"Whole series of failures" led to oil spill -BP CEO

MIAMI, May 26 (BestGrowthStock) – BP (BP.L: ) Chief Executive Tony
Hayward said on Wednesday a “whole series of failures” led to
the blowout of BP’s deepwater well and the catastrophic spill
of crude oil into the Gulf of Mexico.

“There were a whole series of failures here, the blowout
preventer failed on three separate occasions,” Hayward told
CNN, adding the company was turning over the findings of its
own inquiry to U.S. authorities.

But he denied that the failures had “anything to do” with
the British-based company trying to save costs.

He called the April 20 well blowout and rig explosion that
triggered the spill an “unprecedented accident” and added:
“This will be a transforming incident in the history of
deepwater exploration”.

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(Reporting by Pascal Fletcher)

“Whole series of failures” led to oil spill -BP CEO