We’ve only just begun…

Posted on 23 March 2011

From the President

Dr Lee Hunt, IADC President

Dr Lee Hunt, IADC President

As we approach the first anniversary of the Macondo tragedy, the drilling industry remains far from back to normal. The US Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) issued the first deepwater drilling permit in late February – a positive step, to be sure. Yet much uncertainty remains, and numerous investigations into Macondo are still ongoing.The National Commission on the BP Deepwater Horizon Oil Spill issued its findings in January, and commission chief counsel Fred Bartlit followed a month later with his own report. Nobody can predict what concrete actions or regulations these reports will ultimately bring about.

And there is much more to come.

The National Academy of Engineering, conducting an investigation at the request of the Interior Department, issued an interim report last October and is expected to issue its final report in June.

The joint investigation team of the US Coast Guard and the BOEM Marine Board of Inquiry says it anticipates releasing a report in July focusing on forensic analysis of the subsea BOP.

An inquiry by the Chemical Safety Board, at the behest of the House Committee on Energy & Commerce, is still under way.

Under the Department of Justice, both a criminal investigation and a civil suit are ongoing.

There are also numerous congressional inquiries in progress, with proposed bills that could bring additional drilling restrictions or affect oil companies’ liability limits.

On the international arena, the governments and regulators of many countries are on the alert. So far, most of them have not taken drastic actions while waiting for official reports to come out of the US. That is about to change. With 20 April around the corner again, many of these countries are beginning to anticipate taking action.

We expect that in Europe, especially, the European Union, the Petroleum Safety Authority of Norway and the International Regulators Forum will begin parsing the various US reports and making recommendations of their own.

This is on top of continuing improvement efforts already under way within industry, whether it’s the Joint Industry Task Force, OGP’s Global Industry Response Group (GIRG), or Oil & Gas UK’s Oil Spill Prevention and Response Advisory Group (OSPRAG).

Macondo was an event that will have monumental effects on this industry for years to come, irrespective of national borders. Wherever possible, IADC will work to ensure the drilling industry has a prominent seat at the table to influence the coming changes. We’ve only just begun.

Leave a Reply

*

FEATURED MICROSITES


Recent Drilling News

  • 20 October 2014

    Ocean Rig awarded extensions for two ultra-deepwater drillships

    Ocean Rig has been awarded extensions for its two ultra-deepwater drillships, the Ocean Rig Corcovado and the Ocean Rig Mykonos by Petrobras for drilling offshore Brazil…

  • 16 October 2014

    BG Group appoints Helge Lund as CEO; Statoil appoints Eldar Sætre as acting President and CEO

    "It has been a privilege to lead Statoil during 10 very exciting years,” Mr Lund said. “Together we have created values for Statoil’s shareholders and the society…

  • 15 October 2014

    Eni signs two PSCs for offshore exploration in Vietnam

    Eni has signed two production-sharing contracts (PSCs) with Petrovietnam for the exploration of blocks 116 and 124, located off the coast of Vietnam…

  • 13 October 2014

    OneSubsea awarded contract for PEMEX Lakach deepwater development

    OneSubsea, a Cameron and Schlumberger company, has been awarded a subsea production systems contract totaling more than $270 million for the Lakach deepwater project…

  • 08 October 2014

    Shell starts oil production from Gumusut-Kakap deepwater platform in Malaysia

    Shell has started oil production from the Gumusut-Kakap floating platform off the coast of Malaysia, the latest in a series of Shell deepwater projects...

  • Read more news