Drilling Out The Weak Spots In Auditor Requirements
January 26, 2012, 3:36 PM EST
Law360, New York (January 26, 2012, 3:36 PM EST) -- The world’s attention was drawn abruptly to environmental, health and safety (EHS) systems failure in Outer Continental Shelf (OCS) drilling when the Deepwater Horizon/ BP Macondo (Macondo) disaster occurred in April of 2010. Despite the barrage of criticism showered on the Minerals Management Service (MMS) following Macondo, MMS had already begun to take steps toward improving EHS performance in the OCS a few years before Macondo.
Citing the twin goals of improving regulatory efficiency and minimizing worker injuries, pollution incidents and damage to the marine environment,...