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    POM Assignment-2 (Deepwater Horizon Oil Spill

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    chaitanyasave28
    The Deepwater Horizon oil spill in 2010 was the largest marine oil spill in history, releasing an estimated 4.9 million barrels of oil into the Gulf of Mexico. [1] The disaster resulted from several operational failures, including inadequate casing and cementing of the well, faulty equipment and delayed activation of the blowout preventer system, as well as an emergency response plan that underestimated the spill potential. [2] Lessons from the spill include utilizing stronger well designs, ensuring well integrity, employing properly maintained blowout preventer systems, and providing comprehensive well control training. [3]

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    POM Assignment-2 (Deepwater Horizon Oil Spill

    Uploaded by

    chaitanyasave28
    50 views13 pages
    The Deepwater Horizon oil spill in 2010 was the largest marine oil spill in history, releasing an estimated 4.9 million barrels of oil into the Gulf of Mexico. [1] The disaster resulted from several operational failures, including inadequate casing and cementing of the well, faulty equipment and delayed activation of the blowout preventer system, as well as an emergency response plan that underestimated the spill potential. [2] Lessons from the spill include utilizing stronger well designs, ensuring well integrity, employing properly maintained blowout preventer systems, and providing comprehensive well control training. [3]

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    POM Assignment-2(Deepwater Horizon Oil Spill PPT)

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    The Deepwater Horizon oil spill in 2010 was the largest marine oil spill in history, releasing an estimated 4.9 million barrels of oil into the Gulf of Mexico. [1] The disaster resulted from several operational failures, including inadequate casing and cementing of the well, faulty equipment and delayed activation of the blowout preventer system, as well as an emergency response plan that underestimated the spill potential. [2] Lessons from the spill include utilizing stronger well designs, ensuring well integrity, employing properly maintained blowout preventer systems, and providing comprehensive well control training. [3]

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    © All Rights Reserved
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    Download as pdf or txt
    50 views13 pages

    POM Assignment-2 (Deepwater Horizon Oil Spill

    Uploaded by

    chaitanyasave28
    The Deepwater Horizon oil spill in 2010 was the largest marine oil spill in history, releasing an estimated 4.9 million barrels of oil into the Gulf of Mexico. [1] The disaster resulted from several operational failures, including inadequate casing and cementing of the well, faulty equipment and delayed activation of the blowout preventer system, as well as an emergency response plan that underestimated the spill potential. [2] Lessons from the spill include utilizing stronger well designs, ensuring well integrity, employing properly maintained blowout preventer systems, and providing comprehensive well control training. [3]

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    Deepwater Horizon Oil Spill

    A Case Study on Operational Controls

    By: Chaitanya Save


    British Petroleum (BP)
    Founded: 1908

    Headquarters: London, England

    Industry: Energy, oil and gas

    Global Presence: Operations in over 80 countries

    Key Products and Services:


    Exploration and production of oil and gas
    Refining and marketing of petroleum products
    Petrochemicals manufacturing
    Low-carbon energy solutions
    https://hakaimagazine.com/news/10-years-after-deepwater-horizon-
    worries-remain/
    Introduction
    On April 20, 2010, the Deepwater Horizon oil rig exploded in
    the Gulf of Mexico, causing the largest marine oil spill in
    history.

    The spill released an estimated 4.9 million barrels of oil into


    the Gulf.

    The disaster resulted from several operational failures.

    https://hakaimagazine.com/news/10-years-after-deepwater-horizon-
    worries-remain/
    Main operational controls that were lacking:
    01 02 03
    Well Integrity BOP System Failures Emergency Response Plan
    Inadequacies

    1) Underestimation of Spill
    1) Inadequate Casing 1) BOP Activation Delay
    Potential

    2) Faulty Cementation 2) BOP Equipment Malfunction


    2) Ineffective Communication
    https://www.doi.gov/oepc/preparedness-and-response-oil-spills-and-
    hazardous-substance-releases
    BBhttps://www.slideshare.net/duckcy04/deep-water-
    horizon-accident-investigation-lessons-learned
    Lessons from the Deep
    1) Well Design
    Use a riser made of a stronger material, such as high-
    strength steel.

    2) Well Control Practices


    Use a BOP that is properly sized and maintained.
    Monitor well pressures closely and take corrective action
    when necessary.

    3) Oversight
    Require oil companies to use stronger risers in deepwater
    drilling.
    Hold oil companies accountable for their actions.

    https://www.bbc.com/news/10370479
    BP's Financial Fallout
    Financial Impact Reputational Impact

    Cost to BP: Over $65 billion


    Criminal fine: $4.5 billion
    Decline in BP's share price: Over 60% loss
    BP's sales declined by 14% in 2010.
    BP's profits fell by 96% in 2010.

    Widely criticized for handling of the spill


    Damaged reputation for safety & environmental
    responsibility
    Decline in consumer trust in BP
    Negative impact on sales and profits
    Share Price of BP
    70$

    60$

    50$

    40$

    30$

    20$

    10$

    0$
    April 20 May 25
    Towards Safer Offshore
    Drilling
    Utilize stronger risers made of high-strength
    materials.

    Ensure casing and cementing integrity.

    Employ a properly sized, maintained, and tested BOP


    system.

    Implement continuous wellbore monitoring.

    Provide comprehensive well control training to rig


    personnel.
    From Tragedy...
    To Transformation
    New well design standards.

    A greater emphasis on safety.

    Injury rate has declined by more than 50%.

    New well control procedure that requires the


    BOP to be tested more frequently has been
    implemented.

    BP has increased its investment in safety


    research and technology by $1 billion per
    year.
    Thank You!

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