Facing down offshore challenges
Chevron starts drilling deepest well ever in Eastern Canada’s Orphan Basin confident it has measures in place to handle a blowout; Newfoundland government said the oil industry is too critical to region’s economy to suspend offshore exploration
For Petroleum News
Drilling started May 9 on the deepest well ever planned for Canadian waters – a venture Imperial Oil chief executive officer Bruce March described as “high-risk,” an economic gamble that has been compounded by a public clamor for tighter rules or outright bans on offshore drilling.
In 8,500 feet of....
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Extra due diligence
Fail-safe shutdown an option
Offshore rules relaxed in 2009
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