Green

Responsible drilling mad dash taking place in the Gulf of Mexico

BP’s April 2010 Gulf disaster happened not too long ago. It led to a five month drilling moratorium in the Gulf. But within last few months more than ten new mega oil discoveries happened in the Gulf of Mexico. Billions of dollars have been invested in deep-water wells off of Louisiana and Texas since the BP disaster. Drillers in the Gulf of Mexico include BP, Hess, Chevron, Royal Dutch, Anadarko Petroleum, Murphy Oil and others. The United States is producing more gas and oil than ever and setting new production records thanks to fracking and other technologies. Is this another environmental disaster waiting to happen?

New wells are being drilled in the deepest part, more than 1,300 feet deep in the ocean that will increase the U. S. production by more than 15 percent. Since the disaster regulators have bolstered safety regulations. Seismic and drilling technological advancements since the disaster satisfy many regulators who are equally concerned over environmental protection and overall Gulf region. There are billions of barrels of oil yet to be drilled using environmentally sensitive technologies. New regulations will help to avoid another disaster taking place similar to BP.