Offshore Oil

"Offshore" refers to the discovery and development of oil and gas resources which lie underwater. Usually the term refers to ocean-based oil extraction , though the term can also apply to drilling in lakes and inland seas. The remote locations and harsh conditions of offshore oil production present different challenges than do land-based operations. Platforms and facilities must be carefully designed, assembled, and maintained to ensure safe, productive, and environmentally responsible operations.

Crew supplies , transportation, and waste disposal all rely on support vessels, and must be carefully coordinated to make the most of limited time, space, and resources. The isolation and cramped conditions of offshore facilities can cause personnel difficulties. Rig work is considered higher risk and the staff usually receive higher salary than industry workers in other fields. Technological advances in communications, such as video conferencing, have made it possible to keep more personnel onshore.

Offshore drilling presents environmental challenges, especially in extreme conditions or when operations are located close to land. Platforms are designed to function in many different situations: from shallow-water steel jackets and jackup barges; to floating semi-submersibles and deepwater drillships. There are currently more than 600 mobile offshore drilling rigs in the competitive rig fleet, including jackups, semisubs, drillships, and barges.

Tags: Offshore Oil

Image: Iranian Offshore Oil Company

IOOC Launches First PIMS

Iranian Offshore Oil Company (IOOC), a subsidiary of the National Iranian Oil Company…

Image: Sif Holding N.V.

Sif Holding Eyes Japan Project

Sif Holding, the manufacturer of large steel tubulars, has entered into exclusive…

Image: COSCO Shipping

COSCO Shipping and CNOOC Sign Pact

China’s largest offshore oil and gas producer China National Offshore Oil Corporation…

Image: Oil and Gas Authority

OGS: UK Offshore Energy Integration Advancing

Increased integration between offshore wind and other marine renewables and offshore…

(Image: VARD)

First Jones Act SOV Gets ABS Nod

Classification society ABS said it has granted the first Approval in Principle (AIP)…

Photo: Unique Group

Unique Group Wins COOEC Contract

Unique Group has been awarded a multi-million-dollar contract by China Offshore Oil Engineering Co.…

Skandi Hercules. Image: DOF Subsea AS

DOF Subsea Bags APAC Contracts

Norway-based international subsea operating company DOF Subsea announced several…

Image: MMA Offshore

New Contracts, Extensions for MMA Offshore

MMA Offshore, the provider of marine solutions and expertise to the offshore oil and gas industry…

LOC Group Wins BP Contract

LOC Group, a provider of services to the offshore oil and gas industry, announced…

 Image: Kosmos Energy

Kosmos Strikes Oil Off Equatorial Guinea

American upstream oil company founded and based in Dallas Kosmos Energy made an offshore…

Graph: Rystad Energy

E&P Companies Struggle on RoI

International  exploration & production (E&P) are struggling to make money from offshore…

Nicolette Nye, Vice President of Communications and Member Development of the National Ocean Industries Association (NOIA) in Washington, DC.

OP/ED: Offshore Wind

Set to Soar, Taking Offshore Support Industry With it.Offshore energy development…

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