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Is the offshore drilling industry an attractive industry? Why ir why not? Is it an attractive...

Is the offshore drilling industry an attractive industry? Why ir why not?

Is it an attractive industry? why or why not?
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Answer #1

Yes, offshore drilling is an attractive industry because gas is always remain to be in demand in future. It is based on the type of business owner who would like to lesser (i.e. being risk averse) risk along with the new technology. This may help in having greater information to forecast the demand appropriately. It seems the demand remains to be high and high. If the oil companies are ready to pay, likewise contractors may charge more to drill the new wells. This remains attractive as the oil market seems to be cyclical in nature.

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