Deepwater drilling advancements
Journal Article
·
· Offshore; (United States)
OSTI ID:6994693
Problems encountered and solved during the drilling of the record deepwater well, Blue H-28 (4876 ft), drilled off the coast of Gander, Newfoundland are reiterated. The fact that deepwater production of petroleum and natural gas has not kept pace with the technology for drilling deepwater wells is pointed out. New developments in technology for production from deepwater wells are discussed briefly. All of the new technological advances that should contribute to production from deepwater wells will be very expensive. Five parameters are listed that exert great economic influence on the production of oil from deepwater reservoirs. These are high producing wells, large reserves, favorable tax treatment, free market price of oil and gas, and stable and favorable political climate. The US does not score very high on 4 of these parameters, and Canada and those European nations which have not nationalized their oil industry score highest on the parameters favoring deepwater production. (BLM)
- OSTI ID:
- 6994693
- Journal Information:
- Offshore; (United States), Journal Name: Offshore; (United States) Vol. 40:6; ISSN OFSHA
- Country of Publication:
- United States
- Language:
- English
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