out of US crude oil mining/drilling/any method of obtaining, does it cost more in equipment/ labor/ whatever to get oil from offshore sources or does it cost more to get it from on land sources? how do these compare? some sources would be appreciated. thanksDoes it cost more to mine crude oil on land or offshore?
I would guess that, like all things, it depends on the particular oil field you are working on. If there are a lot of little pockets of oil on land it would cost a significant amount of money to drill many wells to get at the oil. If the oil field is large and flows easily it would take less effort to develop it and get the oil flowing.
However if all things are equal I would have to believe that it cost significantly more to drill off shore than on land since transport costs are lower, fields are easier to get to.Does it cost more to mine crude oil on land or offshore?
Offshore because of damage costs, health care, etc.
Definitely at offshore for sure. Each drilling platform represents a billion dollar investment. They are basically floating cities.
Also, sometimes, they have to go down through 1000s of feet of water before they even begin to drill into the ground.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment