Offshore rig prices climb amidst deepwater drilling boom

Why do big, multinational oil companies prefer to go offshore rather than onshore? Offshore is very expensive, it’s hard and it’s under difficult conditions. But, that’s what those mega-companies are good at. Their huge balance sheets can do that while smaller companies cant so they don’t have so much competition. Also, it’s a lot harder for activists and terrorists to mess up their operations when they are far out in the open sea. 

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