Energy explorers, undeterred by BP’s experience, are striving to meet the challenge of drilling...

|About: BP p.l.c. (BP)|By:, SA News Editor

Energy explorers, undeterred by BP’s experience, are striving to meet the challenge of drilling in ever-deeper and more complex places. BP and Maersk are working on designs for rigs that can operate in ultra-harsh environments. Shell's (RDS.A) $5B Olympus rig is ready to have its legs fitted. Statoil (STO) is moving on a $7B project in the North Sea to tap heavy oil discovered in the 1980s but is only now accessible.