Transocean releases report on Deepwater Horizon disaster

Reports on the Deepwater Horizon disaster continue to appear. Now Transocean Ltd. (NYSE: RIG) (SIX: RIGN), the owner and operator of the Deepwater Horizon, has release an internal investigation report on the causes of the April 20, 2010, Macondo well incident in the Gulf of Mexico.

Following the incident, Transocean commissioned an internal investigation team comprised of experts from relevant technical fields and specialists in accident investigation to gather, review, and analyze the facts and information surrounding the incident to determine its causes.

The report concludes that the Macondo incident was the result of a succession of interrelated well design, construction, and temporary abandonment decisions that compromised the integrity of the well and compounded the likelihood of its failure.

You can access the whole report and supporting materials HERE

June 22, 2011