A Review of Flaws in the Regulatory Procedures to Effectively Monitor...

A Review of Flaws in the Regulatory Procedures to effectively monitor vulnerabilities of the sanctuary check s & measures in the Oil patiences drilling technology to prevent Epidemic Environmental Disaster Submitted by: Contents Introduction Background * Deepwater Horizon * The Cause of the Explosion * Casualties and the Rescue Operation * Magnitude of the Spill Impact on BP and the game Holders * Claims and the cleanup Payments The Problems with the Regulatory Authorities * Vulnerabilities of Blowout Prevention Devices * Bad cementum Job Conclusion Contents Introduction: The industrialized world banks heavily on fossil fuel as one of its main competency resource. This addiction has led Man to run short on places to drill on land and shallow waters, leading him to go fater into ocean for extracting oil & gas by deploying inshore Platforms or Oil rigs.

Drilling operations under such(prenominal) extreme conditions entails a great risk, according to US mineral Management Services which is a Federal Agency in charge of regulating drilling and issuing permits, from period of 2001 to 2010, over 69 deaths, 1349 injuries and 85 explosive fires on the off-shore rigs in the disjunction of Mexico alone . Unlike other environmental disasters a deep water oil spill is not a whiz event, it has long lasting ecological effects caused by millions of gallons of spilt oil. BP is face with the challenge to clean up one of the most big oil spills in history, which includes bearing all the clean- up cost and paying for loss and damage caused by the spill including authentic commercial losses of earning/ Profit of the affected. The Oil Industry has been allowed to discharge their own... If you want to get a full essay, order it on our website: Orderessay

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