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Expert Analysis

Oil Slick: Protecting Your Coverage Rights

Law360 (May 20, 2010, 11:22 AM EDT) -- On April 20, 2010, an explosion destroyed the BP-licensed Transocean Ltd. drilling rig Deepwater Horizon, located just 42 miles southeast of the Louisiana coastline. The explosion ruptured the underlying well, causing an estimated 25,000 to 100,000 barrels of crude oil per day to escape to the surface of the Mexican Gulf. As of the publication of this article, the resulting oil slick is the size of Delaware and spreading dangerously close to the fragile coastal wetlands of Louisiana. To date, efforts to stop the oil leak below and to contain the oil slick on the water's surface have been for the large part ineffectual....

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