3 Apr 2011

Transocean gives bonuses after Mexico BP oil spill

8:39 pm on 3 April 2011

The American offshore oil and gas drilling contractor, Transocean, has paid its top executives bonuses for achieving what it describes as the "best year" for safety performance in its history.

This is despite the deadly oil platform explosion in the Gulf of Mexico a year ago, in which 11 people were killed and which set off the biggest oil spill in American history.

A presidential commission concluded that the explosion was caused by cost cutting and directly blamed Transocean, BP and Halliburton for the disaster.

Despite that, Transocean handed out huge bonuses to its executives citing the company's best year for safety ever reports the BBC.

Its annual report acknowledges the explosion but says it exceeded internal safety targets.

Transocean has always maintained that BP is solely responsible for the oil spill.