

The Middle East, historically a cornerstone of global oil and gas supply, is poised to emerge as a significant hub for asset decommissioning, with around 700 offshore facilities currently awaiting action and projections indicating an increase to 1,000 structures and 300 wells by 2038.