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Deepwater drilling, [1] or deep well drilling, [2] is the process of creating holes in the Earth's crust using a drilling rig for oil extraction under the deep sea. There are approximately 3400 deepwater wells in the Gulf of Mexico with depths greater than 150 meters.
In 2011, the company acquired Aker Drilling, which owned 4 harsh environment rigs used for drilling near Norway. [20] In 2012, the company sold 38 shallow water rigs and narrowed its focus on high-specification deepwater rigs. [21] In 2013, the company was added to the S&P 500 index. [22]
Deepwater Horizon was an ultra-deepwater, dynamically positioned, semi-submersible offshore drilling rig [7] owned by Transocean and operated by the BP company. On 20 April 2010, while drilling in the Gulf of Mexico at the Macondo Prospect, a blowout caused an explosion on the rig that killed 11 crewmen and ignited a fireball visible from 40 miles (64 km) away. [8]
Ultra-deepwater drilling is the buzzword right now. Noble Corp. (NYS: NE) is the latest to jump onto the ultra-deepwater drilling bandwagon, and it has produced pleasant results. And this is just ...
Drilling for oil and natural gas in deep water isn't slowing down, and results announced in the last 24 hours confirm that this will continue to be a hotspot for investors. Noble (NYS: NE ...
Alcoa's AADP® was also successfully used in complicated deep water drilling applications by Brunei Shell Petroleum Co. Sdn. Bhd., offshore Seria, Brunei, to a total depth of 7,485 meters (4.6 ...