Monday, June 1, 2015

Monster Hurricanes: The Gulf Of Mexico O&G Industry Comes Of Age - Oilpro

Monster Hurricanes: The Gulf Of Mexico O&G Industry Comes Of Age - Oilpro: "History was kind to the pioneers of the offshore industry in the Gulf of Mexico. They arrived at the right shore at the right time. The Gulf sloped very gently out, stretching for a hundred miles in places along the continental slope before reaching water depths of 300 feet. Companies thus could walk gradually, step-by-step into deeper waters as they developed new technologies. As they moved out, they could draw on the workforces and expertise of clusters of oil-related manufacturers and service companies that had grown previously to meet the needs of a booming onshore industry in the region. Best of all, significant discoveries in the Gulf quickly rewarded their initial efforts, encouraging them to make larger investments."

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