May 13, 2010 – Transocean, the world’s largest offshore drilling contractor, petitioned last week to limit its liability in the Deepwater Horizon disaster to $27 million.
While BP is footing the bill for the cleanup efforts, partial blame has been placed on Transocean for the failure of a key giant valve system in the explosion.
Transocean chief executive Steven Newman was quick to react, saying “All offshore oil and gas projects begin and end with the operator.” Newman also stated that Haliburton was responsible for the cement work that may have failed to seal the well correctly.
The petition was filed under the Limitation of Shipowner’s Liability Act of 1851, and aimed to” consolidate in a single court many of the lawsuits that have been filed following the Deepwater Horizon casualty.”
The Swiss company emphasized that “its focus remains centered on remediation and meeting the needs of its injured and deceased employees and their family members during this difficult time.”
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