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Mother Lode

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Mother Lode

Re: None

Friday, 06/16/2023 10:23:48 AM

Friday, June 16, 2023 10:23:48 AM

Post# of 4097
"But China is not the only country willing to drill to ridiculous depths in the pursuit of energy security.

Deepwater oil and gas production is set to increase by 60% by 2030, to contribute 8% of overall upstream production, according to a new report from Wood Mackenzie, as cited by Rig Zone.

Ultra-deepwater production is set to continue growing at breakneck speed to account for half of all deepwater production by 2030."

https://oilprice.com/Energy/Crude-Oil/China-Bets-On-Ultra-Deepwater-Oil-And-Gas.html
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