Sunday, April 3, 2011

BP Set To Resume Drilling In Gulf Of Mexico

BP is planning to resume drilling in the Gulf of Mexico, a year after one of its wells exploded, causing a devastating oil spill.

The energy company has been negotiating with US regulators to restart deepwater drilling on 10 wells in the Gulf by the summer.

The Sunday Times are reporting that this deal has now been struck.

However, the move is likely to fuel public anger, as it comes a year after the Deepwater Horizon explosion that sparked the worst oil spill in US history and killed 11 workers.

The April 20 blast leaked millions of gallons of oil from the well into the sea before finally being capped in July.

BP have spent around $41bn (£25.4bn) on cleaning up the devastation and paying damages. (read more)