More crony capitalism from 0bama??
Petrobras gets permit for U.S. deep waters
The approval marks the first time FPSO technology will be used in U.S. waters of the Gulf of Mexico.
The oil and gas project is about 165 miles off the coast of Louisiana in 8,200 feet of water. The FPSO has a production capacity of 80,000 barrels of oil and 16 million cubic feet of natural gas per day.
The BOEMRE approved the production safety system permit and a supplemental deep-water operating plan from Petrobras. The regulatory agency said it was satisfied that operations would be safe from hurricanes and other natural disasters.
Read more: Petrobras gets permit for U.S. deep waters - UPI.com