ripskii

Deep Sea Oil Drillers Show Potential for Gains

Deep water drilling capability is a very specialized skill and only a few process it. As anyone who has followed recent trends knows, the major unexplored regions of the earth are under the seas (oceans) and deep water covers most of the earth’s surface (4/7's). Future discoveries of significant resources depend largely on overall deep water capability. Costs for accessing those resources are the major issue and increased technical capability tends to lower them, but the cost for new entry remains very high. Therefore it is unlikely many new competitors will challenge the existing leading firms. Considering the extensive (and costly) experience the few major firms have acquired there seems little possibility that additional major competition will surface to threaten the present leaders in the field such as RIG, DO, NE, and ATW.