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BP Oil Spill Update: New Offshore Moratorium Made

BP Oil Spill Update: New Offshore Moratorium Does Not Base Ban on Depth - A new offshore drilling ban had been in placed and according to Yahoo! News and the Associated Press this new ban is not based on depth. The new Offshore Moratorium which aims to prevent future tragedy like the BP Oil Spill hopes to be supported by the United States courts. The first ban had been deemed unconstitutional.

United States Interior Department said that the new ban applies to most deep-water drilling activities and is largely based on a new decision and new evidence regarding safety concerns, blowout containment shortcomings within the industry, and spill response capabilities that are strained by the BP oil spill.

If finally implemented, the new moratorium will establish a process to gather and analyze new vital information on issues like safety and response. These information in return will allow in identifying conditions for the resumption of certain deep-water drilling activities.

The new moratorium also removes the provision on drilling with more than 500-feet and instead applies it to any deep-water floating facility with blowout preventers.

Read the full news HERE.

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