Europe rejects deepwater drilling moratorium

The European Parliament has voted against the proposed moratorium on deepwater drilling around its member countries.

Offshore staff

LONDON – The European Parliament has voted against the proposed moratorium on deepwater drilling around its member countries.

Malcolm Webb, CEO of Oil & Gas UK, said his association welcomed “the clear signal that members of the European Parliament (MEPs) have sent to the European Commission that a moratorium on deep-sea drilling is unjustified and inappropriate. We now urge the Commission to take this into account as it formulates its views on the safety of European oil and gas activities.

“The UK oil and gas industry operates under a robust and fit for purpose regulatory regime, with almost 7,000 wells having been drilled successfully over the last 20 years.

“However, MEPs did show support for other measures which we believe are unjustified and which, if implemented, could harm the UK economy, jobs, and security of energy supply. We have highly technically competent and professional regulators and there can be no benefit to the UK in duplicating their expertise.”

Webb pointed out that industry and government in Britain, via the Oil Spill Prevention and Response Advisory Group (OSPRAG), are reviewing UK procedures and practices “and will institute any enhancements identified as a result of that review or the findings of the investigations and enquiries currently ongoing in the United States.”

10/08/2010

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