Deepwater drilling

Deepwater drilling

Deepwater drilling is the process of oil and gas exploration and production far from the coastline. Though definitions vary, drilling is generally considered "deepwater" if it is in water depths of more than 1,000 ft.

It has been economically infeasible for many years, but with rising oil prices, more companies are investing in this area. Major companies working in this sector include Diamond Offshore, TransOcean, Baker Hughes and Global Santa Fe.

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