Seeking Alpha

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

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.
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