Business, Finance & Economics

BP wins first U.S. drilling permit since Gulf spill




The Bureau of Safety and Environmental Enforcement (BSEE) on Wednesday announced that it has approved BP's first drilling permit for a new oil well in deepwater Gulf of Mexico since the Deepwater Horizon disaster last year. 

In a news release, the BSEE said that the permit meets "enhanced safety requirements and standards established following the tragedy." The proposed well is part of BP’s so-called Kaskida prospect, and is located around 250 miles south of Lafayette, Louisiana, at a depth of 6,034 feet.

“BP has met all of the enhanced safety requirements that we have implemented and applied consistently over the past year. In addition, BP has adhered to voluntary standards that go beyond the agency’s regulatory requirements,” BSEE Director Michael Bromwich said in a statement. “This permit was approved only after thorough well design, blowout preventer, and containment capability reviews.”

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In an email to Bloomberg, BP spokesman Scott Dean said the company is "pleased to have received a permit." 

Jason Kenney, a European oil-industry analyst for Madrid-based Banco Santander SA, told Bloomberg that it is "important for the U.S. to have BP drilling and finding resources."

Reuters reports that BP Chief Executive Bob Dudley said Tuesday that the company has turned a corner since the disaster.