Rethinking the Unthinkable

Managing the Risk of Catastrophic Failure in the Twenty-First Century

“This was not our drilling rig, it was not our equipment, it was not our people, our systems or our processes.”
– BP CEO Tony Hayward, 13 days after the explosion aboard Deepwater Horizon

Despite Mr. Hayward’s assertion, it was ultimately BP’s failure to manage the myriadrisks of deepwater drilling that caused a image_0tragic loss of life, widespread environmental damage, and a bill of upwards of fifty billion dollars. The failure of Deepwater Horizon, and BP’s inability to contain the subsequent oil leak, was not simply a failure—it was a system meltdown. Continue reading “Rethinking the Unthinkable”