The move by the Interior Department’s Bureau of Ocean Energy Management is designed to ensure that the companies have set aside enough money to dismantle offshore facilities once oil and gas stops flowing.
Shell has already been drilling the well for more than two weeks. But BSEE had ordered the company to halt after completing the top 3,000 feet, because critical emergency equipment were not nearby to safeguard the work.
More than a dozen oil companies and drilling contractors joined leading industry trade groups in pushing back against proposed federal mandates for offshore wells they say would make some impossible to drill. The proposed requirements were spurred by the Deepwater Horizon disaster.
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