Deepwater Horizon

Monday, May 17, 2010 around 8 am mountain time

Some statistics from last night’s 60 Minutes feature – The Blowout in which a survivor told “how he got away from the flaming platform and all the things that went wrong leading up to the blowout that killed 11 and caused the still-gushing oil leak.”

  • The Deepwater Horizon oil rig was the most sophisticated in the world
  • The Deepwater Horizon cost BP roughly $300 million
  • To operate the rig, it cost BP $1 million per day, and it had been operating in the Gulf for 7 years before its sinking
  • This oil spill in the Gulf of Mexico is the equivalent of the Exxon Valdez spill every 4-7 days. It continues to leak.
  • The spill is estimated to cost BP $25 million

This would be bad news for any company, excepting BP. The corporation formerly known as British Petroleum earned over $6 billion in profit during the first 3 months of this year.

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