OTC speakers highlight offshore industry's future

05/10/2010
This report was reported and written by Bob Tippee, editor; Steven Poruban, senior editor; and Paula Dittrick, senior staff writer.Deepwater oil and gas exploration will remain one of the world's "pillars of supply" for its energy needs despite its high-risk exposure to remote locations and commodity price volatility, said industry panelists at the 41st annual Offshore Technology Conference in Houston.Offshore fields have yielded nearly 70% of the major oil and gas discoveries in the last 10 years, said Bob Fryklund, a director with IHS CERA and a panel moderator.Major discoveries "are still being made" around the globe, said panelist Jim Demarest, director of internat...
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