Speaking to reporters at a technical forum on next-generation blowout preventers (BOP) Tuesday, Interior Department officials said they expected to issue by September a proposal on enhanced standards for BOPs, a device that is believed to have malfunctioned in April 2010 and lead to the blowout of the Macondo well in the Gulf of Mexico (see Daily GPI, April 22, 2010). “This is a rule that I believe is much needed, and we will work deliberately toward getting a draft rule published,” said James Watson, director of Interior’s Bureau of Safety and Environmental Enforcement, earlier this month.
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BOP Testing Firm Expects to be ‘Microsoft’ of Drilling Industry
While Gulf oil and natural gas activity is lagging, the economic outlook for developers of new technology to quickly identify high-pressure leaks in blowout preventers (BOP) and other outage events looks brighter, executives say.
August 24, 2010