Abstract

The continued demand for crude oil and related petroleum products along with the resulting upward spiral of the market price of oil have forced oil exploration and production companies to seek out new reserves farther offshore and in deeper waters. The United States is among the top five nations globally in terms of estimated offshore oil reserves and petroleum production. Yet deepwater drilling to extract these reserves is a major engineering challenge for oil companies. Moreover, such drilling activity also comes with a significant environmental risk, and the extremely high pressures associated with deepwater oil wells mean that the mitigation of accidental releases from a deepwater spill is truly a challenging endeavor.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.