Drill rig “Deepwater Horizon” which is owned by Transocean and is rented by BP exploded on the night of April 20th, 2010. A mass of oil leaked out after the drill rig sank in Gulf of Mexico two days later.
Fail to stop the oil leaking from the well by a “Top hat” dome, overestimated oil as much as 5000 barrels per day are leaking out. BP who alleged to be absolutely responsible for the clean-up costs is in charge of a large scale clean-up operation. Up to May 13th, 526 vessels and 13,000 persons were mobilized. 1.5 million feet booms were deployed and 475,000 gallons dispersant were sprayed.
The clean up operation has cost BP USD 450 million. And it is estimated that the total costs will be USD 20 billion.
CMS are tracking the development of the accident and related technical and legal issues. A brief report on the accident is prepared by CMS on the basis of information we collected.
For more details, please see the attached PDF document: BP and Related Companies are Facing Huge Bill for the Drill Rig Accident in Gulf of Mexico