Drilling Deepens in Gulf of Mexico

4 May 2009 (Last Updated May 4th, 2009 18:30)

Companies are drilling deeper in the Gulf of Mexico as they explore for new sources of crude and natural gas, according to a new government report. The number of projects at depths of 1,000ft or more rose 8% in 2008, according to a report by the country's Interior Department’s Minerals

Companies are drilling deeper in the Gulf of Mexico as they explore for new sources of crude and natural gas, according to a new government report.

The number of projects at depths of 1,000ft or more rose 8% in 2008, according to a report by the country's Interior Department’s Minerals Management Service.

In total there were 141 deepwater projects last year and 15 new deepwater discoveries made by exploratory drilling.