BP May Resume Deep-Water Drilling in Gulf by Summer

Monday, 04 Apr 2011 03:48 PM

  Comment  |
   Contact Us  |
|  A   A  
  Copy Shortlink
British Petroleum is hoping to resume deep-water drilling in the Gulf of Mexico this summer. The company is in talks with the Interior Department about obtaining permits, The Washington Post reported.

BP, Gulf, drilling,
summerThe talks come nearly a year since the April 20 disaster on the Deepwater Horizon drilling rig leased by BP that killed 11 and spewed oil into the gulf for 87 days. The company is hoping to get permission to begin drilling 10 wells in areas that are already producing oil. The Deepwater Horizon was doing exploratory drilling on a new field, the Post said.

BP pumps some 400,000 barrels a day out of the gulf, making it the largest oil producer in the region. The company is also the largest leaseholder in deep water areas of the gulf. The Post reported that the ongoing discussions are with Interior’s Bureau of Ocean Energy Management, Regulation and Enforcement.

Oppenheimer and Sons oil analyst Fadel Gheit said that “many people said BP would be put in the penalty box. I’m not so sure.” In the fall, the government lifted a presidential ban on drilling in the gulf, which accounts for 29 percent of domestic crude oil production, the Post noted.

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact Us  |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Retype Email:
Zip Code:
Privacy: We never share your email.
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Gallup Poll: Most Full-Time Workers Put in More Than 40 Hours

Saturday, 30 Aug 2014 21:32 PM

The 40-hour work week is usually regarded as the standard for full-timers, but many adults are working 47 hours or more  . . .

Obama Attends Wedding of Longtime Personal Chef

Saturday, 30 Aug 2014 20:16 PM

President Barack Obama set aside the pressures of the world's trouble spots on Saturday to assume the role of spectator  . . .

Bill Clinton to Speak at Miami Rally for Charlie Crist

Saturday, 30 Aug 2014 19:48 PM

Former President Bill Clinton will be the keynote speaker at a rally in Miami Friday for Democrat gubernatorial candidat . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved