Transocean says BP misrepresented Gulf oil spill estimates

03/3/2013 | Bloomberg Businessweek

The 2010 Gulf of Mexico oil spill was prolonged because BP misrepresented oil spill figures, according to Transocean. BP's flawed estimates prompted workers to use a "top-kill" method to seal its Macondo well, which failed, Transocean said. "Had the alternative source control approach -- known as the BOP-on-BOP -- been attempted instead of the doomed top kill effort, the well could have been capped in mid-May, rather than in mid-July," the oil field services firm said in a filing.

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