BP Oil Spill Drilling Moratorium Lifted
Oct 12, 2010 | Parker Waichman Alonso LLP
The deepwater drilling moratorium imposed because of the BP oil spill is being lifted. The moratorium, which had idled 33 drilling platforms, was originally supposed to last until November 30. The BP oil spill began with an explosion aboard the Deepwater Horizon oil rig that killed 11 men on April 20. All attempts to staunch the gusher failed, until a cap was successfully deployed over the well on July 15. By that time roughly 4.4 million barrels of oil had leaked into the Gulf of Mexico. It...
