BP Wins U.S. Approval to Drill Well in Gulf’s Deep Waters |
| Bloomberg - Oct 26, 2011 |
BP Plc (BP/) won its first U.S. permit to drill a new well in the Gulf of Mexico’s deep waters since the 2010 explosion at a company-leased rig triggered a record offshore spill.
BP will drill in 6,034 feet (1,839 meters) of water in the so-called Kaskida prospect, 246 miles (396 kilometers) south of Lafayette, Louisiana, according to a Bureau of Safety and Environmental Enforcement statement today. The London-based company’s exploration plan for the site was approved Oct. 21.
“BP has met all of the enhanced safety requirements that we have implemented and applied consistently over the past year,” Michael R. Bromwich, director of the U.S. offshore drilling-safety regulator, said in a statement. “BP has adhered to voluntary standards that go beyond the agency’s regulatory requirements.”
BP rose 0.8 percent to 461 pence as of the 4:30 p.m. London close, the highest since July 29.
Read Full Article from Bloomberg
- Posted: 2011-10-26 11:44:28
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