New Offshore Drilling Standards Coming Within Two Weeks
It’ll soon be clear just what offshore oil drilling in America will look like, post oil spill. The newly formed Bureau of Energy Management is expected within the next two weeks to release new drilling standards, Dow Jones Newswires reports.
Michael Bromwich, the current bureau head, has been developing the rules over the last several month, and they should also determine when the offshore drilling moratorium, which was put in place after the oil spill, will end.
According to Dow Jones:
The new offshore drilling rule will include some or all of the suggestions made by the Interior Department in a May 27 report to President Barack Obama.
That report included a spate of new well-design standards and safety measures, including a provision to make sure blowout preventers have two sets of blind shear rams that are spaced at least four feet apart.
Meanwhile, BP announced yesterday that it will join an effort by three major oil companies to develop technology to stop the flow of oil in the event of a blowout.