Schmidt, Victor
May 2005
Offshore;May2005, Vol. 65 Issue 5, p24
Trade Publication
This article presents the author's opinion on issue related to geosciences. The oil industry has been hobbled for years from operating in certain areas of the world. That is changing with an "opening access" trend gaining strength around the globe. New areas are opening for exploration off Libya, India, South China Sea, and the US Arctic National Wildlife Refuge. Libya was under economic sanction for years, but last year met the conditions for sanction removal. The country immediately opened its territory to oil companies to refurbish deteriorated oil fields and to explore for fields in new areas. Closed offshore areas are now accessible.


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