Baker Institute: Drilling in Gulf of Mexico evolves after Macondo blowout, oil spill

02/21/2011
Paula DittrickSenior Staff WriterFuture oil and gas production from the deepwater and ultradeepwater Gulf of Mexico hinges on how US drilling policy and safety standards evolve following the April 2010 Macondo well blowout and subsequent oil spill, speakers said Feb. 11 at Rice University's Baker Institute."In 2010, the US Gulf of Mexico is expected to produce a combined 1.7 million b/d of oil and 6 bcfd of natural gas, equivalent to 23% of US oil and 10% of gas output," said J. Robinson West, PFC Energy chairman and chief executive officer.He was among speakers at a Baker Institute day-long conference entitled "US Offshore Oil Exploration: Managing Risks to Move Forward.&q...
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