Bp And Gulf Of Mexico Oil Spill Essay

1139 Words Mar 7th, 2015 5 Pages
Case Study:
BP and Gulf of Mexico Oil Spill

Presented by: Valerie Reese

Case Summary:

On April 20, 2010, a British Petroleum (BP) oil well in the Gulf of Mexico exploded. Eleven people were killed and 17 more were injured (Barnard 413,421). The explosion caused a huge amount of oil to spill into the Gulf of Mexico. Before the explosion, BP had been known as a safe and environmentally friendly company. BP had been awarded several awards and received recognition as being a good company. However, they did not seem very safe or environmentally friendly after the explosion occurred.
Not only was BP responsible, but their contractors were as well. Two of their main contractors were Transocean and Halliburton. The companies made decisions to go through with drilling for oil even though they knew there were obvious safety concerns. After performing several tests that indicated problems, they continued with the drilling, which led to the explosion and fire. According to Barnard, two days later on April 22, 2010, the oil rig sank. Two days after that, April 24, 2010, it was noted that oil was still leaking out into the Gulf of Mexico. It took months to finally seal the well and stop the leak. The well was permanently sealed off on September 19, 2010 (Barnard 421).
The total costs of the explosion are estimated to be in the billions. The costs include fines, penalties, damages, and cleanup efforts. The effects of the explosion…

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