Three Macondo legacies

05/02/2011
Less important than 11 families changed forever yet fateful all the same are two other legacies of last year's Macondo tragedy with which the offshore oil and gas industry will contend for many years. One has a constructive dimension and the other, much less so.One legacy is public distrust. Before BP's Macondo well blew out on Apr. 20, 2010, causing a rig explosion that killed 11 workers, Outer Continental Shelf producers had assured regulators—and regulators had accepted the assurance—that they could bring a runaway well under control in deep water. The accident showed they could not.Prevention vs. preparednessThe misrepresentation was not deliberate. It resulted from a comb...
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