Litigation

Gulf Oil Spill - British Petroleum's Poor Safety Record Eclipsed by Transocean's

By Angel Reyes

Who'd a thunk it?  British Petroleum's poor safety record looks awe inspiring compared to Transocean's.  The Wall Street Journal analyzed data from the Minerals Management Service and found the following.  From 2005-2007, better than half the incidents investigated by the MMS involved just 2 companies: Transocean and GlobalSantaFe.  In late 2007, Transocean acquired GlobalSantaFe and the combined company was responsible for 73% of the incidents investigated by the MMS involving deep-water rigs in the Gulf.  That's right, safety records at Transocean actually became significantly worse than they were just a few years earlier.

In 2009, Tansocean's Board of Directors were so concerned about safety, it eliminated all executive bonuses.  That year four workers died on Transocean rigs.

The people and businesses affected by the massive oil spill in the Gulf of Mexico deserve answers about British Petroleum and Transocean's safety records.  Let's hope the days and weeks ahead shed further light on who is responsible for the damage the gulf oil spill caused.
 

Full post as published by Angel Reyes Blog on May 10, 2010 (boomark / email).