Offshore Technology: Navigating deepwater drilling regulations for the oil and gas industry
Deepwater drilling is becoming increasing important in the oil and gas (O&G) industry as shallower reserves are depleted.
According to Global Energy Monitor’s Global Oil and Gas Extraction Tracker, in 2024, resources totalling approximately eight billion barrels of oil equivalent were announced in new offshore discoveries.
Moving into deepwater environments is generally harder than onshore O&G extraction thanks to a combination of technical, economic and environmental factors.
