[scurvy]

There were still mechanical failures all over in safety devices. We're drilling much deeper than under higher pressures now than Deepwater Horizon.

To imply that deepwater oil production is safe, is crazy. Storms happen. Mudslides (underwater) happen. Pandemics happen. This is why majors contract out to the offshore drillers. They want nothing to do with it.

[mastratton3]

That's not exactly accurate. Transocean was the contract driller on deepwater horizon but BP still took the brunt of the liability and PR backlash. The contract structure actually hasn't changed much in the past 20 years.