Global Offshore Oil and Gas Market Size, Share, Trends, 2015
Offshore oil and gas production refers to the oil and gas extraction process that takes place mostly in the seabed and oceans. Oil and gas are extracted from the wells and transferred through ships and pipelines to refineries. With the increased depletion of onshore oil and gas resources, offshore resources experienced a greater demand in the supply of oil and gas.
The growing interest in the offshore resources is explained by the fact that over the last 20 years, the number of large offshore discoveries has been greater than the onshore oil and gas explorations.
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