Bloomberg News

BP Wins U.S. Approval to Drill Well in Gulf’s Deep Waters

November 01, 2011

(Updates with depth of the well in second paragraph.)

Oct. 26 (Bloomberg) -- BP Plc won its first U.S. permit to drill a new well in the Gulf of Mexico’s deep waters since the 2010 explosion at a company-leased rig triggered a record offshore spill.

BP will drill in 6,034 feet (1,839 meters) of water in the so-called Kaskida prospect, 246 miles (396 kilometers) south of Lafayette, Louisiana, according to a Bureau of Safety and Environmental Enforcement statement today. The London-based company’s exploration plan for the site was approved Oct. 21.

“BP has met all of the enhanced safety requirements that we have implemented and applied consistently over the past year,” Michael R. Bromwich, director of the U.S. offshore drilling-safety regulator, said in a statement. “BP has adhered to voluntary standards that go beyond the agency’s regulatory requirements.”

BP rose 0.8 percent to 461 pence as of the 4:30 p.m. London close, the highest since July 29.

“We are pleased to have received a permit,” BP spokesman Scott Dean said in an e-mailed statement.

The explosion of BP’s Macondo well about 40 miles off the Louisiana coast last year killed 11 people, spilled 4.9 million barrels of oil, and caused a suspension of oil exploration in the region.

--With assistance from Brian Swint in London. Editors: Steve Geimann, Judy Pasternak

To contact the reporter on this story: Katarzyna Klimasinska in Washington at

To contact the editor responsible for this story: Larry Liebert at

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