0
Oil companies always need to explore for new sources of petroleum. Otherwise, they would run out of oil to sell. The most accessible oil fields in the US were drilled and produced many years ago, in particular Pennsylvania and Texas.
Now, to satisfy the demand for oil, the industry is exploring in much less accessible areas, such as deepwater areas of the Gulf of Mexico, Brazil, Nigeria, Angola, and China. Also, the artic area of Alaska is considered to have considerable hydrocarbon resources.
You can find many references on the internet by searching under peak oil, offshore drilling, and semi-submersibles rigs.
Wiki User
∙ 13y ago
Wiki User
∙ 9y agoIt is a bad idea, because it is using up a lot of natural resources. It also damages ocean life to make the machines, and when the oil spills happen, it hurts everything around it.
Add your answer:
Earn +20 pts
What is Diamond Offshore Drilling's population?
The population of Diamond Offshore Drilling is 4,200.
What has the author William J Renfro written?
William J. Renfro has written: 'The mobile offshore drilling industry in the Southwest and the financing of mobile offshore drilling units' -- subject(s): Offshore oil well drilling, Finance
What are the pros and cons of off-shore drilling?
Pros of offshore drilling are lower prices and increased domestic production. Cons of offshore drilling are carbon emissions and environmental hazards.
How many natural disasters were caused by offshore drilling?
None. Any disaster caused by offshore drilling would be a man-made disaster.
Does offshore oil drilling harm wildlife?
Yes, minorly, it is drilling mud.
Where can one find a list of offshore drilling jobs?
One can find a list of offshore drilling jobs on many websites. Craigslist has a category designated to finding workers for these types of jobs. One can find a few listings of offshore drilling jobs on this website.
What is Offshore oil drilling?
Offshore oil drilling refers to the extraction of oil from beneath the seabed in oceans, seas, or other large bodies of water. You can check out mineralview (dot) com blogs for more information.
Who is the largest offshore drilling contractor in the world?
hercules
What is an offshore platform and how is it different an onshore drilling rig?
An offshore platform is a structure that is installed over as group of wells that was drilled by an offshore drilling rig. The function of the platform is to produce the oil from these wells. A platform can be mounted to the seabed or could be a floating type platform. Offshore drilling rigs are for drilling the wells and are mobile and moved from area to area. Onshore drilling rigs are mobile units too and are moved from pad to pad for drilling and exploration. After a well is drilled onshore, a wellhead is installed on the well. There is no need for a platform as this only economically viable in offshore applications. There have been cases where an offshore well was drilled from land into the sea, but operated from land. This can only be possible if the oil formation is not too far offshore.
How does offshore drilling differ from drilling on land?
One is in the ocean and one is on land. It is pretty obvious!
Does Barack Obama favor new drilling offshore?
yes, he was for it first and then like mccain stole the democrat theme of change he claimed all of a sudden he to was for offshore drilling.
When was the Sedco Forex Tansocean deal?
On July 13, 1999, Schlumberger Ltd. announced that it had agreed to merge the offshore drilling operation, Sedco Forex, with Transocean Offshore, to create the world's largest offshore drilling company.
