Impact Of The On The Oil Industry And Government Agencies

On the 20th of April, a malfunction occurred causing an oil explosion on the Deep water Horizon rig. Crews had experienced, what would be called a triumphant evening by the rupturing blast that they just encountered. Both crews worked tireless hours up on completing the well that lies 13,000 feet beneath the floor of the ocean. The Moncondo Prospect project was caped and completed while waiting for phase two, which resulted in harvesting the oil and gas. It was stated, the problem was not in technology, but from the list of errors made by the people in the company. According to C. Hoffman (2010), â€Å"The following lessons drawn from forensic engineering should spur changes in the oil industry and government agencies that will lead to better risk assessment, more useful regulatory oversight, safer operating procedures and rapid crisis response. The blowout was a punishing lesson: 11 workers were killed and 17 injured in the accident itself. The resulting oil spill damaged the econo my and environment of the entire Gulf Coast. But out of this calamity changes can come that will reduce the chances of such a tragedy occurring again, not just in deep water drilling but in other high tech, high-risk industries as well.† After, the explosion occurred, the BP crew had made attempts to activate the rig’s blowout preventer, designed to cut off the channel, which was releasing the oil. Instead, the fail-safe mechanism, device malfunctioned as well. With this in mind, a year later theShow MoreRelatedThe Giant Bomu Oil Field Essay1531 Words   |  7 PagesThe giant Bomu oil field in Ogoni located in Gokana Local Government Area, which has estimated ultimate recovery of 0.311 billion of barrels of oil and a total of 0.608 billion of barrels of oil equivalent including gas, was discovered in 1958 (Aniefiok et al 2013, Amanyie 2006, and Vassilion 2009). 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