Rig damage caused by human error

Telegraph:

BP yesterday admitted that the collapse of its $1billion (£560m) Thunder Horse platform in the Gulf of Mexico had nothing to do with Hurricane Dennis, and was instead caused by a technical mistake.

Thunder Horse, 150 miles south of New Orleans, fell to a 20 degree tilt in July, and almost sank. Fixing it will cost $250m (£140m).

"After a thorough investigation, we have concluded that it was not storm-related, but was caused by a design weakness in the ballast system," Lord Browne of Madingley, BP's chief executive, said.

Thunder Horse, which is now expected to begin production in the second half of next year, was just one of several problems BP experienced in the Gulf, as "severe and destructive weather" hit third-quarter profits.

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