Royal Dutch Shell Plc (NYSE:RDS-a) chief executive officer Peter Voser came out swinging today against the design of the well used for Macondo and the way BP (NYSE:BP) conducted the investigation into the reasons why it failed.
Voser's conclusion that BP used less expensive options in order to increase profits at the expense of safety lines up with the conclusions of lawmakers in the U.S. that in part is seemed part of the BP practices at this particular oil well.
"Shell clearly would have drilled this well in a different way and would have had more options to prevent the accident," asserted Voser. He was talking about using more barriers than BP did to prevent leaks in the design of the well.
Concerning Shell's projects in the Gulf of Mexico, Voser said they would be more selective in who they worked with, making sure the companies had the expertise and ability to help pay for the costs if an accident were to occur.
That was and is a major problem for BP, which is struggling to get some of their smaller partners to pay. And even if and when they pay, there will be limitations on how much they will be able to pay.
No comments:
Post a Comment