Industry gets MMS incentive for ultra-deepSeveral companies have submitted exploration plans, including Exxon (38,000 feet, Blackbeard) and Shell (29,000 feet, Shark) Ray Tyson Petroleum News Houston Correspondent
Federal regulators have come to the aid of explorers who long grumbled that more time was needed than allowed under government lease terms to prepare for the drilling of tricky and expensive “ultra-deep” gas wells in the relatively shallow waters of the Gulf of Mexico’s outer continental shelf.
So,....
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Several plan to go ultra-deep No initiative no giveaway
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