A Brief History of US Offshore Oil Drilling

The BP Deepwater Horizon explosion in April 2010 occurred after a dramatic, three-decade-long reconfiguration of how the United States and several other nations drill for oil. Technology, law, and geology pushed oil exploration farther from U.S. shores, as land-based exploration became less fruitful, and the global demand for energy ramped up. Oil production off American coasts began well over a century ago, but the move into deepwater and ultra-deepwater is a relatively recent phenomenon. This post presents a brief history of offshore oil drilling based on a relevant staff working paper by the National Commission on the BP Deepwater Horizon oil spill.

2013.09.03 - A Brief History of Offshore Oil Drilling Figure 1

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