It also calls for real-time monitoring, third party reviews of equipment, regular inspections and safe drilling margin requirements.
"We listened extensively to industry and other stakeholders and heard their concerns loud and clear," said Assistant Secretary for Land and Minerals Management Janice Schneider. "This rule includes both prescriptive and performance-based standards."
Ocean protection advocacy group Oceana said that since Congress did not enact legislation to improve offshore drilling safety, the new standards by the Interior Department were "a significant improvement over the status quo."
Oceana Vice President Jacqueline Savitz said many measures in the final rule were standards already used by industry.
The Interior Department bureau has reported that offshore drilling caused at least 1,066 injuries, 496 fires and explosions, 22 losses of well control, 11 big oil spills and 11 fatalities since the Deepwater Horizon accident.
"The only way to truly ensure there will never be another disaster of the magnitude of Deepwater Horizon is to stop drilling offshore," Savitz said.