Industry confronts challenges

Gyrfalcon field produces through the world's first 15,000-psi subsea tree. Reading & Bates Development Co. operates the field. Photo courtesy of Cooper Cameron Corp.Click here to enlarge imageDeep water complicates efforts and increases costs for developing and producing hydrocarbon accumulations. But as significant new hydrocarbon discoveries are being made in deeper waters, the petroleum industry continues to meet the challenges posed for economically recovering these resources.The Gulf of Mexico is the most active deepwater region in the world in terms of the number of deepwater projects. One tabulation lists 112 producing, planned, and prospective developments in the deepwater f...

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