4/23/2012

Oil and natural gas companies are ramping up operations in the deepwater Gulf of Mexico two years after the BP oil spill that led to a temporary offshore-drilling moratorium, observers say. "Chevron's pace of drilling in the deepwater Gulf of Mexico is ahead of our pre-moratorium pace," said Steve Thurston, Chevron's vice president of deepwater exploration and projects. "Before the moratorium, we had three drillships working in the deepwater Gulf. We now have four drillships working, and our fifth drillship will arrive at the end of April," he added.

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