Posted on 06/19/2010 12:36:10 AM PDT by mainsail that
Anadarko Petroleum Corp., which owns a quarter of BP's blown-out oil well in the Gulf of Mexico, on Friday blasted BP for "reckless decisions and actions" that it said led to the well's explosion.
Joining in the torrent of criticism of the British oil giant as it seeks to escape the huge financial liability, Anadarko said that BP's behavior before the blowout likely represented "gross negligence or willful misconduct."
"We will be looking at our contractual remedies based on the information that we have already received about the behaviors and practices on the well in the finishing days," Anadarko Chief Executive James Hackett told Reuters.
BP, the well's operator and 65 percent owner, said it "strongly disagreed" with Anadarko's allegations, which cap a week in which some top oil executives sought to land the blame for the worst U.S. oil disaster at BP's door.
(Excerpt) Read more at msnbc.msn.com ...
Share unless there is gross or willful misconduct I bet.
BO = BP
Yep.
BO = “gross negligence or [and] willful misconduct.”
If BP was responsible for operating the well then they probably have full liability.
Regardless, mob rule has already convicted BP. They will probably go bankrupt ‘forcing’ Obama to nationalize them just like GM.
How is it possible for a pipe to blow outwards and restrict the flow after.
is Anadarko’s name on the lease?
The U.S.A. still exists under the rule of law. BP knows this.
BP, thus far, has no defined liabilities other than the already agreed upon contract of $75 million, no matter what The Obammunist says.
It will be interesting to see how this "escrow fund" is set up. IE, in writing, who gets the bucks.
yitbos
My last assignment was in the gulf for 5 years and what BP did was reckless and we would never be allowed to do that where I work. Anadarko runs a really good ship with top notch experienced people who would never design a well like Macondo.
Anadarko has an excellent reputation. What’s sad about this is that so many good operators have been impacted by BP’s practices.
Here is an example of a malfunctioning system on a grand scale: The Interstate 35W Mississippi River eight-lane bridge in Minneapolis, Minnesota that collapsed on both sides of the highway over the Mississippi River during rush hour. The cause of the collapse: undersized gusset plates.
Just as undersized gusset plates were the cause of catastrophic failure in a bridge, it may be that flaws in the design of the BOP did not allow it to function at the one mile deep pressures. How was anyone to know that the design of the BOP would lead to such a failure? Name me one thing that has always worked perfectly.
I hope other corporations look at what has happened to BP and re-evaluate the danger of getting into bed with back-stabbing, rat-like politicians. Barack Obama was the biggest recipient of BP political contributions and look at what that rat has done to them. CEO Hayward's gone, who's next out the door at BP.
Sad for Anadarko, which I agree is a top flight company and one of the biggest non integrated hydrocarbon producers. From what I gather, their liability will be in direct proportion with BP’s unless they can show BP acted in a reckless or criminal manner. Even so, that may not remove their civil liability as I am sure the bevy of trial lawyers heading toward the gulf has been a virtual wolf pack.
I understand their concern. As a non op partner, that had zero control over the drilling of this well, they will have to pay 25% of the cost of this fiasco, which could cost them $25 Billion, which they don’t have. My understanding (which is from hearsay), is that BP did not run a Cement Bond Log, which means that they didn’t know if they had adequate cement to stop a backside gas flow. If this is the case, it could imply that they were negligent. So Anadarko will have to pay for BP’s mistakes. Trust me as a non op owner, BP did not ask for Anadarko’s opinions.
I agree. I have been in the business for 35 years. I understand that all I know is from hearsay, but if what I have heard is true, they were extremely negligent.
Blow Out Preventor...
You are right about that. The sharks will go after who has the money. BP is likely to run out at some point, so the fatted calf Anadarko will be the next target.
A pipe under pressure ruptures outwards. It expands. I simply don’t see a mechanism in place that could “crimp” the pipe and restrict flow. BP has already stated this was the case. Cutting it increased the flow.
I don’t disagree with Anadarko.
My 35 years of oilfield and 15 years of deep water drilling says BP violated at least 19 basic, common and widely accepted oilfield practices in this disaster. This is to say nothing of a broken chain of command and perverse management practices.
Their own internal discussions about running a liner and tieback instead of the long string they did run are evidence enough that they had serious concerns about what they did before they did it anyway. This feels a lot like gross premeditated negligence to me.
Isn’t that what knowing you are about to do something wrong and doing it anyway is all about?
BP has become the penultimate example of empowerment of the asset team run amok. The strong headquarters drilling group and standards of operation and the boundary conditions this creates have died, been buried and rotted away at BP. BP should follow in their own death as soon as they have paid for this horrible mess and terrible black spot they have laid on an otherwise great and competent industry.
If you want to get to root causes... Thank McKinsey and Company starting from about 1986.
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