Ocean margin drilling slated for 1981 start

Authors


Abstract

The first clear outlines of the Ocean Margin Drilling Program have emerged with the recent release of the president's FY 1981 budget.

If Congress cooperates by appropriating the money for the program, the first phase of the 10-year, $700 million project will begin in 1981. The budget request calls for the government to spend about $10 million during this initial stage, with oil companies contributing a like amount.