Exxon execs warn on curbing on deepwater drilling

KUALA LUMPUR/BEIJING (Reuters) - ExxonMobil warned against quick reactive changes to deepwater drilling laws that damage long-term investment decisions and urged governments to take time to assess the reasons for the Gulf of Mexico oil spill.

Reuters
Jun 7, 2010

KUALA LUMPUR/BEIJING (Reuters) - ExxonMobil warned against quick reactive changes to deepwater drilling laws that damage long-term investment decisions and urged governments to take time to assess the reasons for the Gulf of Mexico oil spill.

Senior executives of oil major Exxon Mobil Corp also underscored the importance of production from deepwater drilling in meeting global energy demand.

SOURCE

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