IHS Markit: Lack of deepwater asset inventory challenges operators who seek M&A deals

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Reduced spending for oil and gas exploration is limiting availability of quality deepwater assets for merger and acquisition (M&A) deals, according to a new report by IHS Markit, a UK-based provider of information, analytics and solutions.

This lack of deepwater asset inventory is challenging E&P (exploration and production) operators who seek to acquire assets in order to secure development funds or de-risk their portfolios.

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