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- W196308680 abstract "According to analyses, international oil and gas companies are continuing to find ready markets for their expertise worldwide. In addition, the oversupply condition created by OPEC in the 1980s has changed to near balance by the growth of third world economies in southern Asia and China. Projections of future growth indicate a gradually tightening supply as we enter the next century. This major underlying trend is driving exploration and development both onshore and offshore. Petroleum companies are searching for less-explored areas and trying to gain access to older established areas that, for many reasons, were off limits before. The industry is also expanding the territory available for exploration through the use of new deep water technology. Oil fields are now routinely developed in 3,000-foot waters. Amoco and Sonat Offshore are working together to create a new class of drillship that will drill in 10,000 feet of water. This opens an enormous expanse of virgin territory to exploration that will be explored well into the next century." @default.
- W196308680 created "2016-06-24" @default.
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- W196308680 date "1996-10-01" @default.
- W196308680 modified "2023-09-24" @default.
- W196308680 title "Exploration expanding through newer deep water technologies" @default.
- W196308680 hasPublicationYear "1996" @default.
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