With increased capacity of oil drills respective the depth they can go, comes a perceived possibility of changes in the dynamics of the industry; geographically, where it is if it there, and if it is there, the effects on the oil exchange stage.
Markedly a geographic region referent, is the South China Sea.
Geologists are steering toward indications that there can be a lot of oil down there, which is supposed to correspond to a lot of money, worth.
U.S. representatives have already been making a presence in the area about the prospective/advent.
Complexity to the arena, is some of the waters involved are 'disputed'.
Further complexity is where the rigs will relocate/ be built.
Basic, introductory information about ultra deep oil drilling at: http://etisworld.com/answers-wiki-fusion-and-product-select/what-is-ultra-deep-water-drilling-oil-focus-who-are-some-of-the-major-contenders-in-this-drilling-arena-
Map of South China Sea:
map courtesy of:
http://www.chinatouristmaps.com/assets/images/chinamaps/south-china-sea.jpg
Monday, February 25, 2013
Ultra-Deep Oil Drilling :: Before the Rush
Labels:
billions of dollars,
money,
oil,
trade,
ultra deep drilling
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