Transocean Witness Says Deepwater Horizon Rig Was Well Maintained

Bloomberg reported that a company witness for Transocean Ltd said the Deepwater Horizon rig was well maintained prior to the blowout of a BP Plc well that triggered the biggest US offshore oil spill.

As quoted in the market news:

In a trial to determine liability for the disaster, William Ambrose, a Transocean executive who led the driller’s internal probe of the fatal explosion and spill, today disputed testimony from a witness who claimed the company maintained the rig in a grossly negligent manner.

Click here to read the full Bloomberg report.