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Deepwater drilling in the Gulf of Mexico is expected to return to pre-blowout levels by the end of 2012

Friday, Oct 26, 2012

Research and Markets (http://www.researchandmarkets.com/research/zxqjft/deepwater) has announced the addition of GlobalData's new report "Deepwater Drilling in the Gulf of Mexico is Expected to Return to Pre-Blowout Levels by the End of 2012" to their offering.

“Deepwater Drilling in the Gulf of Mexico is Expected to Return to Pre-Blowout Levels by the End of 2012”

Deepwater drilling (at water depths of greater than 1,000 feet) in the US Gulf of Mexico (GoM) is making a comeback after the explosion at the Deepwater Horizon rig and the subsequent oil spill in April 2010. Despite the restraining factors, such as increased US government restrictions after the Deepwater Horizon explosion in April 2010 and the risk and high costs involved in deepwater drilling, the return of deepwater drilling is fuelled by several factors such as the high prices of crude oil, success of the 216/222 lease sale, agreement between the US and Mexico on transboundary hydrocarbon reservoirs, and the substantial undiscovered oil and gas reserves.

Scope:
- The report explains how deepwater drilling in the Gulf of Mexico is expected to return to pre-blowout levels by the end of 2012.

- It provides information on the domination of International Oil Companies in securing the majority of new drilling permits issued for the Gulf of Mexico after oil spill in April 2010 .

- It also provides information on success of the 216/222 lease sale, agreement between the US and Mexico on transboundary hydrocarbon reservoirs.

Source: Business Wire

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