If you haven’t guessed yet, just think which company in the whole wild world of sports shouldn’t be getting dick from this government. Sure, I knew you could….
First Deepwater Drilling Permit Since BP Spill Goes to … a Well Co-Owned by BP
Offshore drilling regulators this week approved the first deepwater drilling permit since BP’s Deepwater Horizon disaster, and as many have pointed out, it’s going to a well owned and operated by Noble Energy.
But here’s a lesser-noticed fact, which Reuters reported today: BP co-owns the well—46.5 percent of it, to be exact. The Bureau of Ocean Energy Management, the revamped offshore drilling agency, made no mention of BP’s ownership of the well in itspress release, which touted the newly approved permit as a “an important step towards safely developing deepwater energy supplies offshore.”
(BP confirmed with us its stake in the well, but referred further questions about its involvement in operating the well and its expected revenue to Noble Energy.)
Regulators had asked oil companies to prove their ability to contain oil spills occurring in deep water before granting any more permits for deepwater drilling, and two systems have been proposed—one by a company called Helix Energy Solutions and another by the Marine Well Containment Company, a group of oil companies led by Exxon. Just last month, Bromwich said that neither system was ready yet and allowing deepwater drilling would be “simply irresponsible.” He stated this week that Noble—which has acontract with Helix—”is capable of containing a subsea blowout.”
“This permit was issued for one simple reason: the operator successfully demonstrated that it can drill its deepwater well safely and that it is capable of containing a subsea blowout if it were to occur,” said agency chief Michael Bromwich. He said the agency expects more deepwater permits to be approved in the “coming weeks and months.”
Per usual, there’s some more at the link.
I’m beginning to wonder if the current regime is even remotely capable of experiencing embarrassment.
What Do You Think?
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