Even as oil and gas exploration opportunities open up in the state of Alaska and other parts of the world, the Gulf of Mexico is poised to retain its position as one of the biggest petroleum-producing areas of the globe.
According to analysts, this region is, in fact, all set to enter the next stages of extended growth, and is expected to continue to remain one of the strongest offshore oil and gasoline markets in the world, especially when it comes to deepwater drilling activity.
After the Deepwater Horizon Disaster of 2010, drilling activity in the Gulf of Mexico dropped significantly, as the federal administration scrambled to react appropriately to the disaster by tightening restrictions on drilling. However, all that seems to have been a thing of the past. Overall, according to RigZone, rig counts as well as exploration levels are back to pre-Deepwater Horizon explosion days. They are also expected to continue in this manner for several years.
Houston offshore injury lawyers have no doubt that in spite of the disaster of 2010, the Gulf Of Mexico continues to remain one of the most attractive regions for the world’s oil and gasoline companies. There are many advantages to drilling in the Gulf of Mexico for all of these companies. This is a politically stable region, and there’s a lot of political and public support here for drilling activities, even post the BP rig explosion. Most importantly, it has a proven track record of being very profitable for companies that want to explore here.
As drilling and exploration activity speeds up in the Gulf Of Mexico, offshore injury lawyers hope that companies will maintain the highest safety standards, to avoid worker injuries.