No firm is able to drill anywhere near the North Pole, but global warming may make the region more accessible.
Drilling group Transocean says its Discoverer Deep Seas holds the world depth record for oil and gas drilling, set in 2003 at 10,011 feet of water in the Gulf of Mexico.
"We are building four new enhanced Enterprise-class drill ships (in South Korea) that will be able to work in water depths of 12,000 feet and drill wells 40,000 feet deep," said Guy Cantwell, spokesman for Transocean.
Tuesday, August 14, 2007
How To Profit From Global Warming
Russia's seabed flag heralds global ocean carve-up.