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As per available reports about, 5 journals, conference proceedings, 250 global conferences, 28 National symposiums and 70 articles are being published on fields related to offshore extraction.
Offshore drilling for oil and natural gas on the continental shelf is carried out in many waters and at large depths. As described by the U.S. National Ocean Industries Association (NOIA): "Today, offshore activities take place in waters of more than half the nations on earth. And no longer do primitive, shore-bound wooden wharves confine offshore operators. Instead, they drill wells from modern steel or concrete structures. These structures are, in many cases, movable. What is more, they can float while being moved, and often while drilling. Further, offshore rigs have drilled in waters over 7,500 feet (over 2,200 meters) deep and as far as 200 miles (over 300 kilometers) from shore". It should also be noted that the lifetime of a rig is generally about 20 years. At the end of that time, unless it is re-used or redeveloped, it must be decommissioned. Topics like Mineral oil, solvents, heating oil, lubricating oil, vegetable oil are of interest.
Scope and importance:
The major potential environmental effects from offshore drilling occur from the discharge of wastes, including drilling fluids (also referred to as drilling muds), drill cuttings and produced formation water. The decommissioning of platforms/rigs is also a potential environmental problem. IMCA is a trade association and exists for the benefit of its members across the offshore, marine and underwater engineering industry. In common with other trade associations, we provide members with guidance, allowing them to 'self-regulate' rather than look to clients or governments for setting rules and procedures. While governments legislate on a range of issues in the public interest, they cannot produce legislation for every part of an industry's operations - nor may that be desirable. A key benefit of industry guidance is that it can be implemented and updated more quickly than legislation, which is vital in an industry with rapidly advancing technology. As a trade association we must also comply with international competition law (competition, antitrust and similar laws). We use strict guidelines to ensure compliance.
Market analysis:
Increase in demand for oil and gas as well as other petroleum products accompanied with high oil prices across the globe has compelled market players to make huge investments and search for new offshore reserves of oil and gas. The report indicates that this will boost the growth of the offshore drilling market. New technologies related to offshore drilling will create significant opportunities for the offshore drilling market. However, offshore drilling affects the surrounding environment and various environmental regulations concerning the same could restrain the growth of the offshore drilling market. The report mentions the Environmental Protection Agency (EPA) in the U.S., which has put stringent regulations on certain types of offshore drilling such as hydraulic fracturing, which is done to extract shale hydrocarbons from rocks below the seabed. Depending on the application, the report categorizes the global offshore drilling market into deep-water drilling, ultra deep-water drilling, and shallow drilling. Depending on the services, the offshore drilling market has been segmented into offshore contract drilling, directional drilling, logging while drilling, and subsea production and processing. The report forecasts that the subsea drilling and directional drilling segments would grow during the forecast period. Besides drilling, allied services such as construction, safety and geographical survey, and personnel and equipment transport play an important role in offshore drilling activities. The report segments the global offshore drilling market into five key regions: Asia Pacific, North America, Europe, the Middle East, and Rest of the World. Middle Eastern nations have been the hub for offshore drilling activities. However, the report suggests that the focus has shifted to the golden triangle, consisting of the Gulf of Mexico, Brazil, and West Africa.
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This page was last updated on November 6, 2024
