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Oil & Gas Energy

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  • Publication date: March 2012
Keywords : Offshore drilling, petroleum, oil exploration, mobile offshore drilling unit, offshore oil and gas, natural gas, Gas, oil production, Spar Platform, hydrocarbon, Reserves-to-production ratio

Report Details Oil and gas production from offshore resources is of considerable importance for energy companies as existing base resources are being depleted at a rapid rate. New significant oil discoveries are becoming less common, with the majority of major finds being offshore. A large amount of undeveloped offshore oil and gas fields as well as new offshore discoveries will help drive the MODU market, especially in deepwate...

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