REAL ISSUES

Oil Companies Moving Forward From Spill

Major oil companies are wasting no time in trying to get back to work in the deep waters of the Gulf of Mexico.


Oil Rig

On Monday, Chevron Corp. confirmed it is in the process of filing what could be the first drilling permit application since the Interior Department lifted a temporary ban on drilling in the region on Oct. 12.

Exxon Mobil said it is also making preparations to submit a permit application to drill at its Hadrian prospect, which was interrupted in early May when the drilling moratorium was enacted. Permit approval to drill a sidetrack well at the Hoover Diana platform in the Gulf of Mexico is also pending, the Irving-based oil giant said.

Meanwhile, Shell has said it is also preparing drilling permit applications for wells in the Gulf, and large independent oil and gas producers including Anadarko Petroleum say they expect to resume drilling soon. BP, the largest oil and gas producer in the Gulf, has declined to discuss its plans.

The new applications come after the Interior Department lifted a deep-water drilling moratorium nearly two months earlier than initially planned, saying new safety and environmental rules issued in the wake of BP’s deadly Macondo well blowout on April 20 would make offshore drilling safer.

But the oil and gas industry fears new applications will get bogged down, delaying projects, as regulators try to make sense of the new rules.

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Posted by on Oct 28 2010. Filed under Jobs/Economy, Top Stories. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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