Originally published by The American Oil & Gas Reporter.
HOUSTON–A number of factors are converging to create a “right-place, right-time” scenario for production equipment in the Gulf of Mexico. New fields are being discovered in deep water far off the Outer Continental Shelf that require more–and more advanced–materials and solutions to extract. At the same time, aging platforms on the Shelf are being refurbished and modernized, and operators are engaged in an industrywide commitment to raise offshore safety and security standards.
Collectively, these trends are giving oil and natural gas producers incentives to upgrade their equipment. Fortunately, technology is evolving at the right pace and at the right time to help oil and gas producers find and deliver oil and gas reserves from reservoirs with world-class hydrocarbon potential in the deeper waters of the Gulf of Mexico.
Read the full article published in The American Oil & Gas Reporter here.
