Manufacturing facilities will be built to manufacture pipes, drill bits, valves and other required infrastructure materials.

FORBES: Move up http://i.forbesimg.com t Move down

The new Bureau of Ocean Energy Management allowed Chevron to resume spinning its drill bits in March.

FORBES: Chevron And BP Reveal Big New Deepwater Finds In The Gulf Of Mexico

The drill bits still have a way to go, but so far the geologists like what they see.

FORBES: Magazine Article

Already super-strong drill bits are being produced by a company called Nanodyne .

FORBES: Nanotechnology: A New World Is Born

Drilling engineers use tons of a thick fluid called drilling mud to lubricate drill bits as they chew through rock.

FORBES: Blowout Suspected in Transocean Rig Explosion

Under drilling services the company provides drill bits, drilling fluid systems, completion systems, and integrated project management for well construction projects.

FORBES: Pronounce It 'Shlum-Bur-Zhay' And Value It At $106

ExxonMobil is interested in prolonging the shelf life of drill bits, which wear out after only hours boring holes in the ground.

FORBES: Magazine Article

It had a tidy business in early 1997 selling coin-size diamond-embedded inserts that fit into larger drill bits used to dig oil and gas wells.

FORBES: Money & Investing

The Alaskan refuge might have seen drill bits even without Katrina, thanks to a provision Domenici slipped into the federal budget bill now before Congress.

FORBES: Open the Spigots

If the administration were at all interested in getting permits and drill bits going again then it would phase in these new environmental assessments gradually.

FORBES: Offshore Oil Czar Bromwich Falls Flat With Op-Ed Defending Permit Delays

Whoever was spinning the drill bits and selecting the spots at which to sink them, Shell wasn't developing new oil and gas fields fast enough to replace what it pumped out.

FORBES: Shell Shocked