Transocean gives bonuses for ’safety’ after Gulf of Mexico oil spill

April 4th, 2011 - 5:58 pm ICT by ANI  

Barack Obama London, Apr.4 (ANI): The American offshore oil and gas drilling contractor, Transocean, which is also responsible for running the Deepwater Horizon rig, has paid its top executives bonuses for its “best year” in terms of safety, despite a deadly explosion in the rig last year, which killed 11 workers and caused a huge oil spill in the area.

Transocean said there has been a drop in the rate of recorded incidents and in their potential severity, in the past year.

The Deepwater Horizon had exploded on April 20 2010, causing millions of gallons of oil to pour unabated into the Gulf of Mexico, prompting President Barack Obama to call the incident America’s environmental 9/11.

Before the well was capped in July, the spill affected the coastlines of four states and scared tourists away. Many fishing grounds were also closed due to the spill.

However, the true environmental and economic impact may not be known for years, BBC reports.

A presidential commission had concluded that the explosion had been caused by cost cutting and directly blamed Transocean, BP and Halliburton for the disaster.

The company’s annual report acknowledges the explosion on the rig, but adds that the company had exceeded internal safety targets.

Transocean had claimed that BP is solely responsible for the oil spill, whereas BP contends that Transocean shares liability. (ANI)

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