Oil Companies Race to the Bottom of the Sea
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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