Tuesday, October 12, 2010

Gulf drilling ban lifted — with caveat

Exploratory deep-water drilling is a major part of Gulf of Mexico oil development. The post-BP spill moratorium idled drillships like this one, the Discoverer Inspiration. Nearly as big as an aircraft carrier, it can operate in waters up to 12,000 feet deep and drill wells at a total depth of 40,000 feet.The Obama administration on Tuesday lifted the moratorium on deepwater exploratory oil drilling in the Gulf of Mexico — provided companies follow new rules.




Source: msnbc.com: More politics

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