Wednesday, August 17, 2011

Regulators still holding up Drilling in the Gulf

This is a great status of drilling in the Gulf.  While there are more Rigs in the Gulf than before the spill, there are fewer working due to Government delay in issuing permits.   Industry observers remain concerned about the rate of approval for the drilling plans submitted since the end of the moratorium.
"If we don't see a permitting process that moves forward with reasonable speed, these rigs will remain idle and eventually leave," said Michael Hecht, president of Greater New Orleans Inc.

Meanwhile the Energy Department reports that it is taking extra time to review the requested permits for safety issues.  They are (of course) asking for more money to hire more reviewers.

Check "Gulf Oil" label for previous articles on this topic.

http://www.nola.com/news/gulf-oil-spill/index.ssf/2011/02/more_oil_drilling_rigs_are_in.html

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