The Traderszone Network

Published in TZ Latest News 4 August, 2014 by The TZ Newswire Staff

Armed with new technology, oil drillers revisit Gulf of Mexico

Apache Corp and a handful of smaller independent companies are using seismic surveying and horizontal drilling – techniques perfected during the onshore fracking boom – to tap mature fields and find hidden reserves on the shelf. The methods appeal to investors hungry for the quick profits that cannot be delivered by deepwater drilling, where a dozen years of planning and billions of dollars in investment can be required to get oil pumping.

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