BP Asks To Resume Gulf Coast Drilling

oil-rig-explosion-Deepwater-HorizonSome (who don’t speak Chinese) say that the Chinese word for “crisis” also means “opportunity”. Well, no one creates cris-portunities like BP does. Via the Boston Globe:

BP has asked US regulators for permission to resume drilling in the Gulf of Mexico, two company officials said yesterday.

The petition comes less than 15 months after a rig BP leased there exploded, causing a huge oil spill and killing 11 workers.

[One] other official said, “We’re making progress but it’s not a yes yet.’’ Both people spoke on the condition of anonymity because talks on a possible agreement were continuing.

Drilling in the Gulf of Mexico was halted last summer after the accident involving BP’s Macondo well, which spilled 4.9 million barrels of oil into the ocean. The ban was lifted in October.

Royal Dutch Shell won approval on Wednesday to drill off the coast of Louisiana on the condition that rigorous new safety standards were met. Other companies that have been allowed to continue drilling in the region include Exxon Mobil, Chevron, and BHP Billiton.

Granting permission to BP would be more controversial because the British oil company is still paying for costs related to the oil spill, the cleanup, and the continuing civil and criminal investigations into the accident.

The Obama administration has spent 11 months dealing with the aftermath of the Macondo well blowout and writing new rules to try to prevent similar accidents. But last week President Obama, in a major statement on energy policy, said the administration was seeking increased domestic oil production, both onshore and off, as a means of reducing dependence on imported oil.

2 Comments on "BP Asks To Resume Gulf Coast Drilling"

  1. Anonymous | Apr 7, 2011 at 10:55 pm |

    Drill, drill, drill!!
    How else can they earn safety bonuses?

  2. GoodDoktorBad | Apr 7, 2011 at 6:55 pm |

    Drill, drill, drill!!
    How else can they earn safety bonuses?

Comments are closed.