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Transocean executives donate bonuses after oil spill

06 april 2011, 17:10
Deepwater Horizon platform before explosion
Deepwater Horizon platform before explosion
Senior executives of the firm that owned the troubled Deepwater Horizon rig that exploded last year, triggering a spill, are donating their bonuses to the families of 11 workers killed in the disaster, AFP reports.

The move came after Swiss-based Transocean Ltd. faced heavy criticism for claiming 2010 was the company's "best year for safety, despite the deadly oil April 2010 platform explosion and massive leak in the Gulf of Mexico.

More than 205 million gallons of oil gushed into Gulf waters in the wake of the massive disaster, fouling US shorelines, scaring off tourists and closing rich shrimp and fishing grounds.

"The executive team made this decision because we believe it is the right thing to do," chief executive Steven Newman said in a statement Tuesday.

"Nothing is more important to Transocean than our people, and it was never our intent to diminish the effect the Macondo tragedy has had on those who lost loved ones... We offer our most sincere apologies and we regret the impact this matter has had on the entire Transocean family."

Five executives, including Newman, will donate over $250,000 to the Deepwater Horizon Memorial Fund established by Transocean. The fund has so far distributed more than $1.6 million to the relatives of the victims.

Nine of the 11 people killed in the explosion on the BP-leased Deepwater Horizon platform were employees of Transocean, the world's largest offshore oil and gas drilling contractor. Seventeen other people were wounded.

Transocean claims that BP is solely responsible for the explosion and oil spill, but BP sees the responsibilities as shared.

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