Ultra Deep Water Market

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Worlds 1st Real Time Market Intelligence
MicroMarket Monitor
Forecasts

• Global Ultra-Deep Water Market

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On the account of high prices, offshore oil and
gas production has been gradually increasing over
the decades and has picked up momentum strongly
over the past few years, which has resulted in
increase of capital spending in the offshore
arena by the oil and gas companies. In order to
satisfy this growing demand for oil and gas, EP
companies seek to extract the full potential of
remote oil and gas fields, which were once
inaccessible because of technological limitations.
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Deep water drilling is concerned with the
exploration and extraction of oil and natural gas
at depths of several thousands of feet (1000 feet
approx.). Deep water activities were expensive,
however, the high prices of oil and gas during
the 21st decade has made deep water drilling
feasible. With the advancement in technology and
rise in the demand for energy from emerging
economies has made the oil and gas companies
increase their capital spending in deep water
drilling activities.
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Browse through the market data tables, figures
and detailed TOC on the Ultra Deep Water
Drilling Market. http//www.micromarketmonitor.c
om/market-report/ultra-deep-water-reports-55150418
91.html

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Shallow Water Drilling Market

• Shallow water drilling activities is the process
  involving oil and gas exploration and production
  in less than 500 feet of water. Unlike deep and
  ultra-deep water, shallow water rigs have legs
  that reach the bottom of the sea floor and have
  blowout preventers above the surface of the water
  that are accessible for inspection, maintenance
  and repair, and can be controlled either remotely
  or manually in case of an emergency. Drilling
  activity in shallow waters is less risky and
  easier to repair if damaged, because divers are
  able to reach the well.

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