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Published in:
2015 | OriginalPaper | Chapter
British Petroleum Deepwater Horizon
Authors : Desheng Dash Wu, David L. Olson
Published in: Enterprise Risk Management in Finance
Publisher: Palgrave Macmillan UK
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The Macondo well, operated by BP, aided by driller Transocean Ltd. and receiving cement support from Halliburton Co., blew out on April 20, 2010, leading to 11 deaths. The subsequent 87-day flow of oil into the Gulf of Mexico dominated news in the US for an extensive period of time, polluting fisheries in the Gulf as well as the coastal areas of Louisiana, Mississippi, Alabama, Florida, and Texas. The cause was attributed to defective cement in the well.