Oil drilling comes with both challenges and benefits. The benefits may overshadow the challenges if the management is keen to benefit from the whole thing of oil exploration rather than focusing on the negative sides. While some countries have found themselves in serious conflicts resulting from oil discovery, some countries are stinking rich. This is because they have a better way of managing their natural resources. Also, the mining company that a country employs in doing their drilling works contributes significantly to such countries’ success.

Economic Success

One of the benefits that come with oil discoveries in many countries is economic success. Oil is the main source of energy globally, and different countries rely on it for various reasons. For instance, although we do not consume oil directly as a source of food, it is the oil that ensures that the foods are delivered to the right place. What this means is that the oil demand will always be high. Meaning the income generated from the sale of oil is always high. Such income can be used to build schools and social amenities that are important to a country’s development.

Jobs Employment

Lack of jobs is the major cause of poverty in most developing countries. If youths in a country cannot secure a good job for a living, there are high chances that they will turn to robbery and other vices in the society. This can make it hard for the authorities to concentrate on activities meant to build the economy. Instead, they will focus on dealing with the economy’s criminal elements, which can lower the economy’s rate of development. Oil drilling offers employment opportunities for different sectors in the economy. People working in the drilling wells, those operating the drilling machines, and those in the transport industry get their jobs from oil mining.

Perfect Source of Energy

Oil discovery in a country can make that country self-sufficient in terms of energy. If you spare time to do some research, you will discover that the main energy source is oil, and coal becomes second in most instances in many parts of the world. Oil may not be appropriate in many countries, which is attributed to the fact that coal is dirt. Therefore, countries with large oil repositories are more self-sufficient than those without oil.