Oil Companies Race to the Bottom of the Sea

Companies want to do away with floating platforms and sink equipment to the ocean floor
Courtesy FMC Technologies

The oil field of the future is taking shape 2 miles undersea. As exploration crews search for new deposits at ever-greater depths offshore, the industry is grappling with the technical challenges of piping crude and natural gas through more than 10,000 feet of water. That’s spurring a drive to anchor production equipment directly to the seafloor, rather than placing it on expensive floating platforms that can be buffeted by powerful storms.

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