Drilling Moratorium

[geo_cajun]

_ I think that we are about to witness the opposite of supply side economics----We will see the trickle down of lost jobs-----now I need you oilers help ----BUT I have been told about the # of companies that are involved in a deep water well and if one loses out the next will follow and even to the food chain like in caterers to the rig and who brings them out---How bad could this be????? _

They just stopped all active and future drilling in 500+ feet of water, which will shut down 33 active rigs. Effectively cutting the amount of active rigs by 48%

Helicopter rides will be cut by half to drilling rigs
catering companies, food suppliers
hose suppliers
drill pipe companies
hot shot boat companies
mud loggers/engineers
many direct jobs on rigs
many indirect jobs
philanthropic giving to charity will decrease

The trickle down effect might be impossible to accurately quantify. After all, who buys all that seafood, people with other jobs, and a main employer is the petroleum industry. Without the petroleum industry acadiana, Louisiana, and the region will suffer mightily.

[shof]

Now this might be a silly question; but what is the U.S. governments "reach" into dictating drilling in the GOM (or anywhere else). Isn't it international water after about 12 miles or so? Can the government regulate what is happening beyond that distance?

[Hammer58]

_ They just stopped all active and future drilling in 500+ feet of water, which will shut down 33 active rigs. Effectively cutting the amount of active rigs by 48%

Helicopter rides will be cut by half to drilling rigs
catering companies, food suppliers
hose suppliers
drill pipe companies
hot shot boat companies
mud loggers/engineers
many direct jobs on rigs
many indirect jobs
philanthropic giving to charity will decrease

The trickle down effect might be impossible to accurately quantify. After all, who buys all that seafood, people with other jobs, and a main employer is the petroleum industry. Without the petroleum industry acadiana, Louisiana, and the region will suffer mightily. _

They just changed it to shut down ALL drilling in the Gulf regardless of waqter depth.

http://www.nola.com/news/gulf-oil-sp...lts_new_d.html

[Louisiana84]

The Obama administration's hit parade continues...

[Tripple Threat]

I'm not on the drilling side, but I am on the production side (chemistry). My infkormation on the drilling aspect is minimal, but I have been told some things about the concerns with the (BOP) Blow Out Preventor. I hope the decision making takes the following into account...

BOP's can be subsurface (on the platform) at up to 1200 feet. At issue here is the wells in which you need a subsea BOP stack. Any subsea well will need a BOP. A well drilled via a platform will only require a surface BOP since the tree will be on the surface.

Why stop drilling up to 500 ft? I understand the concern and the involvement of the government, but these knee jerk reactions need to be better thought out...

The majority of the major companies are going deepwater. Chevron, BP, Devon, and some smaller oil companies were pulling out of the GOM according to my last briefing. It's becoming to costly to produce a smaller amount of oil...A lot the platforms I've serviced are producing up to 40% water, which means that the wells are producing less oil. I'm worried about the future costing of producing and how that will affect everything that is derived from the oil. I don't remember the expected life expectancy of shelf production, but it's in our lifetime. Maybe Geo might have that info...

Increasing the taxation, lifting the credit given to oil companys, and putting a moratorium on drilling is going to make things more difficult to rely on ourselves for oil. Obama wants to stop relying on foreign oil and focus on new energy, cool, but our reliance on foreign oil is going to increase at this rate...

We shall see...

[Tripple Threat]

_ They just changed it to shut down ALL drilling in the Gulf regardless of waqter depth.

http://www.nola.com/news/gulf-oil-sp...lts_new_d.html

_

Tallk about an exaggerated reaction...

[Cajun90]

They just changed it to shut down ALL drilling in the Gulf regardless of waqter depth.

http://www.nola.com/news/gulf-oil-sp...lts_new_d.html

This is getting completely stupid.

[geo_cajun]

_ They just changed it to shut down ALL drilling in the Gulf regardless of waqter depth.

http://www.nola.com/news/gulf-oil-sp...lts_new_d.html

_

According to the article, there was a miss communication and they did not shut down shallow water ops. If they do that, I and many other people will be in trouble. Did you read the article??

[Hammer58]

_ According to the article, there was a miss communication and they did not shut down shallow water ops. If they do that, I and many other people will be in trouble. Did you read the article?? _

Yes. That article I cited was referencing an e-mail that came out of the Gulf of Mexico Regional office from someone at the MMS named Saucier (can't remember the first name). Now the MMS in Washington is contradicting the GOM office's statement. As can be seen in the updated TP article confusion reigns supreme. If the MMS can't figure out its own rules and policies how are we in the industry to be expected to implement them correctly?

http://www.nola.com/news/gulf-oil-sp...lts_new_d.html

[CajunT]

_ Yes. That article I cited was referencing an e-mail that came out of the Gulf of Mexico Regional office from someone at the MMS named Saucier (can't remember the first name). Now the MMS in Washington is contradicting the GOM office's statement. As can be seen in the updated TP article confusion reigns supreme. If the MMS can't figure out its own rules and policies how are we in the industry to be expected to implement them correctly?

http://www.nola.com/news/gulf-oil-sp...lts_new_d.html _

The incompetency in our present administration is overwhelming!