Margaret river offshore drilling lease approved by Indian government.” (The above story says the $100,000 was originally for the operation of a hydropower plant.)
A spokesman for the Indian government has said that the lease, which was also rejected by the United States government in 2010, was intended for “a limited amount of use” in order to test the technology to see whether it meets Indian safety guidelines. The Indian government has also said that the company “does not hold any significant exploration licence and would never do so.”
According to the AP report, the AP also quoted Dr. David N. Beigel, a former vice president at the Center for Global Ecology who has researched and written extensively about the mining and drilling industry in the United States, who says that the new agreement could give the company $2.6 billion in revenue for the current decade. “There are more and more companies coming on stream and the industry is maturing,” Beigel told The New York Times.
The story continues to explain in more detail why the US State Department has approved the company’s new lease agreement:
“The company, known as Eni and based in Turin, plans to begin drilling a 5,200-barrel oil well this year along the shore in the Marlborough Indian Reservation. In exchange, its leases will be suspended by March of next year, giving it the opportunity to move ahead with a $100 million investment in a new facility in Marlborough that the company has already secured. Eni has sought to boost its oil production in Canada by moving more oil and gas from the area.”
This is the third time, apparently, that the company has entered into an agreement with Indian government officials after it lost its permit to drill a major well there.
The AP reports that the U한게임 포커S Army Corps of Engineers has ordered Eni to stop drilling at the area “if the site becom평택출장마사지es contaminated with crude oil or natural gas, which이천출장샵 could be deadly.” The AP report says that the Army’s announcement is “the first time the agency had ordered Indian officials to stop a controversial drilling plan because of contamination concerns,” a position that would be more than consistent with the “natural gas revolution” that’s now under way across the country (with the state-funded exploration that now goes into fracking being the case).
The AP article explains the significance of that finding, quoting an Indian law official who says that because the area is not the type of “sensitive” area that could result in a “disastrous leak” of crud