CERAWeek: BP CEO outlines post-Macondo moves

Offshore Staff

HOUSTON -- Robert Dudley, CEO of BP, came to IHS CERAWeek today to discuss BP's views of offshore operations in the post-Macondo era. He also described changes in BP's operations as a result of lessons learned.

"We have a responsibility to embed the learning from the accident across BP's business, worldwide," Dudley said. "And, we are taking a series of steps to this end."

Dudley said BP is acting in four main areas:
1. Strengthening and clarifying requirements for safe, compliant, and reliable operations
2. Deploying about 500 specialist personnel to guide, advise, and if necessary, intervene
3. Providing technical expertise to its operating businesses
4. Intervening where needed to stop operations and bring about corrective actions.

He continued to address the role of the industry in general, saying the industry needs to go further than it has yet to ensure safety because of its risk profile in the future.

This is compounded by the need to operate in challenging frontiers.

"Blazing new trails always carries risk," Dudley said. "We will be doing this with a sense of great care and responsibility."

Its experience has shown lessons from contractors, technologies, systems, and equipment.

"We believe we have a responsibility to share our learning with those who can benefit from it -- including our competitors, partners, governments, and regulators," Dudley said.

Specific deepwater drilling plans and procedures are being implemented. BP will not drill unless it knows it can:
1. Shut in the well -- with real plans and equipment on standby
2. Drill a relief well -- with real plans and equipment identified
3. Launch an emergency response that builds on lessons from the Macondo incident.

03/08/11



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