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The government passed legislation in 2010 to spur offshore exploration.
"We are encouraging offshore exploration and production," Mr. Obama said.
The bigger draw now, though, may be Russia's willingness to engage in offshore exploration.
Offshore exploration in the East China Sea has yielded both petroleum and natural-gas finds.
Its own offshore exploration could benefit from the know-how that this would create.
"BP has long been a partner with Rosneft for offshore exploration, off Sakhalin for example".
Offshore exploration efforts have also underscored the need for clear maritime borders.
American officials came again for talks in August, focusing on offshore exploration and biofuels cooperation.
Republicans and oil industry representatives are skeptical that Democrats are serious about allowing offshore exploration.
The ship was ordered by Seadrill, a Bermuda-based offshore exploration company, for $453 million.
Enarsa, a new state firm, has signed deals with Brazil's Petrobras and Spain's Repsol for offshore exploration.
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