BP plc · LSE:BP.
BP — Corporate Update (November 2010)
7 slides from BP's corporate update, November 2010
Slide 1: BP's incident investigation: Eight key findings
Gulf of Mexico oil spill – Investigation and Recommendations BP’s incident investigation: Eight key findings Well integrity was not established – Hydrocarbons ignited on the or failed Deepwater Horizon 1. A nnulus cement barrier did not 6. D iversion to mud gas separator resulted isolate hydrocarbon
Slide 2: Investigation report recommendations
Gulf of Mexico oil spill – Investigation and Recommendations Investigation report recommendations 26 recommendations specific to Contractor and service provider BP has accepted all the recommendations the 8 key findings and is reviewing how best to implement oversight and assurance them across its w
Slide 3: Follow up to Bly Recommendations
Gulf of Mexico oil spill – Investigation and Recommendations Follow up to Bly Recommendations 26 Recommendations accepted by BP, Program Manager appointed to oversee Action plan progress reviewed by Wells Senior Leadership implementation of recommendations •• 3 0 actions already addressed (i.e. low
Slide 4: The Safety & Operations journey post-Texas City
Gulf of Mexico oil spill – Safety & Operations The Safety & Operations journey post-Texas City Immediate action Six point Plan Deep embedding Aspiration Plant Temporary Accommodation Operating Blow-down Stacks Management System (OMS) Major Accident Risk Sustained by the right organisational Operatin
Slide 5: Fulfilling our obligations and rebuilding trust
Gulf of Mexico oil spill – Fulfilling our obligations and rebuilding trust Response BP’s activities are ongoing for as long as it takes to make this right Economic impact – Natural Resources Reputation Building – Making this right through Damages Assessment Long-term commitments claims payments (NRD
Slide 6: Cleaning the coast and restoring the environment
Gulf of Mexico oil spill – Response activities Cleaning the coast Coastline and restoring the environment The scale of the surface and onshore response consisted of: •• Co-ordination of people and resources from: – 5 incident command posts – 19 branch offices – Staging areas in Louisiana, Mississipp
Slide 7: Current issues
Gulf of Mexico oil spill – Environmental issues Current issues •• Where has the oil gone •• Dispersant use •• Immediate impact on wildlife •• Impact of oil onshore and clean-up operations •• S cience research and Gulf of Mexico Research Initiative