The various documents by the federal investigators showed that one faulty piece of equipment is what allowed the uncontrolled gas and crude to blow out
and destroyed the Deepwater Horizon rig; thus, causing the worst oil spill.
Based on the causes of the deepwater spills, it is clear that there are some
solutions that can be applied so as to help resolve the problem
(Steffy Phillies Pete
Rose Jersey , 2010). One thing is that a culture of tight safety and
experienced regulators would have helped in preventing the BP Deepwater Horizon
leak. There is a need for equipment modifications and new technologies that will
help to minimize the risk of such oil leaks. A solution involves pushing the
culture of safety that includes establishing new drilling guidelines, tougher
inspection regimes, and operator certification requirements (Fairley, 2010). It
is necessary that the oil and gas drillers should perform tests and maintenance
on their blowout preventer. The blowout prevent equipment that does seal and
control the gas and oil
wells Phillies Tim
McCarver Jersey , and this did fail during the deepwater horizon spill.
BP survival
From the disaster, BP estimates that it did cost nearly $40 billion. The spill wiped out half of the company?? value, and the company??
share price dropped from 653 pence per share to 303 per share by June (Bryant,
2011).
However Phillies
Darren Daulton Jersey , the recovery for the company has been steady. BP
survived the disaster because it took responsibility for what had happened.
After the incident, the goal of BP was to clean up the spill as fast as
possible, restore the environment and the economy, and also restore its image.
The company has the objective of admitting to the Americans that it was
responsible for the explosion and it was held accountable for the crisis
(Steffy Phillies
Juan Samuel Jersey , 2010). After understanding the impact of the
disaster, BP decided to set up a $20 billion fund to cover the costs of the
claims by residents who were affected by the spill.
BP also managed to survive the disaster through considering selling some of its assets in places
such as Vietnam and Egypt. The strategy that the company used was one that
considered shrinking to grow as that enabled the company to survive the disaster
(Bryant, 2011). While selling some of its assets so as to ensure proper
management, the company also considered some other strategies that would ensure
that it improves the ecosystem. BP ensured that it was one of its key
responsibilities to take care of the damage that had happened as a result of the
oil spill.
Therefore Phillies
Jimmy Foxx Jersey , the company ensured that it paid its fines, enhanced
security, and also helped to clean up the oil spill that has occurred.
??br > Reference
Steffy, L (2010). Shrinking to grow??BP strategy for survival. From
Bryant Phillies Chuck Klein Jersey , B (2011). Deepwater Horizon and the Gulf oil spill.
The Guardian From
Fairley, P (2010). How to prevent deepwater spills. MIT technology review. From
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