BP to resume deepwater drilling in Gulf of Mexico: report

Apr 03, 2011
A woman walks along the deserted beach in Gulf Shores, Alabama, in 2010. BP will resume deepwater drilling in the Gulf of Mexico in July, some 15 months after the British energy giant was thrown into crisis after a fatal oil spill in the region, a newspaper said Sunday.

BP will resume deepwater drilling in the Gulf of Mexico in July, some 15 months after the British energy giant was thrown into crisis after a fatal oil spill in the region, a newspaper said Sunday.

BP is said to have granted 24-hour access to US government overseers and has pledged to meet safety requirements that go beyond tougher rules imposed after the accident, The Sunday Times reported.

A source close to the company said: "BP is hoping to resume drilling in the summer once it shows it can satisfy applicable regulatory conditions, as set out by the US offshore regulator."

A BP spokesman contacted would not comment on the story in a phone call to AFP.

BP will initially be allowed to only maintain or increase production on existing wells, ruling out exploration projects, The Sunday Times added.

The company's chairman Carl-Henric Svanberg last month said the 2010 spill sparked by an explosion on a BP-leased platform was no reason to stop deep .

"If we truly learn from this accident, I see no reason to close off the deep water as an area for future oil exploration and production," Svanberg told a conference on oil spill .

Svanberg took over as chairman of the British group just a few months before the April 20 explosion on the BP-leased Deepwater Horizon platform in the Gulf of Mexico.

The incident killed 11 workers and sent some 4.9 million barrels of oil gushing into the Gulf over a three-month period, wreaking havoc on the region's environment and economy.

BP meanwhile faces having to pay compensation costs totalling tens of billions of dollars.

Following the spill, the largest ever manmade environmental disaster in the United States, Washington imposed a moratorium on deepwater drilling in the Gulf of Mexico, which it lifted in October.

The same month, a bid to freeze deepwater drilling in Europe in the wake of the Gulf of Mexico disaster collapsed under pressure from the multi-billion oil industry.

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FrankHerbert
0.7 / 5 (51) Apr 03, 2011
And here we gooooo
210
1 / 5 (4) Apr 03, 2011
Ya know, there are THOUSANDS OF offshore drilling rigs in the gulf... just the Gulf of Mexico alone. BUT there are less than 100 DEEPWATER drilling rigs in the world and I believe at the time of the accident in the Gulf, only TWO deepwater rigs in the same Gulf of Mexico area! One blew up which gives us a FIFTY percent failure rate for these things,,,DANG!!! People were interviewed who felt that it might become necessary to use a NUKE to seal the deepwater breach. Drill? Well, these things have got to do better than fifty percent failure rate or else we will be WEARING more oil than we are putting on the market.
In fact, one or two failures per year could be just unbearably catastrophic.
C'mon alternative energy..! (I sure hope there are NO offshore, deepwater rigs near Nukey Reactors and Fault lines, or am I too late???)
freethinking
1.8 / 5 (5) Apr 03, 2011
I wonder how much BP gave to Obama and the democratic party so they can start drilling again.

BTW I'm for drilling, however I just want to ensure that American interests are protected, not the democratic party.
FrankHerbert
0.8 / 5 (51) Apr 03, 2011
Less than they gave to the rethuglicans :)
Quantum_Conundrum
1.7 / 5 (3) Apr 03, 2011
I wish the state actually controlled the drilling so we could cut out the CEOs, and each person would own equal shares in the oil company's stocks, and therefore profit sharing.

As it is, our natural resources are plundered by corporations who know no national boundaries, and are half-owned by wealthy citizens of foreign nations.

Hopefully, we can deplete the Saudis and the Iranians of their oil reserves before we fall back onto our own 1.3 trillion barrels worth of un-drilled oil reserves, which will last the U.S. another 170 years or so...

The rest of the world will beg for oil, which we can then sell to them at a 10% mark-up compared to our own domestic prices.

Let's see, 1.3 trillion barrels at $107 per barrel comes to $139 trillion. Take ten percent of that and you have $13.9 trillion, which is almost enough to totally pay off our federal debt.

It's a good long term strategy: deplete everyone else, giving them worthless paper money, before using our own resources.
Jaeherys
not rated yet Apr 03, 2011
It's a good long term strategy: deplete everyone else, giving them worthless paper money, before using our own resources.


A 170 years is a long term strategy? I'd hope by then we wouldn't be using fossil fuels.
Quantum_Conundrum
3 / 5 (2) Apr 03, 2011
A 170 years is a long term strategy? I'd hope by then we wouldn't be using fossil fuels.


Don't fool yourself.

Hydrocarbon fuels are here to stay in at least some significant role for the foreseeable future, and yes, likely hundreds of years.

How else do you think we are going to power the shipping and trucking industries?

Do you really want to put a nuclear reactor on a container ship so some pirates or muslims can hi-jack it and use it as a dirty bomb weapon? Or would you pay a platoon of marines full time to be on detail on each nuclear powered container ship?

Do you know how much Joules it is to power a 96,000hp container ship? You cannot do it with wind or solar, that's for sure, the most you can get out of wind sails or solar plants on-board such a ship, if the entire upper deck is covered in power plants, is around 16,000hp, which is only about enough to get to 10kts to 12kts top speed.

So Diesel is here to stay for shipping.
Party
not rated yet Apr 04, 2011
Here is Similar News

According to a new report, BP is asking permission from U.S. regulators to continue its drilling operations in the Gulf of Mexico.

The story by the New York Times, via ABC News, says BP wants to resume drilling at 10 of their already existing deep water production and development wells, a year after one such operation spilled more than 200 million gallons of oil into the Gulf.

BP wants to get back into business in the area in July, while accepting stricter safety and supervisory rules. Two unnamed source familiar with the operation were cited in the report.
pres68y
1 / 5 (1) Apr 04, 2011
I think it'll be ok just so long as they don't
let Halliburton, or any one else, pump defective mud into it.
Calling Halliburton management evil, greedy, selfish and murdersome
is giving them a compliment they don't deserve