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Offshore Drilling Industry

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Old 02-29-2012, 12:30 AM
bhollen76 bhollen76 is offline
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Default Offshore Drilling Industry

The production from offshore regions accounts for an increasing share of the total world oil and gas production. Offshore crude oil production accounts for around 30% or more of the total global crude oil production. Also, offshore natural gas production accounts for about a quarter of the total world natural gas production.

In the recent decade, the offshore crude oil industry has witnessed consistent growth in production. The global crude oil production from offshore resources is expected to increase in the near future, mainly due to an increase in offshore production from major offshore regions worldwide, such as deepwater US Gulf of Mexico, offshore Brazil, offshore Africa. offshore India, China and Australia, and also offshore regions in the European regions. In the past decade, offshore drilling activity has picked up pace worldwide, as an increased effort to meet energy needs.
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