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The new second edition of this authoritative book has retained all the virtues of the best-selling original, explaining the unique challenges of oil and gas exploration and production in the world's deepwater provinces. New chapters on geology and geophysics, rigs, and service vehicles are included, and the engineering and scientific schemes used in deepwater are covered in greater detail. Case studies in several chapters give practical examples, while the final chapter presents the latest technology employed in a "third wave" of industry evolution.