World Oil gears up for offshore sector: Extensive coverage provided by editor Robert W. Scott ///

By the start of the 1970s, major oil producers outside of OPEC were struggling to identify geological prospects in onshore provinces, that held sufficient potential to justify large lease plays and exploratory drilling. However, it was logical to assume that offshore lands close to oil-producing regions held significant potential to produce high volumes of crude oil, and contained vast amounts of untested offset acreage, if exploration proved successful.

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