Deepwater Drilling in the Gulf of Mexico Is Expected to Return to Pre-Blowout Levels by the End of 2012 New Report
Deepwater drilling (at water depths of greater than 1,000 feet) in the US Gulf of Mexico (GoM) is making a comeback after the explosion at the Deepwater Horizon rig and the subsequent oil spill in April 2010. Despite the restraining factors, such as increased US government restrictions after the Deepwater Horizon explosion in April 2010 and the risk and high costs involved in deepwater drilling, the return of deepwater drilling is fuelled by several factors such as the high prices...
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