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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.
What else can I help you with?
What are pros and cons of oil shale energy?
Pros of oil shale energy include abundant domestic supply, potential for energy independence, and the ability to extract oil from unconventional sources. However, the cons include high production costs, environmental damage from extraction methods, and the release of greenhouse gases during processing.
What are the pros and cons of non renewable energy?
Pros of non-renewable energy include reliability and ease of production, while cons include environmental pollution, contribution to climate change, and depletion of finite resources like coal, oil, and natural gas.
Are the fossil fuels coal and oil found in Antarctica useable?
Yes, coal deposits have been found in Antarctica, but extracting and using them is currently not economically viable due to the extreme conditions in the region. As for oil, there have been limited exploration efforts in Antarctica, but the environmental sensitivity and protection regulations in place make commercial oil extraction unlikely.
What is the oil operator who drills for wells called?
An oil operator responsible for drilling wells is typically called a "drilling contractor." They are hired to execute the drilling operations at a specific location based on the requirements provided by the oil company.
What is it called when oil is dug out the ground?
It is called oil drilling or petroleum extraction.
Debate drilling for oil in Latin America?
It is a matter of pros and cons: ecological, social and political views must be sorted out.
What are the pros and cons of tar sands?
pros they have alot of oil in them cons there expensive to extract , there hard to extract
What are cons for drilling for oil in Alaska?
More oil there than in all of the middle east.
What could be harm of drilling for oil in Antarctica?
The environment is too cold to support drilling equipment.
Which country is drilling for oil in Antarctica?
The Antarctic Treaty System prohibits any mining or drilling for oil in Antarctica. All activities in Antarctica are closely monitored and regulated by the Antarctic Treaty parties to protect the continent's environment and ecosystem.
Does oil threaten Antarctica?
No, because there is no drilling for oil permitted south of 60 degrees South Latitude.
What are pros and cons of oil shale energy?
Pros of oil shale energy include abundant domestic supply, potential for energy independence, and the ability to extract oil from unconventional sources. However, the cons include high production costs, environmental damage from extraction methods, and the release of greenhouse gases during processing.
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...
What are the Pros and cons on refineries?
Pros- provide places to refine oil and other crude substances; new refineries have 80% less emissions Cons- environmental damage; costs a lot of money; only a "quick fix" (we are eventually going to run out of oil)
How is Antarctica being exploited for oil?
There is no commercial oil drilling on Earth south of 60 degrees S, per the Antarctic Treaty.
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.
