The Rising Influence of Rising Affluence

[OakesCS]

Force Majeure on GoM Jackup Rig

Dew,
I suspect this is do to the 'review' of all GOM drilling regulations called for by our beloved president. The rig in question is only rated to 120 ft depth so it's not affected by the deepwater moratorium. However, I think the institution formerly known as the MMS stoppped all new drilling operations in the GOM, regardless of depth, until the rigs in question were re-inspected. I suspect that since the rig is very old (1958), the MMS must've found something not up to snuff.

http://www.rigzone.com/data/rig_detail.asp?rig_id=653
Charlie