Monday, February 15, 2010

Schoeller's Grohmann Discusses Offshore Oil Drilling!

Gerald Grohmann, chief executive officer of Schoeller-Bleckmann Oilfield Equipment AG, talks with Bloomberg's Rishaad Salamat about drilling for oil in the South Atlantic and other remote locations. "An oil price of at least $70-80 a barrel make this efficient." The next big oil find: Well, the Acrtic region of course. "High technology directional drilling makes this easier and cheaper to do so!"

In a related story:
Falklands Oil Search May Stir U.K.-Argentina Tensions!Bloomberg's John Cookson reports on the search for oil off the Falkland Islands and the dispute between the U.K. and Argentina over the territory. 60 BILLION barrels expected!

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