Oil and Gas

Authored by: Hance D. Smith , Tara Thrupp

Routledge Handbook of Ocean Resources and Management

Print publication date:  October  2015
Online publication date:  October  2015

Print ISBN: 9780415531757
eBook ISBN: 9780203115398
Adobe ISBN: 9781136294822

10.4324/9780203115398.ch18

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Abstract

The development of offshore hydrocarbon resources has a long history, with small beginnings in the closing decades of the nineteenth century, followed by rapidly increasing importance after the Second World War, from the late 1940s onwards. This chapter begins by tracing the stages of development of the offshore industry within the broad context of the global oil industry. This is followed by an outline of the resources concerned, ranging from crude oil to natural gas, as well as their innumerable combinations, taking due account of the key factors that influence the estimation, production and consumption of these resources. The offshore oil and gas industry is associated with the development of advanced technologies in a number of fields, ranging from petroleum engineering on the one hand, to offshore engineering designed to overcome the considerable obstacles to working in the marine environment on the other. This in turn focuses attention not only on the complex interplay of environmental influences and impacts, but also on the economic and social implications of offshore industry operations at various geographical scales. Finally, the governance and management of the industry are discussed.

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