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No company is currently (as of May 21, 2009) drilling for oil in Antartica. I base this on a search of the internet.

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Q: Which country is drilling for oil in Antarctica?
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What could be harm of drilling for oil in Antarctica?

The environment is too cold to support drilling equipment.


Can drilling in antarctica ruin the economy?

Antarctica is governed by the Antarctic Treaty, which expressly forbids drilling. The economy of Antarctica is non-existent, because there is no country there to evaluate in these terms.


Does oil threaten Antarctica?

No, because there is no drilling for oil permitted south of 60 degrees South Latitude.


What is a non economic cost for drilling oil in Antarctica?

Shell Oil has recently proven with the economic cost of US$7,000,000,000 (billion) that polar oil exploration is not economically feasible. The proved it in the Arctic. The Antarctic Treaty prohibits commercial enterprises south of 60 degrees S., which includes Antarctica.


Why that they did not want to extract the oil in Antarctica?

We are having an assesment on this .LOL. Rocks in Antarctica have been said to have oil, coals and minerals. Even in this case oil drilling is not allowed. It is unlikely that it will ever be allowed because they want to keep Antarctica neutral.From Me...


How is Antarctica being exploited for oil?

There is no commercial oil drilling on Earth south of 60 degrees S, per the Antarctic Treaty.


Are the fossil fuels coal and oil found in Antarctica useable?

Fossil fuels, coal and oil won't be found in Antarctica, because The Antarctic Treaty bans drilling or mineral exploration.


Why are oil companies interested in antarctica?

There is no benefit. Drilling for oil is practically impossible and would not be profitable, since it's too cold for this kind of enterprise. In addition, this work is not allowed under the Antarctic Treaty.


Which country has established oil drilling operations in several African countries?

China


What would be a benefit of oil drilling in Antarctica?

you can't because you will be drilling through ice so eventually you will get to the bottom and that will be the water so you can't find oil in Antartica.


What are they doing to stop oil spills in antarctica?

Oil spills are not a phenomenon on Antarctica. There are fuel spill accidents, which are cleaned up immediately and logged. There are no commercial ventures on earth south of 60 degrees S, per the Antarctic Treaty, so there is no oil drilling that could cause an 'oil spill'.


What are the pros and cons of oil drilling in Antarctica?

At present, drilling for oil is prohibited until 2048. See Wikipedia link. Second, there has been some drilling in the 1970's offshore in the Ross Sea, but only traces of gas were found. It will be hard to justify spending money to explore for oil, as the cost of drilling and producing is very high. So the ban on exploration may continue after 2048. See second link.