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Page added on June 21, 2012
The federal government’s first auction of offshore petroleum leases in the same area where the Deepwater Horizon exploded in 2010 brought in $1.7 billion in winning bids Wednesday.
By CAIN BURDEAU
Interior Department Secretary Ken Salazar called the sale robust and said it demonstrated that the drilling industry was returning to levels seen before BP PLC’s catastrophic oil spill forced the federal government to scale back production in the Gulf of Mexico and impose sweeping new safety measures and requirements.
“We’re back. The rigs are back,” Salazar said. “It’s proof positive that the oil and gas industry is confident that they can meet the heightened safety requirements that we have instituted since the Deepwater Horizon.”
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