rssAmerican Petroleum Institute: ‘Rapid Response System’ Demonstrates Industry’s Commitment to Safety
Wednesday, July 21, 2010 at 5:30 pm
- 21 Comments
The American Petroleum Institute, the oil industry trade association, quickly followed news of a new “rapid response system” being developed by four of the world’s major oil companies with a statement touting the industry’s “commitment to safe operations.”
According to the statement:
Today’s announcement demonstrates the industry’s commitment to safe operations. The experts and engineers at these companies will build on the lessons of the Deepwater Horizon accident to design, develop and implement a state-of-the-art engineering system that will raise industry safety preparedness and capability.
API also outlined more details on the system. Four oil companies — Exxon Mobil, Chevron, ConocoPhillips and Royal Dutch Shell — have put $1 billion into a new non-profit organization called the Marine Well Containment Company. The non-profit will construct a new “subsea containment assembly,” which will stop the flow of oil in the event of a future blowout, API said.
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21 Comments
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Comment posted July 21, 2010 @ 10:28 pm
From the “Dictionary of the Petroleum Industry” (Fifth Ed., 2010):
“Rapid response system”: A promise, made more than three months after an undersea oil well catastrophe that released in excess of 100 million gallons of oil, to create a company at some point in the future to develop a technology at some more distant point in the future. The technology, if properly deployed in conjunction with sufficient resources (lobbying and advertising), will be designed to restore feelings of satisfaction (or at least complacency) regarding the acceptable risks of drilling for oil deep under the sea.
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