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1 Introduction
Pages 11-14

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From page 11...
... Since then, the oil and gas industry has greatly extended its operating envelope as it pursues profitable accumulations of hydrocarbons. While the onshore oil and gas business garners most media attention today, as companies large and small develop new resources in shale formations, the offshore industry presses ahead, drilling deeper wells, in deeper water, with new multibillion-dollar development projects announced each year.
From page 12...
... waters was around 1,000 feet and exploration drilling was being conducted by early versions of floating drilling vessels, a far cry from the technology embodied in dynamically positioned rigs such as the Deepwater Horizon, capable of drilling in waters up to 8,000 feet deep.3 It is therefore not surprising that the Ocean Energy Safety Advisory Committee, a federal advisory group, recommended establishment of an Ocean Energy Safety Institute (OESI) , whose functions would include providing support to the Bureau of Safety and Environmental Enforcement (BSEE)
From page 13...
... OCSLA simply states that the Secretary of the Interior shall require the use of BAST "except where the Secretary determines that the incremental benefits are clearly insufficient to justify the incremental costs of utilizing such technologies."11 In Chapter 3 the committee discusses the considerations to be included in such cost determinations: the expenses associated with both the acquisition and the sustainment (operations and maintenance) of candidate technologies and potential disruptions to drilling operations caused by the introduction of new technologies that can have significant cost implications.
From page 14...
... Chapter 2 addresses various processes BSEE might use for identifying BAST candidate technologies. Chapter 3 provides options for evaluating and developing candidate technologies and discusses economic considerations.


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