Undersea specialists ride high on oil price
Source: Financial Times
Source Date: 5th Mar, 2008
Source Pages: p.3.
Summary:
The soaring price of oil and gas and the rapid depletion of existing fields are propelling the industry into deeper and more hostile environments, spelling boom times for the UK's specialists in underwater extraction. So-called subsea engineering uses seabed drilling and extraction structures that can be attached to surface vessels to winkle oil out of the most inhospitable corners of the world. As the price of oil has risen, there has been a surge in demand for the sophisticated but highly expensive equipment.
Links:
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