Review&Forecast Deepwater Drives Oil,.Gas Activities; Optimism for Continued Improvement

摘要

Deepwater activities have been the focus of oil and gas operations over the past 12 months, with optimism that this technology-driven market segment will continue to improve, particularly as crude oil climbed close to $100 per barrel in the closing weeks of 2011, Well permit delays plagued exploration in the Gulf of Mexico as the Obama administration closely scrutinized deepwater permits following the Deepwater Horizon explosion and oil spill in April 2010. New safeguards, techniques, inspections, equipment and containment solutions are now in place in the U.S. gulf and certain international areas to address risks associated with deepwater drilling.