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  • Work Continues on Oil Spill

    Work continues on BP’s oil spill leak coming from well MC 252 in the Gulf of Mexico that occurred more than a month ago.  Latest technology to contain the well includes the plan to use a “top kill” operation, in addition to subsea efforts focused on well intervention techniques via a blow out preventer.  The “top kill” method involves the injection of heavy drilling fluids into the well to stem the flow of oil and gas.

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  • Speculation Continues As No New Offshore Permits Approved

    Speculation continues to abound in regards to the Interior Dept.’s recent announcement that no new offshore drilling permits would be approved for essentially the rest of the month, in response to BP’s rig disater.  Some reports indicate that any permits approved prior to April 20 will be honored and the rigs able to move to those locations, but that no rig would be allowed to move if the permit was approved after April 20.  While that has yet to be verified, it is understood that Approved Permit for Maintenance (APM) requests such as workovers, P&A’s, etc are not affected by the ruling.  Beyond these two issues, however, no one seems to be completely clear on the full scope.  However, at this point most believe that activity will be affected minimally as most operators are appearing able to shift work around enough to enable their rigs to remain working.  Clearly, only time will tell how this ruling will ultimately affect the rig fleet, but it appears to still be too early in the process for any real effect to be felt.  The Minerals Management Service (MMS) has concluded inspections on the 30 rigs currently operating in the deepwater Gulf.  Reports are ...

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