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June 14 (Bloomberg) -- Heightened U.S. scrutiny of offshore drilling after the BP Plc spill, the worst in the nation’s history, may spur oil companies to replace aging rigs with new platforms made in South Korea and Singapore.
Rig-makers Samsung Heavy Industries Co. and Keppel Corp. stand to benefit from drillers buying $300 million-plus semi- submersible rigs, which operate in waters as deep as 10,000 feet.
“Oil companies still need to find and develop fields because reserves at existing ones are depleting,” said Lee Jae Won, an analyst at Tong Yang Securities Inc. in Seoul. “There’s no way the spill will halt offshore projects.”