BP tactics to reduce costs and save time resulted in the tragic Deepwater Horizon oil spill that killed 11 workers and spilled millions of gallons of oil into the Gulf last year, a final federal report by the joint Coast Guard-Bureau of Ocean Energy investigation has found.
The report criticized BP and its contracting partners Halliburton and Transocean for failing to properly assess the risks involved with the Macondo well and develop adequate emergency and safety response controls.
In a summary, the investigation concluded:
“The loss of life at the Macondo site on April 20, 2010, and the subsequent pollution of the Gulf of Mexico through the summer of 2010 were the result of poor risk management, last‐minute changes to plans, failure to observe and respond to critical indicators, inadequate well control response, and insufficient emergency bridge response training by companies and individuals responsible for drilling at the Macondo well and for the operation of the Deepwater Horizon.”
In addition to BP’s failure to fully assess risks associated with the Macondo well and respond appropriately, the oil giant’s “cost or time saving decisions without considering contingencies and mitigation were contributing causes of the Macondo blowout,” the report stated.
In the months leading up to Deepwater Horizon, BP’s oil profits averaged $93 million a day.