Belarus – Impact and Safety of Deep Water Drilling (GLIMUN 2010)
Topic: Impact and Safety of Deep Water Drilling
Country: Belarus
Delegate Name: Colin Rensch
School: Mattawan High School
Ukraine wishes to increase its oil and natural gas output and is very interested in exploring more deep water drilling projects. Ukraine is also aware of the huge environmental impacts that deep water drilling can have, especially in light of the recent deep water disaster that took place in the Gulf of Mexico this summer. Ukraine made its first step toward the incorporation of deep water drilling into its trade capabilities when the first deep water drilling exploration agreement was signed by Ukrainian officials in 2006. If deep water drilling is conducted in the Black Sea near Ukraine, Ukraine and the rest of Europe would benefit from another major source of oil and gas in addition to the already existing Russian imports. Currently, Ukraine imports all of its oil from the Russian Federation, and the European Union's imports currently account for 50% of its energy use and this number is expected to rise in the coming decades. Of these imports, the EU takes in 50% of its oil from Russia. Dependence of the energy supplies of one country can be quite devastating, especially in light of the recent economic downturn. Ukraine would like to research environmentally safer and economically more efficient ways to get oil from these deep water wells with the help of all nations present here. Ukraine would like to offer increased quantities of safe oil to all of its trade partners. This research needs to be done to make available this potentially lucrative stock of oil and gas.