The bulk of the money raised by the oil industry is used for finding oil and the bulk of that money is used for the geophysics (the physics of the earth). Geophysics offers techniques for imaging of the surface (see below ground) before the drilling, and this may also play a key role in avoiding the drilling of the so-called “dry holes.” What is not generally realized by the public, is that most of the holes drilled for oil are dry and not yield commercial… Read the rest
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