Recently, global energy giants have begun to consider the use of land "Fracking" (: Hydraulic Fracturing) technology in deepwater energy development projects.
The related technology is one of the deepwater energy development strategy technologies that induces oil and gas buried in rocks to enter oil and gas wells after high-pressure fracturing seabed rock layers with water, sand and chemical components. It is estimated that the profitability is relatively largest and has attracted much attention.
But so far, this technology has been cited as a cause of environmental and groundwater pollution, and deepwater development projects that are preparing to adopt relevant technologies are not as good as land due to poor environment, and have not been able to function for the past 20 years.
At present, attempts to use Fracking technology in the US Gulf of Mexico, Brazil and the African Sea are expected to increase the production of offshore oil, which will benefit Chevron, Exxon Mobil, Royal Dutch Shell and BP. At the same time, the adoption of related technologies can lead to the growth of marine exploration and drilling projects, that is, it can also bring good opportunities to oil service providers.
In the past few years, Fracking technology has been squeezed out due to expensive hidden costs and operating capital, and the energy industry is beginning to expect that the growing oil and gas technology will allow it to gain a foothold in the deep water sector. However, the possibility of marine environmental pollution caused by related technologies cannot avoid the condemnation of environmentalists and politicians.
According to the survey, as the demand for marine Fracking increases, the global well equipment service provider will also expand the scale of the marine Fracking fleet, which is about 30% larger than that in 2007. According to the outlook, Baker Hughes, a global Fracking company, said that by 2015, the Gulf of Mexico's Fracking technology share will increase by about 10%. As a result, global energy giants may continue to try to use Fracking technology in offshore projects.