SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Liberalism: Do You Agree We've Had Enough of It?

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Kenneth E. Phillipps6/4/2010 1:07:06 PM
  Read Replies (3) of 224706
 
Earlier this year, BP, Chevron, Imperial Oil and others sought a change to a long-standing policy in Canada that requires oil companies to have a viable "same season" relief well plan in place in case of a blowout.

The policy applies to Canada's Beaufort Sea in the Arctic. There aren't any offshore wells in the Beaufort Sea now, but the companies were looking into exploring there.

The Canadian policy was established in the 1970s because the region becomes so icy that if a blowout occurs, companies have to respond quickly to prevent a major catastrophe, said Bharat Dixit, a team leader with Canada's National Energy Board.

In urging a change to the policy, the oil companies said that the law was antiquated and that modern technology was so advanced that a blowout could be plugged without the need for relief wells. Canada has postponed a decision on the policy.

Transocean, the rig owner in the Gulf accident, supported changing the policy. In doing so, the company touted its expertise and new methodologies "that can demonstrate a satisfactory degree of compliance and greater level of reliability than offered by the current 'same season relief well' requirement."

cnn.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext