Deepwater moratorium ends; groups fear slowdown

10/18/2010
Offshore oil and gas producers warned of a de facto moratorium on deepwater drilling in the US Gulf of Mexico as the Department of the Interior lifted a formal moratorium in effect since shortly after the Apr. 20 blowout of the Macondo well in 5,000 ft of water off Louisiana.Interior Sec. Ken Salazar said Oct. 12 that a drilling resumption was in order subject to "tighter rules, stronger oversight, and in a regulatory environment that will remain dynamic as we continue to build on the reforms we have already implemented."He made his decision after receiving a report from Bureau of Ocean Energy Management, Regulation, and Enforcement Director Michael R. Bromwich and considering o...
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