Tapping Out

Oil Companies Are Decommissioning A GrowingNumber Of Offshore Rigs

Offshore oil rigs are going offline. Depressed prices, rising operating costs, aging equipment and, most importantly, tapped out wells have all contributed to a perfect storm: the need to decommission offshore rigs around the world, including in the North Sea, Gulf of Mexico and Middle East.
registered user content locked

Many articles are available exclusively to PMI members for 90 days after publication, designated by an orange security icon. After this period, all registered site users may view this content.

or Register

Advertisement

Advertisement

Related Content

Advertisement

Publishing or acceptance of an advertisement is neither a guarantee nor endorsement of the advertiser's product or service. View advertising policy.