Thursday, November 4, 2010

Halliburton's Flawed Cement May Seal Legal Fate: Commentary by Ann Woolner

http://www.bloomberg.com/news/2010-11-05/halliburton-s-flawed-cement-may-seal-legal-fate-commentary-by-ann-woolner.html


Criminal negligence anyone?
Some boundaries where never meant to be pushed


Halliburton Co. probably meant no irony when it named its annual report last year, “Pushing Boundaries.”



Last week a commission investigating the disaster reported that the Houston-based company had reason to suspect from its own work that the kind of cement similar to that which it used at the well wouldn’t hold. The material had failed three out of four stability tests, and Halliburton didn’t test the final formula used.

If it had, it might have found what experts at Chevron discovered when testing that formula at the request of investigators. Nine times they tested the formula used, and nine times the stuff was unstable.