Gulf of Mexico oil drilling moratorium may be lifted early

Vince Coglianese Contributor
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WASHINGTON (Sept. 27) — The Interior Department plans to issue two new oil drilling regulations later this week, signaling that a six-month deepwater drilling moratorium for the Gulf of Mexico may be lifted early, a presidential panel was told here Monday.

But Michael Bromwich, director of the newly organized Bureau of Ocean Energy Management, told the Oil Spill Commission that drilling will not immediately resume once the moratorium is lifted.

“You are not going to see drilling going on the next day or even the next week,” he said. “I haven’t talked to the individual operators. I don’t know which are already compliant and which will take time.”

The new rules impose a “significant number” of new technical requirements on drilling, he said, but they should be no surprise to the industry. They were outlined in a report issued a month after BP’s well blew out on April 20.

Full Story: Gulf of Mexico Oil Drilling Moratorium May Be Lifted Early