IHS Markit Offshore Decommissioning Study Report

11/29/16 1:02 pm EST

HOUSTON (Nov. 29, 2016) – The decommissioning of aging offshore oil and gas platforms, subsea wells and related assets is increasing dramatically, with more than 600 projects expected to be disposed of during the next five years alone. This rapid trend toward decommissioning is causing spending to rise significantly, according to a new study by IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions.