If you are a stakeholder or work in the oil and gas industry, it’s essential to understand all the offshore drilling pros and cons. As the demand for oil and gas increases globally, countries neighboring seas and oceans are shifting their attention from onshore drilling to offshore drilling to increase supply. The latter also has a few implications.
Offshore oil drilling involves the extraction of fossil fuels from the earth’s crust below the ocean or seabed. That’s because the ocean bed is rich in oil wells. However, locating the offshore oil reserves and installing an oil rig on the water surface can be daunting. As a result, it makes offshore drilling costly.
Offshore drilling is beneficial but can also be detrimental to the environment if done irresponsibly. Learn all the offshore drilling pros and cons. Share on XWhat is Offshore/Deepwater Drilling?
Offshore drilling is the extraction of a natural resource like oil and gas from the oil reserves found beneath the ocean bed. Oil rigs get constructed on the water surface to carry the equipment and hundreds of workers. These rigs have tools for drilling oil wells on the seabed. They can lower and raise drill pipes from the ocean bed during drilling.
Offshore Drilling Rigs Pros
Here are the advantages of offshore oil drilling.
- Increases Oil Production: Since the advent of offshore drilling technology, petroleum production has grown to sustain the rising demand.
- Promotes Energy Independence: With offshore drilling, many foreign countries can now explore the ocean for oil and gas, promoting self-reliance.
- Encourages Economic Growth: Third-world nations bordering oceans can explore their oceanic oil reserves and grow.
Offshore Drilling Rigs Cons
Here are the drawbacks of offshore oil drilling.
- Costly and Potentially Dangerous: Offshore oil drilling is expensive as it requires sophisticated equipment. Also, it poses significant risks to workers.
- Numerous Environmental Damages: Offshore oil drilling generates mass pollution, primarily during oil spills. If not cleared, the spills can harm marine life.
Safety is a Priority
It’s good that you understand the offshore drilling pros and cons. But since offshore oil drilling involves many risks, it’s essential to prioritize safety. One way to mitigate risks at offshore drilling sites is installing blowout preventers (BOPs). Thankfully, BOP Products can offer you safe, reliable, high-quality BOPs for your offshore drilling project.
Contact us today for reliable and affordable BOP equipment for oil drilling operations.
