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Industry Brief

The Bureau of Ocean Energy Management, Regulation and Enforcement has approved its 10th permit for drilling in the deepwater Gulf of Mexico -- this one for Statoil Gulf of Mexico LLC to drill a new well (Well No. 1) in the Walker Ridge Block 969 in 7,813 feet of water, approximately 219 miles off the Louisiana shoreline. Statoil had a rig under contract and an approved permit to drill a new well when activities in the Gulf were suspended following the explosion aboard the Deepwater Horizon rig. Statoil has contracted with the Marine Well Containment Co. to stop the flow of oil in the event of a blowout.

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