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British Petroleum Deepwater Horizon

In: Enterprise Risk Management in Finance

Author

Listed:
  • Desheng Dash Wu

    (Stockholm University
    University of Toronto)

  • David L. Olson

    (University of Nebraska)

Abstract

The Macondo well, operated by BP, aided by driller Transocean Ltd. and receiving cement support from Halliburton Co., blew out on April 20, 2010, leading to 11 deaths. The subsequent 87-day flow of oil into the Gulf of Mexico dominated news in the US for an extensive period of time, polluting fisheries in the Gulf as well as the coastal areas of Louisiana, Mississippi, Alabama, Florida, and Texas. The cause was attributed to defective cement in the well.

Suggested Citation

  • Desheng Dash Wu & David L. Olson, 2015. "British Petroleum Deepwater Horizon," Palgrave Macmillan Books, in: Enterprise Risk Management in Finance, chapter 12, pages 118-123, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-46629-7_12
    DOI: 10.1057/9781137466297_12
    as

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