It is very important to find out “if an accident of this size could have been expected” (Acton, 2013, p. The general aims of the analysis presented in this paper include: This report is significant for assessment of the key risk management issues that are associated with the oil spill in the Gulf of Mexico.
The BP’s handling of the Deepwater Horizon oil spill that occurred in 2010 teaches people some important crisis management lessons.
Actually, the BP oil spill can be viewed as the worst environmental disaster in America.
The BP oil spill occurred near Mississippi River Delta, as a result of a deep-sea floor oil gusher, which was made by the massive explosion of the Deepwater Horizon platform, one of the most efficient and effective semi-submersible drilling rigs in the Gulf of Mexico.
A large number of factors, including Petroleum toxicity, Corexit dispersant usage and oxygen depletion can be viewed as the major causes of the disaster which led to the negative impact on ecological system (Smithsona & Venette, 2013).
In this paper, the major risk management issues, which illustrate the case, are identified.Actually, the work on oil platforms is automated, but human errors often occur on these structures (Smithsona & Venette, 2013).According to researchers, these oil drilling rigs are considered to be the largest movable human-made structures in the world, as such “they have become virtual cities afloat that will always have minor equipment failure and human error, not to mention working in hurricane-prone environments” (Ostrom & Wilhelmsen, 2012, p. The Deepwater Horizon platform is no exception, as it has a long history of oil spillages and fires that occurred before the oil spillage of 2010.To manage the crisis, a special plan should be developed and tested.Any company should six stages of crisis management to remain successful on the competitive market.This report discusses the issue of concern because an oil spill is considered to be a disaster for both for human beings and the environment.The BP oil spill in the Gulf of Mexico is no exception.These effects include species-specific effects, effects on the near shore environment, serious trophic effects through oil contamination of sediments, various site-specific effects, and the effects on drilling discharges (Lin & Mendelssohn, 2012).Based on recent research findings, “the BP oil spill in the Gulf of Mexico that followed the explosion of the exploration platform Deepwater Horizon on 20 April 2010 was the largest accidental oil spill” in America that requires finding the proper solutions to develop effective risk management practices.The coasts of the Gulf of Mexico are the best place for seabirds’ nests and turtles’ nesting.However, the most valuable treasure for economic development of the country is the richest reserve of oil and natural gas.