Owner of Sunken Gulf Oil Rig Dominant Source of Problems in Gulf Since 2008
Wednesday, May 12, 2010
The Deepwater Horizon accident in the Gulf of Mexico was not the first safety problem that oil rig operator Transocean has suffered in recent years. A review of safety reports logged with the federal government showed the company accounted for almost 75% of all incidents within the past two years involving deepwater platforms in the Gulf, according to an investigation by The Wall Street Journal, even though it maintained only 42% of the rigs.
It also was revealed that many of Transocean’s problems have come since it merged with a rival company, GlobalSantaFe, in late 2007. In the two years before the merger, Transocean ran 30% of the Gulf rigs and was responsible for 33% of the safety incidents.
-Noel Brinkerhoff
Rig Owner Had Rising Tally of Accidents (by Ben Casselman, Wall Street Journal)
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