In recent years, operators have been drilling wells in ever increasing water depths. Drilling wells in deepwaters is a daunting task due to both downhole drilling hazards and excessive floating rig packages. Traditionally, these challenging wells are drilled with a low-pressure 21" drilling riser stretching from mudline to surface. A high day-rate gigantic floating rigs with high weight, space, and tensioning requirement is essential to handle this huge and long LP marine riser in deepwaters.Today, the industry is contemplating drilling in water depths of 10,000 ft and beyond, while current equipment can hardly (or even not) take the industry into such depths without changes. The 21" marine drilling riser cannot be pushed much further by existing rigs, and even if the rig could support the riser length and weigh, the riser itself cannot withstand the stresses. Furthermore, if all of these problems are tackled, many downhole drilling challenges are yet to be answered.So, needs for change in current deepwater drilling technology seems to be necessary if the industry is to reach deep targets successfully in deepwaters. Our approach to this problem is changing drilling method; we intend to introduce a newly born drilling technology called Reelwell Drilling Method which is a riserless drilling method by nature and facilitates drilling at any water depth by smaller and less expansive floating rigs, with fewer difficulties.RDM is also promising in delivering closed circulation system which turns it into a competent tool for Managed Pressure Drilling. This feature of RDM can make a big difference in drilling operations in environments with narrow pressure margin which is the case in deepwaters, HPHT, and depleted reservoirs.