{open_quote}Optimism{close_quote} is watchword in deep water U.S. Gulf. Exploration, development in OCS frontiers over 1,500 feet threaten domestic drilling depth records
- Offshore Data Services, Inc., Houston, TX (United States)
An air of optimism surrounds deep water drilling and field development activity in the U.S. Gulf of Mexico. In a marketplace that is otherwise characterized by sagging mobile rig activity and worrisome natural gas prices, millions of dollars are budgeted in 1995 for new drilling programs and development of hydrocarbon fields in domestic record-setting water depths on the outer continental shelf`s deep water frontier. It`s possible that exploration and development projects in water depths greater than 1,500 feet offshore Texas and Louisiana could take priority over subsalt development in the near future. Many geologists and reservoir engineers believe deep water areas of the Gulf of Mexico have the potential to rival the largest oil field in the United States-Alaska`s Prudhoe Bay field.
- OSTI ID:
- 79377
- Journal Information:
- Sea Technology, Journal Name: Sea Technology Journal Issue: 4 Vol. 36; ISSN 0093-3651; ISSN SEATAD
- Country of Publication:
- United States
- Language:
- English
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