Oldoil....To DG "Do you believe there is any new off shore deep water exploration wells being drilled this year?" The answer is YES!!!! In GOG and offshore South America and GOM for sure. And Probably in SE Asia and the North Sea. https://www.google.com/search?q=offshore+oil+and+gas+well+to+be+drilled+in+2017%3F&oq=offshore+oil+and+gas+well+to+be+drilled+in+2017%3F&aqs=chrome..69i57.22220j0j8&sourceid=chrome&ie=UTF-8 "At what price of oil do you think offshore exploration will begin?" Well how about today's price since there are well being drilled NOW!