BP Suing Rig Owner $40Billion

Posted on April 20, 2011

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BP on Wednesday sued the maker of the device that failed to stop last year’s calamitous Gulf oil spill and the owner of the rig that exploded, alleging that negligence by both helped cause the disaster.

The British company said in papers filed in federal court in New Orleans that it is suing rig owner Transocean for at least $40 billion in damages, accusing it of causing last year’s deadly blowout in the Gulf of Mexico that led to the worst offshore oil spill in U.S. history. BP says every single safety system and device and well control procedure on the Deepwater Horizon rig failed.

It also is suing Cameron International, which provided a blowout preventer with a faulty design, which caused an unreasonable amount of risk that harm would occur.

The lawsuits, filed on the first anniversary of the explosion that led to the spill, seeks damages to help BP pay for the tens of billions of dollars in liabilities it has incurred from the disaster.

Though BP has estimated its liabilities at $40.9 billion, it still could face tens of billions of dollars more in civil and criminal fines and penalties from the U.S. government.

“The Deepwater Horizon BOP was unreasonably dangerous, and has caused and continues to cause harm, loss, injuries, and damages to BP (and others) stemming from the blowout of Macondo well, the resulting explosion and fire onboard the Deepwater Horizon, the efforts to regain control of the Macondo well, and the oil spill that ensued before control of the Macondo well could be regained,” BP said in the lawsuit against Cameron.

BP wants the court to award the oil giant damages against Cameron and to declare that the device maker caused or contributed to the disaster and is responsible for some or all costs incurred by BP.

Eleven people were killed when the Deepwater Horizon rig exploded on April 20, 2010, leading to more than 200 million gallons of oil spewing from an undersea well.

A testing firm hired by the government determined last month the blowout preventer had a faulty design. But it also cited other problems related to rig crew actions.

MORE…..apnews.myway.com

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