Just 3 miles from the catastrophic BP spill in the Gulf of Mexico, a Louisiana company is seeking to unlock the same oil and natural gas that turned into a deadly disaster.
Drilling has begun in the closest work yet to the Macondo well, which blew wild on April 20, 2010, killing 11 people and fouling the Gulf with as much as 172 million gallons of crude in the nation's worst oil spill. Federal regulators gave their blessing last month to LLOG Exploration Offshore LLC. to drill the first new well in the same footprint where BP was digging before.
The resumption of drilling at the former BP site comes as the oil industry pushes into ever deeper and riskier reservoirs in the Gulf. It reflects renewed industry confidence — even as critics say not enough has been done to ensure another disaster is avoided.
"Now that five years have passed it seems that some of the emotions are less raw," said Pavel Molchanov, an energy analyst with the investment firm Raymond James in Houston.
If anything, drilling into BP's Macondo reservoir may be safer now, he said.
Read the full story at ABC News >>
Read more about Gulf oil spill >>