On Tuesday, British Oil Company BP said that its own investigation team has been discussing the results of investigations regarding the cause, or causes, of the Deepwater Horizon accident in the Gulf of Mexico. According to their preliminary analysis, the fire and subsequent oil spill on the horizon were caused by the failure of several different processes, systems, and equipment.
Although there were a number of control mechanisms, which included both procedures and equipment, that should have stopped the accident from occurring, (to put it bluntly) they did not. Among these control mechanisms which are under investigation by BP include: cement intended to seal the reservoir from the well, pressure tests to insure that the well is sealed, an Emergency Disconnect System (EDS) which is activated by pushing one of many buttons located on the rig, and the execution of procedures meant to detect, and also control, hydrocarbons in the well.
BP’s self-investigation has been underway since April 21st, and is being carried out by the company’s Head of Group Safety and Operations. The oil company’s current financial situation stands as such: on Monday, shares closed at 493 pence, which values the company at GBP92.63 billion.
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