• Submitted By: Linna-Te
  • Date Submitted: 06/21/2016 8:07 PM
  • Category: Science
  • Words: 326
  • Page: 2

Deep water Horizon Drilling

PART V Cost of the Disaster - Quantitative

A. Organizations directly linked to disaster
1. Well ownership (BP)
2. Well operator (BP & Halliburton)
3. Well drilling rig operator/services (Transocean)

“London-based BP was the owner of the Macondo well and its employees directed the drilling of the well. Halliburton cemented the well and performed other critical services. Transocean owned and operated the Deepwater Horizon drilling rig.”

BP was "ultimately responsible" for operations at the site "in a way that ensured the safety and protection of personnel, equipment, natural resources, and the environment," But Transocean, the owner of the Deepwater Horizon rig, was also "responsible for conducting safe operations and for protecting personnel on board." Meanwhile, Halliburton - a BP contractor - was "responsible for conducting the cement job, and ... had certain responsibilities for monitoring the well."

Transocean, based in Switzerland, will pay $212 million to businesses and local governments that brought claims, plus an undetermined amount of attorney’s fees. The deal is subject to approval from the U.S. District Court. BP has agreed to pay Transocean $125 million to reimburse it for legal fees and has dropped all further claims. As the perpetrators , BP suffered heavy losses. Market estimates , BP Tam compensation , cleanup costs, build relief wells and other facilities leakage mitigation costs and expenses related to Louisiana, Alabama , Mississippi and Florida have already totaled up to $ 37 billion . BP accident will also affect future oil and gas operations in the Gulf of Mexico , which hit financial markets , severely damage the company's reputation.


Christina Ingersoll, Richard M. Locke, Cate Reavis. BP and the Deepwater Horizon Disaster of 2010. April 3, 2012.
Daniel Gilbert, Justin Scheck. BP Is Found Grossly Negligent in Deepwater Horizon Disaster. September 4, 2014
The Gulf Oil...

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