Composites in Oil and Gas

Composites now are widely recognized in deepwater drilling scenarios, because their ability to stand up to the harsh subsea environment enables oil & gas prospectors to retrieve reserves at greater sea-floor depths.

Composites are recognized as an enabling technology in deepwater drilling scenarios, because the materials are able to stand up to the harsh subsea environment while delivering lower overall system weight. However, the recent economic downturn has resulted in significantly lower per-barrel prices, fomenting uncertainty. And in the wake of the catastrophic BP oil spill in the Gulf of Mexico, the Obama Administration placed a six-month moratorium on U.S. offshore drilling activities. Although the ban was lifted in October 2010, it will take time for offshore efforts to resume, says the Research Partnership to Secure Energy for America (RPSEA, Sugar Land, Texas).

Learn more: http://www.compositesworld.com/articles/the-markets-oil-and-gas-2010