The question, in short is. What is the future in offshore deepwater drilling ?
The only answer to this is subsea drilling, and in a comparatively practical drilling concept being developed in a joint industry project; Seabed Drill Rig - SDR. The difference here is a prototype could emerge by the end of 2009. Drilling offshore wells from the sea bottom actually is an older concept than drilling from the water's surface. Patents for such rigs were filed as far back as the 1840s. But then, concepts are just that ideas that are only half-baked until somebody turns up the heat.
In practice, o... read more