Engineer says BP abandoned well-capping plan with no explanation

|By:, SA News Editor

A Transocean (RIG) engineer testified today that BP never explained its decision not to deploy a well-capping method his team had developed in 2010 to respond to the blowout of the Macondo well that led to the Gulf of Mexico oil spill, during the second day of the second phase of BP’s civil trial.

The engineer said he was surprised when BP chose another route to attempt to curb the out-of-control flow of oil from the well, as it seemed to be a sudden turnaround after days of steady progress.

BP can tolerate ~$40B in penalties but a severe penalty could batter its credit quality if the court finds the company was grossly negligent, Moody’s said today.