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Analysis Projects Slow Recovery Rate For Gulf Of Mexico Drilling

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Mike Madere
September 12, 2011

Partisan rhetoric has been quick to blame political barriers for a drag in Gulf of Mexico (GOM) deepwater drilling permits, but a Sept. 7 analysis by FBR Capital Markets says those sentiments just do not float. Instead, the firm indicates the bottleneck in the GOM is the result of the increased work required in the permit-issuing process and a limited amount of bureaucratic resources needed to make such issuances.

As a result, FBR expects a continued slow recovery of the deepwater permitting rate.

The analysis also contends that the Gulf ...

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