|
Chevron Wins First New U.S. Deep-Water Drilling Permit Since Macondo
Not quite one year. A lot of drillships hung around hoping to get a chance to work again, though at least seven headed overseas - probably never to return.Chevron Corp. (CVX) won approval for the first completely new exploration in the deep waters of the Gulf of Mexico after BP Plc (BP/)s oil spill last year, a regulator said. Chevron will drill in Keathley Canyon Block 736 in 6,750 feet (2,057 meters) of water, about 216 miles off the Louisiana coast. While Chevron is the fifth company permitted to resume work in the area following the last years Deepwater Horizon rig explosion, its the first to be allowed to tap a reservoir that has never produced. Posted by: Glenmore 2011-03-24 |
| http://www.rantburg.com/poparticle.php?ID=318933 |