NOIA responds to government's drilling suspensions

The National Ocean Industries Association says the Department of the Interior’s drilling suspensions do not lessen the confusion and uncertainty surrounding offshore energy exploration in the Gulf of Mexico.

Offshore staff

WASHINGTON, D.C. -- The National Ocean Industries Association says the Department of the Interior’s drilling suspensions do not lessen the confusion and uncertainty surrounding offshore energy exploration in the Gulf of Mexico.

The suspensions prohibit drilling operations that use subsea BOPs or surface BOPs on floating facilities until Nov. 30, 2010. It does not prohibit drilling specifically by water depth.

“The practical effect is that whether you call this a suspension or a moratorium, there is no clear path for deepwater exploration companies to follow, and until such a path exists, exploration is at a standstill and more jobs will be lost,” says Burt Adams, NOIA chairman. “If it looks like a moratorium, acts like a moratorium, and the effect is the same as a moratorium, it is a moratorium.”

07/14/2010

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