Why oil and gas drilling is going deeper and further offshore

By Lou Gagliardi, Guest blogger / July 2, 2013

Offshore oil and gas drilling is moving further offshore and deeper underwater as energy companies seek to find sources of production in low-risk areas, Gagliardi writes. The added incentive is that more remote basins may hold the promise of significant deposits of hydrocarbons with 200 million barrels or more of recoverable reserves.

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