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Energy

Exxon warns on premature changes to deepwater drilling laws

KUALA LUMPUR, June 7 (Reuters) - Exxon Mobil Corp XOM.N cautioned against "premature reactive changes" to deepwater drilling legislation that can hurt the energy industry in the longer term in the wake of the giant oil spill in the Gulf of Mexico.

ExxonMobil's senior vice president Andrew Swiger also said it is premature to speculate on changes to legislation to deepwater drilling before investigations on BP's BP.L ruptured Gulf oilwell are complete.

“We need to guard against premature reactive changes to legislation that may not in the longer term be helpful but detrimental to the industry,” Swiger told a news conference at an industry meeting in the Malaysian capital.

“It is too early to speculate on any changes to legislation until the investigation is complete.” (Reporting by Jennifer Tan, writing by Ramthan Hussain)

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