(EnergyAsia, May 20 2010, Thursday) —With easy-to-access oil now gone, exploration companies will increasingly pursue projects in politically unstable regions or in technologically complex areas, which are more costly and risky. The increased risk and high cost of exploration was highlighted when a leading edge oil rig leased by BP, the Deepwater Horizon, sank in…
MARKETS: Oil exploration cost and risk to continue rising in the wake of Deepwater Horizon disaster
Posted on May 19, 2010 by EnergyAsia