Gulf spill will "forever" change drilling: BP exec

BOSTON (BestGrowthStock) – The explosion and sinking of a BP Plc oil rig and subsequent massive oil spill will “forever” change the offshore drilling industry, a top executive with the London-based oil giant said on Thursday.

“There is no doubt that this event will change the offshore industry forever, around the globe,” said Robert Dudley, executive vice president for the Americas and Asia at BP.

After the current leak — which is one of the worst environmental disasters in U.S. history — BP will “consider the trade-offs” of new offshore exploration, Dudley told the Boston College Chief Executives Club.

The leak, still weeks or months away from being stopped, threatens Louisiana, Mississippi, Alabama and Florida and could eclipse the 1989 Exxon Valdez spill in Alaska, the worst U.S. oil spill.

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(Reporting by Scott Malone; Editing by Phil Berlowitz)

Gulf spill will “forever” change drilling: BP exec