Friday, May 28, 2010

Exxon Mobil (NYSE:XOM) Suspends Drilling at Hoover Diana Well

As a result of the ban on drilling in the Gulf of Mexico, Exxon Mobil (NYSE:XOM) has suspended operations at its Hoover Diana well in the area.

Barack Obama ordered a moratorium on drilling in the region.

According to Exxon Mobil spokeswoman Cynthia Bergman, this is the second well in the area affected by the order.

The other was an exploratory well at their Hadrian project in the Gulf, which is delayed till further notice.

New drilling in the Gulf has been halted for those in deep waters, and that has been extended to six months.

The ban will remain until it is discovered what caused the Deepwater Horizon oil rig to explode and spew oil into the area.

BP (NYSE:BP) had leased the oil rig from Transocean (NYSE:RIG).

No comments: