Where do oil companies get the rights to drill offshore?

Posted by admin on November 26th, 2009 and filed under oil companies | 2 Comments »

I’m just curious how oil companies acquire the rights to drill offshore. Do they buy the land? from whom? Well a related question is where do they get the rights to drill oil on land? Do they just buy the land?

Congress leases the land to the oil companies.

2 Responses

  1. diogenese_97 Says:
    November 26th, 2009 at 2:35 pm

    Congress leases the land to the oil companies.
    References :

  2. gvh Says:
    November 26th, 2009 at 3:04 pm

    Congress and Green Peace block American oil companies from exploring offshore the USA so China & Mexico purchased the technology from the US and are drilling offshore and keeping the oil……Go Gore….
    References :

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