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The world uses roughly 100 million barrels of oil each and every day in 2019. That's a significant amount of fuel that has to be pumped from underground, processed, and delivered to fueling stations across the world. This significant intake of non-renewable resources also means that oil companies are constantly looking for new oil reserves to tap into to meet the high demand.
In the arctic circle alone, it's estimated that 13% of the entire world's oil reserves are trapped under the ocean floor. In terms of what's under the entire world's oceans, it's estimated that 84% of all non-renewable fuels the earth has is found under the ocean floor. That poses a significant problem, just how do you get all that carbon-based fuel out?
Let us explain to you how they search and exploit oil deposits.
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