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Shell gets back to work in the gulf

By Daily Mail Reporter
Updated: 04:07 EDT, 9 June 2011

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Shell has pressed the button on the first new drilling in the Gulf of Mexico since rival BP's infamous Macondo oil spill last year.

The Anglo-Dutch explorer said it had approved a 'multi-billiondollar' investment to develop the Cardamom oil field, off the US coast.

Shell (up 1p to 2124.5p) won approval from the US government in March to be the first to drill for oil in the Gulf following a six-month moratorium.

The company insisted that 'rigorous global safety standards underpin our approach to deepwater exploration and production'.

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