Reilly sees early end to drill ban

Anadarko website

Offshore outlook: Spill panel boss says drill ban likely to end early.

President Barack Obama’s moratorium on deep-water drilling is likely to end before it is set to expire 30 November, said William Reilly, co-chairman of a presidential panel probing the BP spill.



“I’ll be amazed if the moratorium is not lifted before 30 November,” Reilly said today in an interview on Bloomberg Television.

It is unclear “why it’s taking so long” to restart deep-water drilling, he said in a Bloomberg report.

The administration halted drilling in waters deeper than 500 feet after BP’s Macondo well, about 40 miles (64 kilometres) off the Louisiana coast, blew out 20 April.

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