2.5 Deepwater Horizons

Question 1

What is deepwater horizon?

Answer 1

Deepwater Horizon drilling rig is a semi-submersible–
owned by TransOcean and leased by oil company BP to
supply USA

Question 3

When did the deepwater oil disaster occur?

Answer 3

Occurred 20th April 2010

Question 4

How many people were killed and injured during the BP 2010 oil spill

Answer 4

Killed 11 people and injured 17 others

Question 5

How much oil was spilled in the BP 2010 oil spill

Answer 5

4.2 million gallons of oil released in total

Question 6

What were the impacts on tourism as a result of the BP 2010 oil spill

Answer 6

Huge impact on Louisiana’s $2.4 billion fishing industry and coastal tourism.

Question 7

How many animal species reside in the area?

Answer 7

Area home to 8,332 animal species

Question 8

What have technological improvements done for profitability of the oil

Answer 8

Recent improvements in technology have meant profitability of deepwater oil rests at ~$50 per barrel

Question 9

What were the economic impacts of the deepwater horizon spill?

Answer 9

Transocean received $401m insurance for loss of rig – whereas BP could face up to $20b in charges