Offshore Support Vessel Market Global Research and Analysis to 2021 February 2017 | Page 2

operations will be based out of these areas in the near future, the E&P companies have started to
look at unconventional avenues for exploration around the world.
Further, the report states that one challenge in market is high injury rates and vulnerability to
natural phenomena. As the easily accessible oil field has already been developed, the E&P
companies are probing the Earth's most remote and inhospitable places for new discoveries. It even
employs unproven technologies to extract hydrocarbons from deep within the earth. In the Arctic,
there is no proven, effective method to clean up oil in ice. Furthermore, oil spills can occur from
blowouts, pipeline leaks or failures, or shipping accidents. These spills pose a serious threat to the
ecosystems and employees, whether these occur in the Congo Basin, the Timor Sea, or in the Arctic.
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