For most people. offshore oil and gas production is a foreign thing. We just know that it is used for fuelling cars, trucks, and other vehicles while some are used in manufacturing. Now, where do we exactly get oil? One is through offshore oil explorations and drilling. Here are some interesting facts about it:
1. First Offshore Drilling was Centuries Ago
During the 19th century, the oil industry of Azerbaijan has started producing oil by digging wells at the shores near Bibieyat. The country is also known for developing numerous drilling equipment that made it possible for offshore oil production to boom today.
2. Gigantic Structures
If you are already impressed by the famous skyscrapers like the Burj Khalifa, Shanghai Tower, and Makkah Royal Clock Tower Hotel, then you’ll be more surprised to see gigantic mobile offshore production units. It can be as tall as 400 feet!
3. More Offshore Drilling Doesn’t Mean Lower Gas Prices
Even though offshore drilling can help the oil and gas industries produce more oil, it doesn’t mean that it will immediately impact on the world’s gas prices. In fact, the changes can only be felt after a decade.
4. Oil Production is Highly Important
This might be so obvious but for some, they don’t understand the implications of the lack of oil reserves in global economies. Most of the countries rely so much on oil to sustain their economy. Without offshore oil production, many businesses will cease to operate.
5. Oil Rigs Today Have Increased Safety Measures
You might have watched in movies how dangerous it is to work in oil rigs, but the technologies that were developed throughout the years have increased the worker’s safety. According to Forbes, accidents that happened in offshore oil production sites have significantly decreased since the 1990s.
Oil is a significant resource for both energy and manufacturing industries. If you want to learn more about the importance of oil and gas production, then check out Mopu Holdings in Singapore!
