BP's Blowout Blunder
Risk management failure causing the blowout of the Macondo well
The Macondo blowout caused the explosion that killed 11 people and injured many others who were working on the BP platform Deepwater Horizon in 2010. Also a huge oil spill was caused by this disaster. Was this disaster unpreventable or have their been risk management failures?
A blowout is the phenomenon that the fluid pressure within the reservoir exceeds the fluid pressure of the drilling mud.