1/4 Century: What Was the Oil and Gas Industry Like in the Early 2000s? Part 2
Rextag
DECEMBER 18, 2024
Permian Basin Pioneer: Projects here used CO injection to produce an extra 1 million barrels annually by 2005. Record Depths: By 2005, rigs operated at depths exceeding 1,500 meters, using dynamic positioning systems and cutting-edge blowout preventers. Production Gains: Deepwater drilling accounted for 15% of U.S.
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