criss-crossed with the pipelines that bring oil from each wellhead to the refinery or the exportterminal. But much else has changed. For nearly 50 years the Iranian oil industry was controlled bythe British Anglo-Persian Oil company. You can still see the names of British companies on someof the older plant. But the British only paid $75,000 (£40,000) for the original 60-year concession -and a small share of the profits. To this day, that is the source of enormous bitterness in Iran. Britishpresence "No fair British person can be proud of that part of the history of the UK in Iran".Iran still provides nearly 5% of the world's oil needs. It is strange then, that an industry of suchglobal importance should be so isolated.The first offshore oil well was in the bayous (swamps) of Louisiana, USA during the 1950s. Thefirst drilling in open sea was done in 1955 for Shell Oil in the Gulf of Mexico just south of NewOrleans. This used a barge with a drill rig attached named “Mr. Charlie", which continued to drill inthe Gulf of Mexico for 32 years. Whit
How to exploit
Drilling for oil requires extensive planning and a good amount of capital to invest. The project willrequire you to work with contractors, financiers, land owners, geologists and engineers. Allactivities for exploitation of oil can be mentioned in some steps.The oil is found in the reservoir rock under the ground several hundred meters down. The mostconventional conformation in which oil is found is called the folding movement where the earth hasmoved inward to form an upward fold.
To find oil, geologists are hired who are experts in analyzingsurface texture, features, soil types and core samples. The geologists also employ different hightechnology instruments for example, magnetometer, gravity meters, seismic instruments usingshock wave technology, and satellite pictures to find flowing oil under the rocks of the Earth.When geologists determine a good site it is surveyed for boundaries and environmental studies.Lease is signed and the legal right to the land is obtained from the local authorities.A reserve pit is made for the debris coming out from the drilling. The land is prepared for the rigand cleared off of trees and vegetations. Several holes are made for the rig to fit in. A conductorpipe is made which is the top portion of the main hole and is larger in diameter than the rest of thehole.Once the oil rig is installed, it is connected with several other components. These componentsguarantee the normal functioning of the equipment and safety in case of unexpected pressure releasefrom the bottom of the soil. The hole is dug and casing is installed around it to prevent it fromcollapsing.