Results for tag: "Exploratory Drilling"

Exploratory Drilling is a type of drilling used in the Oil and Gas Exploration and Production industry to identify potential hydrocarbon reservoirs. It is typically used to locate new oil and gas fields, or to determine the extent of existing fields. Exploratory drilling involves the use of specialized drilling rigs and equipment to drill deep into the earth's surface. The process involves the use of seismic surveys, core samples, and other methods to identify potential hydrocarbon reservoirs. Once a reservoir is identified, the drilling rig is used to extract the hydrocarbons. Exploratory drilling is a costly and time-consuming process, but it is essential for the success of the Oil and Gas Exploration and Production industry. It is also a risky process, as it involves drilling into unknown and potentially hazardous areas. Some of the major companies in the Exploratory Drilling market include Schlumberger, Halliburton, Baker Hughes, Weatherford International, and National Oilwell Varco. Show Less Read more