New BP Oil Spill Study From Licata Risk Shows How "Nightmare Well" Disaster Could Have Been Prevented by Risk Management Procedures
(firmenpresse) - BOSTON, MA -- (Marketwire) -- 01/10/12 -- Licata Risk Advisors -- -- has released a new case study on the BP oil spill disaster, pointing out both obvious and hidden details that show BP ignored its own internal while acknowledging that the Gulf facility was considered a "nightmare well."
According to the study, authored by Frank Licata, president of Licata Risk & Insurance Advisors, Inc., "The study illustrates vividly would have prevented the catastrophe -- not in a 'hindsight' manner, but rather in a factual and clearly observable way."
Based on recently released government investigative reports, reports by industry, the press and academia, and BP's own investigation, the study is available at no cost directly from Licata Risk at
BP violated all of the following:
Government regulations
Safety and loss control standards for the oil exploration industry
BP's own safety and loss control standards
Core risk management principles
"Ironically," the report states, "about the time of the blowout BP was receiving a safety award for the project. They were able to concentrate on the likely events and prevent them (the easy part of loss control), while ignoring the less likely catastrophe... BP was given the gift of warning after warning that a disaster was brewing. Since there was apparently little management culture at the company, all were ignored."
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Datum: 10.01.2012 - 09:48 Uhr
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News-ID 1071619
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